Welcome to your new life in Portugal

• Account type: Packaged Account

• Currency: Euro

• Age: 18+

• Country of residence: Foreign residents in Portugal

• Minimum opening deposit: €250

• Specific opening condition: No

• Access to the 360 Service (dedicated account manager): Yes

• Current account: Yes 
 
• Savings account: Yes 
 
•Debit Card: Free issuance of the contactless debit card for the account cardholder 
 
• Credit Card Verde: Free issuance of the contactless credit card for the account cardholder 
 
•Salary Overdraft Solution: Yes, with active salary domiciliation

• Account maintenance included at no extra cost

• Salary domiciliation included at no extra cost on request

• Direct debit set up available at no extra cost

• Access to novobanco Online including App and website included at no extra cost 

• National bank transfers included at no extra cost via online banking

• Create virtual cards included at no extra cost

• MB WAY sign up and use free in the novobanco App

• Investment fund subscriptions included at no extra cost 

• Stock market orders and trades available but fees apply

• Standing orders included at no extra cost when set up via online banking

• Card replacement included if the card is faulty or damaged. Fees apply in case of loss or misuse

• Credit operations available. Check the fees that apply to each specific solution 

• One off non urgent SEPA+ credit transfers included at no extra cost via novobanco Online

• Foreign currency ordering included but fees apply

• Incoming international transfers included but fees apply

• International ATM withdrawals included but fees apply 

• International card payments included but fees apply

• Interbank exchange rate included but fees apply

• Deposit Guarantee Scheme up to 100,000€: included

• Discount on insurance subscriptions: not included

• Cheque book available on request: Fees apply

• Securities custody account availabl: Fees apply

• Safe deposit box rental available: Fees apply

• Personal accident insurance: available for the first account holder, a foreign national resident in Portugal, aged 18 to 60 inclusive, with cover in place up to age 65. This insurance is valid only for accidents that occur in Portugal and pays a 5,000€ lump sum in case of death from a non work accident where the link between the accident and death is clinically confirmed, plus transport or repatriation assistance up to 5,000€ in case of death from a non work accident, and funeral expenses up to 500€.

7.90€/month | 94.80€/year plus 4% Stamp Duty (equivalent to 8.22€/month and 98.64€/year)

The account maintenance fee is charged in arrears.