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Banking

Banking services, regulations, and financial products in Portugal.

Bank of Portugal Governor Publicly Censures Banking Sector Over Decade-Long 'Cartel' Case

Bank of Portugal Governor Publicly Censures Banking Sector Over Decade-Long 'Cartel' Case

The Governor of the Bank of Portugal, Álvaro Santos Pereira, delivered a rare public rebuke of the country's banking sector today, condemning the practices exposed in the now-expired "banking cartel" case and calling Portugal's legal prescription...

Parliament Demands Answers Over Centeno's 10,000-Euro Monthly Retirement Deal at Age 59

Parliament Demands Answers Over Centeno's 10,000-Euro Monthly Retirement Deal at Age 59

Portugal's parliament has voted to summon Banco de Portugal governor Alvaro Santos Pereira to explain the terms under which his predecessor, Mario Centeno, was granted early retirement at the age of 59 with a full pension estimated at around 10,000...

Portugal's Banks Deny Cartel at Parliamentary Hearing as Mortgage Holders Watch Closely

Portugal's Banks Deny Cartel at Parliamentary Hearing as Mortgage Holders Watch Closely

The chief executives of four banks operating in Portugal -- BCP, Santander, BBVA and Abanca -- appeared before Parliament on Wednesday to push back against allegations that they coordinated pricing behaviour in a way that harmed customers. The...

Banking in Portugal for Expats 2026: Local Banks, Revolut, Wise and What Actually Works

Banking in Portugal for Expats 2026: Local Banks, Revolut, Wise and What Actually Works

Opening a bank account in Portugal as an expat is straightforward if you know the process. Here is a practical guide to local banks, digital alternatives, and what the expat community actually uses in 2026.