Opening up a bank account is relatively simple if you have the
necessary documents. To open up a bank account, you'll need to fill in
a couple of forms. While every bank might have its own requirements, in
general you can expect to fill in an application form, client details
and acceptance of the bank's rules and conditions. For EU citizens,
you'll also need your passport or identity card, tax number and card,
residency card and proof of residence. Non EU citizens will need a
passport, proof of home address in country of origin, tax card and an
employment contract.
The Multibanco system is the most convenient way to access your
money. It offers easy ATM access to your money by connecting a number
of local banks in its network. It also acts as a debit card and can be
used to swipe your payments at supermarkets, cafes, shops etc. Another
added beneift of the Multibanco card is that you can also opt to use it
as a credit card. If your card has both debit and credit card options,
you need to specify at the time of transaction whether you want the
payment from your credit or your debit account.
Some of the key banks in Portugal include:
Source:
http://www.worldwide-tax.com/portugal/porinvestbanks.asp