ActivoBank
Local bankDGS €100k protectedBest for: Online-first bankingBest for: No-fee accountBest for: Mobile-first
Pros & Cons
Pros
- Deposit protection: DGS €100k (PT — Fundo de Garantia de Depósitos)
- Digital-first Portuguese bank (BCP group)
- no-fee account
- mobile-first
Cons
- —
Rating breakdown
Foreigner onboarding67
USD handling20
Transfers75
Value & fees30
Licence & deposit protection
DGS €100k protectedDGS €100k (PT — Fundo de Garantia de Depósitos)
This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.
- Licence
- Bank · Banco de Portugal
- IBAN
- PT
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Editorial review
ActivoBank is a licensed bank (Banco de Portugal), so eligible deposits carry DGS €100k (PT — Fundo de Garantia de Depósitos).
It is a local bank licensed in PT supporting EUR. FX model: Card-network rate + markup.
It tends to suit online-first banking, no-fee account, mobile-first.
Fees & terms
- Exchange rate
- Card-network rate + markup
- Card cost
- Free
- Currencies
- EUR
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out, SWIFT in/out
- Payments
- Apple Pay, Google Pay
- Licence
- Bank — Banco de Portugal
- IBAN
- PT
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- Card-network rate + markup
- Opening requirements
- Needs NIF/residency; largely remote opening
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Portugal
Also consider
FAQ
- Is my money protected?
- Yes. ActivoBank holds a full bank licence (Banco de Portugal), so eligible deposits are protected by DGS €100k (PT — Fundo de Garantia de Depósitos).
- What IBAN and transfers?
- ActivoBank issues a PT IBAN. SEPA Instant: send + receive.
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: Needs NIF/residency; largely remote opening.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Updated: Dataset compiled: