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Boas-Vindas Account

Welcome to your new life in Portugal.

  • "Verde" Credit Card available free of charge (1)

  • Main day-to-day transactions at no charge

  • Access to salary advances (2)

Boas-Vindas Account

 

The perfect bank account for foreigners

€7.50/month + Stamp Duty (3) on account maintenance fee, enjoy all the additional products and services that this account package offers. 

If you're looking for an account package with everything you need for your day-to-day life, open a Boas-Vindas Account now .

For anyone who has just arrived in Portugal, this account includes personal accident insurance, with repatriation in the event of death due to a non-work-related accident. Find out about all the conditions and benefits.

Conditions

Age

Age

Over 18

RESIDENCE

RESIDENCE

Resident in Portugal

NATIONALITY

NATIONALITY

Foreign

Minimum opening

Minimum opening

250€

Opening types

Opening types

Counter

Main benefits

  • Boas-Vindas Insurance

    Insurance for the primary holder, aged between 18 and 60, that includes cover for repatriation in the event of death due to a non-work-related accident. Find out more here

  • Main day-to-day transactions at no charge

    €0 in SEPA+ credit transfers, payments and much more via novobanco Online, App or MB WAY.

  • 2 Cards included

    Free Debit Card and "Verde" Credit Card (1).

  • Salary advance

    Free access to the "Solução Ordenado" (2) with an advance on your salary.

  • Free app for managing finances

    Start using the App to set savings goals, organise expenses, subscribe to investment funds and much more.

About the Account

  • Account Type: Account Package

  • Currency: Euro

  • Age: Over 18

  • Country of residence: Foreign residents

  • Minimum opening amount: €250

  • Specific opening conditions: No

  • Access to the 360º service (Personal Manager): Yes, see here for access conditions

  • Current Account: Yes

  • Savings Account: Yes

  • Debit Card: Free contactless debit card for the card account holder.

  • "Verde" Credit Card: Free contactless Green Credit Card for the card account holder.

  • Salary Advance: Yes, with direct deposit of salary.

  • Account Maintenance: Included at no extra cost

  • Direct Deposit of Salary: Included at no extra cost (on request)

  • Possible Direct Deposit of Periodic Expenses: Included at no extra cost

  • Access to the novobanco Online (App and Website): Included at no extra cost

  • Interbank Transfers within Portugal: Online Banking included free of charge

  • Issue of Virtual Cards: Included at no extra cost

  • Join and use MB WAY services for free: Included at no extra cost

  • Fund subscription: Included at no extra cost

  • Stock Exchange Orders and Transactions: Included but with associated cost

  • Standing Orders: Included at no extra cost if you use Online Banking

  • Re-issuing Cards: Included free of charge in the event of a defect or malfunction. With associated cost in the event of loss or misuse

  • Credit transactions: Included; please check associated costs for each specific solution

  • One-off and non-urgent SEPA+ credit transfers: Online Banking included free of charge

  • Foreign Currency Requisition: Included, but with associated cost

  • Transfers received from abroad: Included, but with associated cost

  • International ATM withdrawals: Included, but with associated cost

  • International TPA payments: Included, but with associated cost

  • Interbank exchange rate: Included, but with associated cost

  • Deposit Guarantee Fund up to 100,000 euros: Included

  • Underwriting bonus: Not included

  • Cheque book: Included, but with associated cost (on request)

  • Securities dossier: Included, but with associated cost

  • Safe deposit box rental service: Included, but with associated cost

  • Personal accident insurance: Available to the primary holder, if a foreign national residing in Portugal, aged between 18 and 60 inclusive. Valid up to the age of 65, this insurance is only valid for accidents occurring in Portugal, with the payment of a €5,000 lump sum in the event of death due to a non-work-related accident, provided the cause of death is clinically established, and the provision of transport or repatriation assistance, in the event of death due to a non-work-related accident up to €5,000, and funeral expenses up to €500.

Maintenance fee package of €7.50/month + Stamp Duty.

Click on the documents you want to download
Standardized Information Sheet Standardized Information Sheet
Depositor Information Form Depositor Information Form
Condições gerais para abertura conta Condições gerais para abertura conta
Information Document on Fees Information Document on Fees

Fundo de Garantia de Depósitos: missão e funções.

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Fundo de Garantia de Depósitos: missão e funções.

ACCOUNT SWITCHING SERVICE
Transfer payments associated with your account at another financial institution to a novobanco account. We'll take care of everything.

FAQs

You can if you are of legal adult age, residing in Portugal and of foreign nationality.

Yes, the service is available for this card. Transfers made with MB WAY are free of charge.
The option of creating virtual cards linked to this card is available.

It is a card linked to a current account, issued within the Multibanco and VISA International networks, with contactless technology, that can be used in an electronic environment (ATMs and automatic payment terminals) and in an open environment (e.g. Internet), in Portugal and abroad.

It works in the same way as a salary account. In other words, your salary is deposited directly into your account each month by your employer. In return, the bank offers you an authorised overdraft of up to 100% of your salary.
This is nothing more than a credit that is given to you and deposited in your account for you to use when the available balance is no longer sufficient, allowing you to make purchases, payments and withdrawals without having to worry about any unexpected surprises. You only pay interest on the amount used.
There are no membership or maintenance fees. If you don't use any of the overdraft amount, you won't be charged.

NEW ACCOUNTS

Find nearest location.

(1)  "Verde" Credit Card: 14.5% APR at 11.900% NAR, for a credit limit of €1,500 with repayment at 12 months. 1st quarter 2024. Credit card provision fee of €13, plus stamp duty.

(2) Example, 1st quarter 2024 18.5% APR, 16.400% NAR, for a credit limit of €1,500 and agreed term of 3 months (renewable), assuming full use of credit limit during the 3 months.

(3) Maintenance fee package of €7.50/month + stamp duty.

LEGAL DISCLAIMER

Product marketed by NOVO BANCO, S.A., with its registered office at  Campus do novobanco, Av. Dr. Mário Soares, Taguspark, Edifício 1, 2740-119 Porto Salvo registered with the Supervisory Authority for Insurance and Pension Funds, in the category of insurance agent, under no. 419506141, since 21/01/2019. Authorised to market life and non-life insurance from the insurers GamaLife, Mudum Seguros, Generali Seguros S.A., Europ Assistance, GNB Fundos de Pensões and Coface. Without representation powers of the insurer to conclude insurance contracts; without powers to receive insurance premiums, and does not assume risk coverage. All information about the Insurance Agent can be found at www.asf.com.pt.


Agreements entered into by Mudum - Companhia de Seguros, S.A., Avenida Miguel Bombarda nº 4, piso 9 -1049-079 Lisbon - Apartado 24047 - Loja CTT Campo de Ourique (Lisbon) 1251-977 Lisbon, Portugal - share capital €15,000,000 - legal person no. 503 718 092, and registered in the Commercial Registry of Lisbon.

 


This message does not exclude consultation of the legally required pre-contractual and contractual information.