Amount of savings in Portugal Bank Account? – General Chit Chat & Conversations – Expats Portugal Community Forum
Clear all

Please feel free to view our Forum, but you must either LOGIN or REGISTER to join in the conversation.

Amount of savings in Portugal Bank Account?

2 Posts
2 Users
Posts: 29
Community Member
Topic starter
Joined: 5 months ago

Hi everyone! I have heard that I should have a certain amount in the Portugal bank account for D7 approval. Is there an official set amount that NEEDS to be in the Portugal bank account per per person, or is it just a better chance of approval if they see a lot of money in there? I’m a single mom coming with my 2 daughters and my income more than qualifies me but I’m concerned with the possibility of having to have 20k in their bank in order to be approved. 

Has anyone heard this or experienced any issues with the amount they needed to have in the Portugal bank account?

Topic Tags
1 Reply
Posts: 269
Premium Member
Joined: 2 years ago

Hopefully i can stimulate another response.  Here is what I believe to be true at this moment.

For you: €705 (current Portuguese minimum wage/mo) x 24 = €16,920

For each daughter: €211.50 (30%) x 24 = €5,076 (x2)

Total: €27,072 ($29,946) as of today Mar 19,2022


This is 2 years of Portuguese minimum wage.  The reason for 2 years is that your initial residence permit is now valid for 2 years, so the belief is that you need to show funds to sustain yourself for that period of time.

Of course when you read all the forums and blogs, Facebook, etc. you encounter many varying stories of what was needed by individuals so this is simply my understanding and should not be taken as set in stone in any way.



To post a reply, sign up and become a member!


By becoming a valued Premium Member today, your support will help the team continue to bring you useful content about life in Portugal. You can also:

JOIN TODAYOnly €25 per year

Join our community for Free, or subscribe for exclusive member-only content, support and hundreds of €’s in savings

Your membership comes with a 14-day, no-risk, money back guarantee. Love it or we’ll refund your money.

Community Member

Full access to our community Forum
  • Full access to community Forum

Premium Member

Exclusive member-only content
€97 Year
  • Full access to community Forum
  • Browse the forum advertising-free (only see our partners)
  • Unlock your ‘12 part Moving to Portugal" guide
  • Guaranteed entry to our webinars
  • Savings & freebies from our partners
  • Receive community support
  • Personal email support
  • Receive exclusive video content
  • And help us grow this website and community

Premium Plus

  • We are no longer taking applicants for this program
  • Look out for new features on our new site coming soon

Copyright © 2022 Expats Portugal

Marketing by Unity Online