{ "ok": true, "country": "PT", "nonResidentAccount": "restricted", "accessNote": "Every account rests on a NIF, and the tax authority issues one to a non-resident on a passport plus a document showing the address abroad; a third-country passport must also carry an entry visa, with EU exemptions.", "documents": [ "passport", "tax-id", "proof-of-address" ], "basicAccountRight": "eu-pad", "depositGuarantee": { "amount": 100000, "currency": "EUR", "scheme": "Fundo de Garantia de DepΓ³sitos", "url": "https://www.fgd.pt/en/amounts-guaranteed", "note": "Per depositor per credit institution; certain temporary high balances are covered above the limit for 12 months.", "confidence": "secondary" }, "note": "The EU basic-payment-account right covers day-to-day accounts only, not savings or investment products. The scheme's own pages blocked automated reading; the limit is the Directive 2014/49/EU figure.", "source": "https://info.portaldasfinancas.gov.pt/pt/apoio_contribuinte/questoes_frequentes/Pages/faqs-00299.aspx", "checkedOn": "2026-09-17", "countryName": "Portugal", "flag": "πŸ‡΅πŸ‡Ή", "depositGuaranteeUsd": 112994, "instantPayments": [ { "name": "MB WAY", "since": 2015, "operator": "SIBS FPS", "overseer": "Banco de Portugal", "aliases": [ "mobile number", "national ID number", "passport number", "name/virtual address", "email ID" ] }, { "name": "RT1 / SCT Inst", "since": 2017, "operator": "European Payments Council", "overseer": "European Central Bank", "secondsToCredit": 10 }, { "name": "TIPS / SCT Inst", "since": 2018, "operator": "European Payments Council", "overseer": "European Payments Council", "secondsToCredit": 10 } ], "adultsWithAccount": { "value": 91.4, "year": 2024 }, "caveats": [ "For information only β€” not financial advice. Banks set their own onboarding policies and change them without notice; check with the bank before relying on any of this.", "Access rules describe what major banks usually ask a newcomer for, not what any one bank will accept. Deposit guarantees are statutory limits per depositor per bank; e-money and payment-app balances are usually safeguarded rather than covered. Guarantees are converted to USD at the site's latest FX snapshot for comparison only β€” the scheme pays in its own currency.", "One or more deposit-guarantee figures rest on secondary reporting; see depositGuarantee.confidence." ], "internationalOptions": [ { "id": "multi-currency-emi", "label": "Multi-currency e-money account", "goodFor": "Holding and converting several currencies, receiving pay with local account details, spending abroad at close to the mid-market rate.", "limits": "Opening usually needs residence in a supported country; no overdraft or credit; some countries and transfer corridors are excluded.", "protection": "Usually SAFEGUARDED (kept apart from the firm's own money), not covered by a deposit guarantee scheme β€” unless the provider holds a banking licence where you signed up." }, { "id": "digital-bank", "label": "Licensed digital bank", "goodFor": "A full current account opened in an app, often faster than a branch bank, with local payment rails.", "limits": "Normally residents only, with a local address and tax number; some operate on a partner bank's licence.", "protection": "Covered by the local deposit guarantee when the bank itself holds the licence; check whose licence it is." }, { "id": "expat-bank", "label": "International or expat bank", "goodFor": "One account that follows you between countries, in major currencies, usually with an offshore booking centre.", "limits": "High minimum balance or income, and fees below it; the account is often booked in a crown dependency or offshore centre, not where you live.", "protection": "Covered by the scheme where the account is BOOKED (for example Jersey or the Isle of Man), which can be lower than the UK or EU limit." }, { "id": "us-business", "label": "US business account for a foreign-owned company", "goodFor": "Receiving US-dollar revenue through a US company without living in the US.", "limits": "Needs a US-registered entity and an EIN; several providers are technology firms rather than banks.", "protection": "FDIC cover applies through the partner bank that actually holds the deposits, per bank and per ownership category." }, { "id": "local-bank", "label": "Local bank account", "goodFor": "Rent, utilities, a local salary and local instant payments; often required for a residence permit or tax registration.", "limits": "Usually needs local residence, a local tax number or an in-person visit β€” see the country entry.", "protection": "Covered by the country's deposit guarantee scheme, where one exists β€” see the country entry." } ], "attribution": { "sources": [ { "id": "banking-access-curated", "label": "Central banks, deposit-guarantee schemes and banking regulators (curated)", "attribution": "Non-resident account opening, typical documents and statutory deposit-guarantee limits, read from each country's deposit-insurance scheme, central bank or regulator on the date shown per country, with secondary reporting where the official page could not be fetched (marked per row and per guarantee). Hand-maintained; not a live feed.", "updated": "2026-09-17" }, { "id": "worldbank-fx", "label": "World Bank β€” official exchange rates", "attribution": "Currency conversions use the site's FX snapshot: World Bank official exchange rates (local currency units per US dollar, ANNUAL PERIOD AVERAGE, not a market rate), newest year per currency.", "updated": "2026-09-07", "year": 2025, "url": "https://data.worldbank.org/indicator/PA.NUS.FCRF" }, { "id": "wb-fastt", "label": "World Bank β€” Project FASTT", "attribution": "Fast payment systems per jurisdiction β€” scheme, year of implementation, operator and overseer β€” from the World Bank's Project FASTT global tracker, compiled from system operators and regulators.", "updated": "2026-09-17", "url": "https://fastpayments.worldbank.org/data" }, { "id": "eu-payment-accounts-directive", "label": "EU β€” Payment Accounts Directive 2014/92/EU", "attribution": "Consumers legally resident anywhere in the EU have the right to open a payment account with basic features at a bank in any member state; refusal is limited to anti-money-laundering grounds.", "updated": "2026-09-17", "url": "https://europa.eu/youreurope/citizens/consumers/financial-products-and-services/bank-accounts-eu/index_en.htm" }, { "id": "wb-findex", "label": "World Bank β€” Global Findex", "attribution": "Share of adults (15+) with an account at a bank, another financial institution or a mobile-money provider, from the Global Findex Database (FX.OWN.TOTL.ZS), a triennial household survey; the survey year travels with each figure. Remittances received are personal remittances as a share of GDP (BX.TRF.PWKR.DT.GD.ZS).", "updated": "2026-09-07", "url": "https://www.worldbank.org/en/publication/globalfindex" } ], "citation": "Geo-Parity β€” Banking Access. Data: Central banks, deposit-guarantee schemes and banking regulators (curated), World Bank β€” official exchange rates, World Bank β€” Project FASTT, EU β€” Payment Accounts Directive 2014/92/EU and World Bank β€” Global Findex (2025). https://geo-parity.com/money/?tab=banking", "permalink": "https://geo-parity.com/money/?tab=banking", "terms": "Free to use and quote with attribution. Figures are estimates for orientation, not advice." } }