Opening a Bank Account in Portugal

Hi! If you are collecting Social Security, maybe you can use the cost of living adjustment letter that was sent out or the end of year statement. Just a thought. I hadn’t started to collect Social Security at the time but I provided my annual statement when I opened my bank account. Good luck.

Hi,

I'd suggest trying different banks as I've opened several bank accounts here both before and after retirement age and as a non-resident but not provided information about employment or retirement. The easiest for me was the  Millenium-BCP owned on-line Activo bank and their "simple" account with no monthly charge but other people have had issues with them.

Hi,

Why don't you get information about this in a portuguese consulate in the USA? That question applies to banks, but also to the proof of income to be submitted to the SEF.

Experience sharing about Visas to Portugal (D7 & others)

https://www.expat.com/forum/viewtopic.p … 60#5334399

(Post #4 - USA)

Best Regards

Cynthia, we opened an account with Millennium BCP a few months ago and they didn't fuss much about the source of income. We don't have an active source of income other than savings and investments. We gave them copies of our 1040 tax returns along with a copy of a checking account with less than $5,000 in it and a couple of statements from our brokerage accounts showing Dividends. There were no questions and was fairly routine. As others also suggested,  trying a different bank, like Millennium, is worth exploring. Find the path of least resistance.