Getting paid in Portugal almost always means having a Portuguese IBAN, and most employers will ask for one in your first days at work. That makes a bank account in Portugal for workers one of the first practical tasks after signing a contract. Caixa Geral de Depósitos (CGD), the state-owned bank, is one of the largest banks in the country and has branches in most towns.

This guide explains the documents CGD and other Portuguese banks commonly request, the general order of steps, and the common obstacles for new arrivals. Requirements can vary by nationality, residence status and branch, so treat this as a general overview and confirm details with CGD directly.

Why a Portuguese account matters when you start a job

Employers in Portugal normally pay salaries by bank transfer to a Portuguese account. You will typically be asked for your IBAN when completing onboarding with HR or payroll. A local account also makes it easier to pay rent, utilities, and taxes, and to set up direct debits.

Opening an account early helps avoid delays with your first payslip. If your start date is close, bring up the timing with your employer, as they may be able to tell you how long they need to receive your bank details.

Documents usually requested by CGD

Each branch can apply its own checks within the legal framework, but new employees are commonly asked for the following:

  • Valid identification: a passport, national ID card (for EU citizens), residence document, or the Portuguese Cartão de Cidadão.
  • NIF (Número de Identificação Fiscal): the Portuguese tax number. Banks generally require it to open an account.
  • Proof of address: for example a rental contract, a utility bill or a residence certificate. Some banks accept a foreign address for new arrivals.
  • Proof of employment or income: an employment contract, a job offer letter or recent payslips.
  • Social security number (NISS): not always required, but useful to have if you already have it.

Bring originals, and ask whether copies or translations are needed if your documents are not in Portuguese, Spanish, French or English.

Getting your NIF first

The NIF is issued by the Portuguese Tax and Customs Authority (Autoridade Tributária e Aduaneira). Many people obtain it at a tax office (Serviço de Finanças) or through an authorised service. Some non-EU citizens who are not yet resident may be required to appoint a fiscal representative, so check the official rules on the tax authority's website.

Be careful with third-party services that promise a NIF for a fee. Compare them with the official process before paying anyone, and never share your documents with people you cannot verify.

How the process generally works at CGD

In broad terms, the process looks like this: you choose an account type, present your documents, the bank completes identity and compliance checks, and you sign the account contract. You are then given your account number and IBAN, and later receive a debit card and online banking access.

Timing varies. Some branches finish the process in one visit, while others ask you to return after checks are done. Ask the staff what the expected timeline is, and whether you can receive your IBAN in writing before the card arrives, since this is what your employer needs.

Account types and costs to ask about

CGD and other banks offer different current accounts, and the conditions change over time. Before you sign, ask for the official pre-contract information and check these points:

  • Monthly maintenance fee and any conditions that reduce or remove it
  • Debit card annual or issuance costs
  • Fees for transfers, especially international ones
  • Whether salary domiciliation changes the fee
  • Online and mobile banking access

Portuguese regulation also provides for a basic banking services account with limited features and regulated costs. If you have difficulty accessing a standard account, ask the bank about it, and consult the Banco de Portugal's consumer information for current rules.

Common problems and how to handle them

New arrivals sometimes face delays. The most frequent issues are a missing NIF, no proof of address yet, or documents that are not up to date. If you do not have a permanent address, ask the branch which alternatives they accept, such as a letter from your employer or a short-term rental agreement.

If an application is refused, ask for the reason and which documents could change the outcome. You can also compare with other banks, since policies differ. Keep copies of everything you submit.

Step by step

  1. Get your NIFObtain your Portuguese tax number through the official channels before approaching the bank.
  2. Gather your documentsPrepare your ID, NIF, proof of address and employment contract or job offer letter.
  3. Contact a CGD branchCheck the official CGD website or call a branch to confirm requirements and whether you need an appointment.
  4. Review and sign the contractRead the fees, conditions and account terms carefully before signing, and ask for copies.
  5. Share your IBAN with your employerOnce your account is active, send the IBAN to HR or payroll and activate your card and online banking.

Frequently asked questions

Can I open a CGD account before I start working in Portugal?

In some cases yes, but it depends on your residence status and the documents you can provide. Contact CGD directly to confirm what they accept in your situation.

Do I need a NIF to open a bank account in Portugal for workers?

Banks generally require a NIF to open an account. It is best to obtain it first, since it is also needed for your employment and tax obligations.

Is approval guaranteed if I bring all the documents?

No. The bank carries out its own checks and makes the final decision, so having complete documents improves your chances but does not guarantee approval.

Can I open the account online?

Some banks offer partly digital onboarding, but availability depends on your profile and the bank's current options. Check the official CGD website for what is offered.

What if my employer needs an IBAN urgently?

Tell HR about the timing. Once the account is open, ask the branch for a document showing your IBAN so you can pass it on before the card arrives.

Our verdict

Opening a bank account in Portugal for workers is mostly a matter of preparation: get your NIF, collect your ID, address and employment documents, and ask clear questions about fees before signing. Procedures differ by branch and personal situation, so confirm current requirements with CGD directly.

Once your account is active and your IBAN is with your employer, you will have taken one of the key steps toward getting paid and settled in Portugal.