It is important to have an account in a Portuguese bank before moving to Portugal.
Having your Portuguese bank account ready before moving to Portugal will save you money in terms of bank charges and currency conversion, and time, as your money will be ready for use, without any restriction, when you move to Portugal.

Having your Portuguese bank account ready before moving to Portugal will save you money in terms of bank charges and currency conversion, and time, as your money will be ready for use, without any restriction, when you move to Portugal.

Some banks in Portugal allow you to open an account from abroad. There are three types of bank accounts on offer at traditional Portuguese banks
Current account
Instant-access savings account
Time-deposit accounts
The minimum age to open your own bank account in Portugal is 18 years old

Documents you need to open a bank account in Portugal:
valid photo ID , Passport
proof of address (a utility bill)
proof of employment (a pay slip or work contract)
NIF number
proof of your foreign address

You’ll be asked to fill out some paperwork and make the minimum deposit of 250 euros , if your account has one. With many banks, you’ll walk out with your debit card in hand. With others, you’ll receive your card by mail.

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