Close a Bank Account in Portugal

Searching for Close a Bank Account in Portugal Service? Customer reviews to help you select from the best, most experienced Lawyers in Portugal

How clients rate our Close a Bank Account Service...

Advocate Abroad seeks client feedback to ensure continued high-quality service provision.
Expertise in her field, Good understanding, and great in communication, finding ways that work best for her clients. Honest and well spoken.
Fernando Carvalho
Fernando Carvalho
30 Nov 2023

Service Details

Close a Bank Account

This service is available across Portugal

Who Is This Service For?

This service is aimed at expats, residents, or individuals with banking relationships in Portugal who wish to close their Portuguese bank accounts. 

It is particularly suitable for those relocating, managing the estate of a deceased loved one, consolidating banking services, or seeking better banking terms elsewhere.

Who Is This Service For?


To close a bank account in Portugal, the account holder must ensure:

  • The account does not have a negative balance.
  • All direct debits and standing orders are redirected or cancelled.
  • Any debts or credits linked to the account are settled.
  • No unused payment instruments (e.g., cards, chequebooks) are held by the account holder.


  1. Consultation and Assessment: Evaluate the client's current banking situation, including any debts and linked services.
  2. Document Preparation and Submission: Assist in completing and submitting the necessary paperwork for account closure.
  3. Closure Notification: Notify the bank in writing of the intent to close the account, respecting any required notice period.
  4. Settling the Account: Ensure the account balance is zero by either transferring out remaining funds or settling any negative balance.
  5. Confirmation and Proof of Closure: Obtain and provide the client with proof of account closure.

Benefits of this Service

  • Expert Guidance: Professional assistance in navigating the Portuguese banking regulations and closure procedures.
  • Streamlined Process: Efficient handling of the closure process to minimize hassle and time.
  • Financial Clarity: Ensure all financial obligations are settled to avoid future complications.
Benefits of this Service

Key Features of this Service

  • No Closure Fee: In Portugal, banks are prohibited from charging a fee to close an account for consumers and microbusinesses.
  • Management of Linked Services: Coordinate the cancellation or transfer of any services linked to the account.
  • Compliance with Local Regulations: Adherence to Portuguese banking laws and norms during the closure process.
  • Joint Account Considerations: Manage the closure process for accounts with multiple holders.
  • Redirecting Financial Transactions: Assist in redirecting income streams to a new account and ensuring all direct debits are transferred.
Key Features of this Service

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

Call Us
Email Us
Loading form...

Call us Now

Office hours: 9am - 9pm CET Monday - Friday