How do I open up a bank account in Portugal?
Duncan MacGregor - Duncan MacGregor Accounting

Some of the...

Some of the foreign banks are less demanding than the Portuguese banks. There are a lot of foreign banks here; especially Spanish banks. They seem to make life a lot easier when you are opening a bank account here in Portugal.
I do not know if Americans would have an issues related to FATCA when they open a bank account here in Portugal. FATCA has forced the EU to come up with a similar thing called “Common Reporting Standard” so that in 2017, most financial institutions will be communicating to the tax authorities on the accounts held by their depositors.
(Novo Banco -- formerly Banco Espírito Santo-- Lisbon, Portugal, pictured.)
Posted December 18, 2015