Question 1

How much money should I show on bank statements for the D7?

Accepted Answer

Short answer: At least 12× monthly minimum subsistence (~€10,440 in 2026), but most consulates prefer 1.5-2× as a safety margin.The legal minimum is 12 × IAS (~€870 × 12 = €10,440). Consulates often want to see the funds sustained for 6+ months, not just spiked the week before filing. Show €15-20k for a comfortable margin. Our Visa Advisor projects this based on your inputs.

Question 2

Which Portuguese bank is best for expats?

Accepted Answer

Short answer: Depends on residency status — Bordr or ActivoBank for remote opening, Millennium or Santander for branch-heavy post-arrival service.Bordr is the easiest remote opener (no Portugal travel needed). ActivoBank suits digital-first expats. Millennium BCP and Santander have branch networks for in-person needs (mortgage, large transfers). See our banking guides.

Question 3

Can I open a Portuguese bank account remotely?

Accepted Answer

Short answer: Yes — several Portuguese banks (Bordr, ActivoBank, Novobanco, Millennium) accept remote applications with NIF + ID + proof of address.A Portuguese bank account is required for D7 subsistence proof and routine post-arrival life. Open it BEFORE filing your visa so the consulate sees the funds parked locally. Greenlight's Visa Journey lists current options + onboarding times. Read our guides on opening a Portuguese bank account remotely.