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Opening a bank account

Falkirk Region
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20 posts
4 reviews
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Opening a bank account

I need to open a bank account as I now have a holiday home Portugal. The general advice is to open an account in a bank near where you live. The nearest one to me is the Credit Agricola in Alcoutim. Is this bank any good ? or are they all much the same?

4 replies to this topic
Algarve, Portugal
Destination Expert
for Vilamoura, Algarve, Portugal
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1. Re: Opening a bank account

Since you have purchased a holiday home, I guess you have a lawyer? Let him recommend a bank to you.

Falkirk Region
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20 posts
4 reviews
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2. Re: Opening a bank account

Solicitor not fussed what bank I go to.... just as long as I open an account for my Direct Debits

Algarve, Portugal
Destination Expert
for Vilamoura, Algarve, Portugal
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3. Re: Opening a bank account

According to the Yellow Pages, there are two more banks in Alcoutim: Caixa Geral de Depositos and Banco Esprito Santo.

If you like, post your question on http://algarve.angloinfo.com/forum/ and you may get an answer from someone who lives in the area.

Albufeira, Portugal
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for Algarve, Faro
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48,907 posts
32 reviews
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4. Re: Opening a bank account

Don't forget you need fiscal number (tax number) before you can open an account. Your lawyer will advise you of the process if you don't already have one.

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