Accounts with No Account Maintenance Fees
At novobanco, we have the account you're looking for.
Looking for accounts with no account maintenance fees?
At novobanco, we have the account you're looking for.
From birth up to the age of 31, we offer four options that allow you to open an account with no account maintenance fee.
And there's much more besides. Discover everything each account has to offer and open yours online or at a Branch.
- 0 to 12 years
- 13 to 17 years
- 18 to 25 years
- 26 to 31 years
Junior Current Account
This account is exclusively for children aged between 0 and 12. Opened, represented and operated by the legal representative.
Key Benefits
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Online banking accessManage your children's account digitally through online banking when linked to your own account.
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Invest for the futureInvest in Global Invest Teen through monthly contributions or other Investment Funds.
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Savings account
Access to a Junior Scheduled/Tailored Savings Account, a 3-year Term Deposit.
Youth Account
This account is exclusively for young people aged between 13 and 17. Opened, represented and operated by the legal representative.
Key Benefits
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Use of digital channels – novobanco Online and App
Check balances, make top-ups and payments online, subject to transaction limits. novobanco was a pioneer in mobile and online banking for young people under 18, helping them take their first steps towards greater financial independence.
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Cards
Free issue of a Cartão Débito Jovem -Youth Debit Card and a Cartão Pré-Pago Tipo - Standard Prepaid Card for the account holder. These cards must be requested by the legal representative and can be linked to MB WAY.
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Savings Solutions
Access to a range of savings products.
18.25 Account
Key Benefits
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MB WAY transactions and everyday banking services at €0
Free MB WAY transactions through the App. Free day-to-day services for the first account holder, including instant transfers, non-urgent SEPA+ credit transfers, service payments and mobile top-ups
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Cards
Free issue of a Debit Card and a Prepaid Card for the account holder.
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An environmentally responsible account
Zero CO₂ emissions. This account offsets unavoidable emissions through support for the Soil & More project since 2019
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Access to Solução Ordenado - Personal Overdraft (1)An authorised overdraft available up to the value of your salary, allowing you to withdraw funds or make payments even when there is no available balance in your Current Account
Salary Overdraft Solution: Representative example, 4th quarter of 2026. APRC 18.3%, nominal annual rate 16.300%, for a limit of €1,500 and a contracted term of 3 renewable months, assuming full use of the credit limit for 3 months.
26.31 Account
Key Benefits
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€0 maintenance fee
When you spend at least €250 per month with your account cards and have a salary paid into the account of €670 or more.
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MB WAY transactions and everyday banking services at €0
Free MB WAY transactions through the App. Free day-to-day services for the first account holder, including instant transfers, non-urgent SEPA+ credit transfers, service payments and mobile top-ups
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Cards
Free issue of a Debit Card and a Credit Card Green(1).
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An environmentally responsible account
Zero CO₂ emissions. This account offsets unavoidable emissions through support for the Soil & More project since 2019.
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Access to Solução Ordenado - Personal Overdraft (2)
An authorised overdraft available up to the value of your salary, allowing you to withdraw funds or make payments even when there is no available balance in your Current Account
Information and examples of the Credit Card Verde
(*) Credit Card Verde: 16.9% APRC at 14.350% APR, for a credit limit of €1,500 with repayment at 12 months. 4rth Quarter 2026. Credit card provision fee of €13, plus stamp duty. Credit card provision fee waived for primary cardholders.
Salary Overdraft Solution: Representative example, 4th quarter of 2026. APRC 18.3%, nominal annual rate 16.300%, for a limit of €1,500 and a contracted term of 3 renewable months, assuming full use of the credit limit for 3 months.
Frequently Asked Questions About Accounts With No Account Maintenance Fee
These accounts are intended for children and young people up to 31 years old.
Where the account holder is under 18 and not legally emancipated, representation by a legal representative or other guardian appointed by the Court is required.
It is a reloadable payment card that allows payments, cash withdrawals and top-ups, with daily transaction limits that may be changed by the legal representative or other guardians appointed by the Court.
Accounts for children and young people aged 0 to 17, including Junior Current Account and Youth Account, must be opened at one of our Branches.
Children must attend with a parent or legal representative.
Accounts for those aged 18 to 31 can be opened online.
It is a Debit Card linked exclusively to a Youth Current Account, allowing the account holder to make payments and withdraw cash.
It includes daily transaction limits, which may be adjusted by the legal representative or other guardians appointed by the Court.
PUB | NOVO BANCO S.A. | Registered no. 7 at Banco de Portugal