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Any success getting bank account remotely?

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Posts: 79
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Topic starter
(@jordan_zimmerman)
Trusted Member
Joined: 11 months ago

As far as I can tell, it's now impossible for someone to get a Portuguese bank account remotely. We've been waiting almost 3 months on Atlantico who tell us each time we call that we are in the final stages (we've been this way for 2 moths). My lawyer tells me that it's not possible to do with a power of attorney either. We decided to go ahead with the visa application anyway (we went to our local embassy in Panama last Monday). We showed the the Atlantico emails that show we're "in progress" and they didn't say anything so, I don't know. 

Thoughts? Advice? Are we going to get rejected?

32 Replies




Posts: 0
 Anonymous
Joined: 52 years ago

Are you worried about being rejected for residency because you don't heave  Pt. bank account? I have not read anything that says your funds used to support yourself must all be in this country. When we went to our SEF meeting/interview we had our bank statements from our US accounts and we did have  sheere

@peggyL

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Premium Member
(@jordan_zimmerman)
Joined: 11 months ago

Trusted Member
Posts: 79

@peggyl Yes - we heard that having a Portuguese bank with a year's worth of funds (based on minimum wage) was a requirement. We can get the account once we get to Portugal but we need to initial visa to do that. My concern is that the initial Visa will get rejected because we don't have a bank account there yet.

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 Anonymous
Joined: 52 years ago

Posts: 0

@jordan_zimmerman

Jordan, this is an un-edited c  ops directly from the SEF.pt site

APPLYING FOR A VISA (SHORT STAY VISA/TEMPORARY STAY VISA/RESIDENCE PERMIT)

Residence permits, for temporary stay or short stay, to third country nationals are issued on the following general conditions only:

  • Having not being subject to a removal measure from the Country and within the ban period of entry into the national territory, following a removal from the country;
  • Do not have an alert in the Schengen Information System for purposes of refusing entry by any of the Contracting Parties;
  • There is no indication in SEF Integrated Information System for non-admission purposes under article 33;
  • Having means of subsistence, as defined by decree order of the Members of the Government responsible for home affairs and social security areas;
  • Having a valid travel document;
  • Having a travel insurance.

I WENT FURTHER INTO THE SEF SITE AND FOUND THIS LIST OF REQUIRED DOCUMENTS (I M NOT SHOUTING JUST WANT TO DISTINGUISH MY WORDS FROM THE COPY & PASTE.

Required documents

In order to apply for a visa, you need:

  • a passport with at least two empty pages. The passport should have been issued within the last 10 years.  The passport must be valid for at least 3 months beyond the date on which you intend to leave the Schengen territory, or, in the case of multiple journeys, the date on which you intend to leave after the last stay. 
  • a visa application formSearch for available translations of the preceding link completed and signed.

    Any person appearing in your travel document must complete a separate application form. The visa application form for a child under 18 must be signed by a parent or guardian.

  • a recent identity photograph conform to ICAO standardsSearch for available translations of the preceding link.
  • in the countries where the Visa Information System is operational your fingerprints will be collected when you submit your application (exemptions exist for specific categories of applicants).
  • a visa feeSearch for available translations of the preceding link to be paid when you submit your application
  • a service fee to be paid if you are requested to submit your application at the offices of a service provider.
  • a travel medical insurance covering emergency medical, hospitalisation and repatriation (including in case of death). The minimum cover should be of 30.000 EUR. This insurance must be valid for the entire Schengen area and throughout the duration of the stay.
  • various documents relating to the purpose of your stay, evidence of means of support during your stay and your accommodation.

The complete list of documents can be consulted on the website of the consulate. During the processing time the consulate may, in individual cases, ask you to submit additional information or documents or you may be contacted for an interview.

NO WHERE, IN ANYTHING THAT I READ DOES IT SAY YOU MUST HAVE A PORTUGUESE ACCOUNT, NOWHERE. I DID NOT HAVE A PORTUGUESE ACCOUNT WHEN I WENT FOR MY SEF APPOINTMENT. I DID HAVE THE CURRENT BALANCE OF THE ACCOUNTS IN THE USA ON THE FINANC IAL INSTITUTIONS LETTERHEAD.

@peggyL

 

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Premium Member
(@bonniem)
Joined: 11 months ago

Trusted Member
Posts: 65

@jordan_zimmerman

It seems to depend on the consulate to which you are applying.

At the San Francisco consulate, they are now requiring a NIF, a 6-month rental contract (not airbnb or hotel) AND a bank account...before your VFS appointment which must be in person. However, Washington DC doesn't require those three things, or an in-person interview, according to what others have experienced. My point is that each consulate seems to be  different.

I'm in California and I opened a bank account remotely from here with Abanco. It required that several documents be emailed to them, then a video conference, then actually sending hard copies of the same documents, plus a couple of others that the bank sent me via email,  (with the name signed exactly as on my passport). Upon receipt, they opened my account and emailed my account number.  Then I used TransferWise to transfer money into my account. After that, they sent me a statement showing that I had funds deposited.Took a total of about 10 to 12 days.

I didn't see anything that really verified a specific amount the consulate wanted to see in an account, but I put in what was about what a yearly minimum wage would be in Portugal. I figured I'd spend it there anyway!

Good luck! 

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Posts: 112
Premium Member
(@livinginusa)
Estimable Member
Joined: 1 year ago

@jordan_zimmerman I enlisted the services of EI! (a Site Sponsor) a few months back and had no problems whatsoever acquiring a NIF and Bank Account while living in North Carolina.  I see you are a Premium Member, so you'd be eligible for a discount.......just my $.02

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8 Replies
Premium Member
(@bigdhombre)
Joined: 1 year ago

Eminent Member
Posts: 23

@livinginusa Hi, can you tell me how you sent sensitive info like social security numbers to open the bank account remotely? I am about to start the process to open an account with Millennium Bank. I've been emailing, but not sure if that is the best way to send SSN. Obrigado.

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Premium Member
(@livinginusa)
Joined: 1 year ago

Estimable Member
Posts: 112

@bigdhombre Social Security Numbers were sent directly to Cristina, our Representative at EI! via encrypted email. Cristina then personally provided them to our Bank Representative directly.

Hope that helps....

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Premium Member
(@bigdhombre)
Joined: 1 year ago

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Posts: 23

@livinginusa Great I will try this approach. Thanks!

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Premium Member
(@jgibson)
Joined: 9 months ago

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Posts: 235

@livinginusa

 

which encrypted email service do you use?

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Premium Member
(@livinginusa)
Joined: 1 year ago

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Posts: 112
 MaxG
Premium Member
(@maxgravy)
Joined: 1 year ago

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Posts: 194

@bigdhombre We also used Ei! to get our NIF and open an account at Millennium. They both called us to get our US social security numbers.

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Premium Member
(@bigdhombre)
Joined: 1 year ago

Eminent Member
Posts: 23

@maxgravy Interesting, I've been working with Ei for the NIF, although all communication so far has been through email. Thanks for this info, looks like I have several ways to move forward.

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 Anonymous
Joined: 52 years ago

Posts: 0

@livinginusaThank You. I am so very glad that you were able to have the help of Ei to get all those things done. We have been here since 2017 & purchased our 1st house in 2017. We are on house #2 now. Things were a little different back then. A lot of rules & restrictions have been re-evaluated based on the issues of COVID restrictions. Seems like no matter how much I read, there is always something changing. 

The important thing is that you are all taken care of. Hope to see you here in sunny Pt. soon.

@peggyL

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Posts: 133
 tdn
Community Member
(@tdn)
Estimable Member
Joined: 10 months ago

We are also using help of EI! They have been great - quick to respond, prompt to the point, very attentive. And, the most important, experienced!
With their POA template we’ve notarized our POA while in the US and received our NIFs. EI! also coordinated a connection with the Millenium bank which has contacted us to collect an additional personal data for opening a bank account. It’s the second week we are in this NIF/bank account process. No issues or obstacles. 
As other members mentioned, you can find the EI! contacts here, on EP, and being a premium member get 10% discount. 
good luck!

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5 Replies
Premium Member
(@jgibson)
Joined: 9 months ago

Estimable Member
Posts: 235

@tdn

We also received our Nif last week working through Ei waiting patiently for Millennium to contact us to move forward 

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 tdn
Community Member
(@tdn)
Joined: 10 months ago

Estimable Member
Posts: 133

@jgibson

congrats! One step closer to your goal, John! For us, it took less than 2 weeks to set up our account. I hope yours will be efficient as well. Was the process of opening a bank account the last hurdle for you getting the visa package completed?

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Premium Member
(@jgibson)
Joined: 9 months ago

Estimable Member
Posts: 235

@tdn

not in big rush on completing D7 application shooting for next May for the move 

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Premium Member
(@nick-dallas)
Joined: 6 months ago

New Member
Posts: 2

@tdn

Hi Tdn - I am also working with EI for the D7 visa, but am managing the account opening on my own as I had some contacts at Millennium Bank from my previous visit to Lisbon. Do you recall which documents you needed to provide to open the account remotely. Many thanks in advance, Nick

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 tdn
Community Member
(@tdn)
Joined: 10 months ago

Estimable Member
Posts: 133

@nick-dallas

Hi Nick, 

sorry for a delay, as we were getting ready to fly to Lisbon. just arrived. 

We had Vera Tomé, our contact @Millenium, established and facilitated by Ei through our power of attorney, helping us to open an account. Vera requested the following documents from us as a couple:

- proof of profession / job (example: salary receipt, employer's statement) – both - (need a document);

- copies of your driver’s licenses – front and back, or a proof of address with a recent date of issue - both;

- US social security number - both;

- US cellphone number – both;

- Marital status and how many children – just information – don’t need a document;

- Email addresses;

- Financial assets – just information – don’t need a document;

- Real estate - just information – don’t need a document.

All the above documents had to be notarized prior to submitting to Millenium.

You should check with your contacts at Millenium if they need any additional documents, as I am not sure, whether Ei provided any other documentation related to us on our behalf.

Best,

Tatiana

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Posts: 15
 FAJ
Community Member
(@faj)
Active Member
Joined: 11 months ago

i too will try to open a PT bank account remotely.  Looking at CA as they are the closest bank to where i'll be living.

 

How much do Ei charge to open a bank account for you?

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2 Replies
Premium Member
(@jordan_zimmerman)
Joined: 11 months ago

Trusted Member
Posts: 79

@faj the biggest expense was the NIF. The bank account (currently in process) wasn't much more. But, I'll let Ei detail their pricing.

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Premium Member
(@kevin-wilson)
Joined: 6 months ago

Active Member
Posts: 6

I can confirm the information requirements. I just opened my account, it took three hours. I walked away with an account, debit card, and functioning iPhone app. Expect to put down a deposit of 250€. If you put in 7000€ you can get many benefits without fees. But do expect to pay 8€/month to maintain an account.

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