What Is the Best Business Bank Account in Portugal? (2026)
The verdict
Updated August 2026. You run a company or freelance as an ENI: Finanças and Social Security debits need a Portuguese business account, and the fee is the recurring cost you control. bunq Business Free leads this ranking at no monthly fee. A Portuguese IBAN matters more here than anywhere: state debits and client transfers assume one. Fintech business accounts separate spend cheaply but their foreign IBANs are a handicap for state payments.
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Which bank account is best for freelancers and businesses?
bunq
bunq Business Free
Free entry tier for sole traders
- Free entry tier for sole traders
- Deposit-insured under full Dutch bank licence
- Per-transaction fee on free plan
- Monthly fee
- Free
- IBAN
- NL (foreign)
- Card included
- n/a
- English support
- n/a
- Opening time
- Minutes to 1 day
More details
- Fee waiver
- Free plan for sole traders: EUR 0.13 per transaction; Core EUR 7.99, Pro EUR 13.99, Elite EUR 23.99/mo
- Free ATM network
- Per plan
- How to open
- App KYC + business details
- Deposit protection
- EUR 100 000 guarantee
- Contracts
- Available in English
Prices as of August 2026, verify on the provider site.
Best for Freelancers and businesses who want the strongest overall fit.
bpi
Conta Valor BPI Negócios
Cheapest bank business package with POS
- Cheapest bank business package with POS
- Two debit and two credit cards included
- In-person branch opening only, no digital route
- Monthly fee
- EUR 4,99
- IBAN
- Portuguese (PT50)
- Card included
- n/a
- English support
- n/a
- Opening time
- 1-5
More details
- Fee waiver
- From EUR 4.99/mo + IS with active TPA (POS); EUR 7.99 without TPA; Empresas plans from EUR 29.99 (secondary source, verify preçário)
- Free ATM network
- Multibanco nationwide
- How to open
- Branch with company documents
- Deposit protection
- EUR 100 000 guarantee
- Contracts
- Portuguese only
Prices as of August 2026, verify on the provider site.
Best for Freelancers and businesses who need a different bank or setup.
novobanco
Solução Novo Negócio
Two free years for new businesses
- Two free years for new businesses
- Includes POS terminal (TPA) option
- In-person branch opening process is required
- Monthly fee
- EUR 8
- IBAN
- Portuguese (PT50)
- Card included
- n/a
- English support
- n/a
- Opening time
- 1-5
More details
- Fee waiver
- EUR 0/mo for companies with up to 2 years of activity; then NB Negócios Base EUR 8/mo + IS (preçário); Premium EUR 13.95/mo
- Free ATM network
- Multibanco nationwide
- How to open
- Branch with company documents
- Deposit protection
- EUR 100 000 guarantee
- Contracts
- Portuguese only
Prices as of August 2026, verify on the provider site.
Best for Freelancers and businesses who need a different bank or setup.
Compare two accounts
Already down to two? Each comparison declares a winner on every criterion that decides the purchase.
Ranked by: Monthly fee, read from each account's own record; business banking perks vary too much across banks to rank honestly on anything else.
Which Other Accounts Did We Compare?
The three above are picked from 49 current accounts in the catalogue. The full set lives on the bank and fintech overviews.
See the best bank accounts comparedFees, IBAN, English support and opening time side by sideFrequently Asked Questions
Does a freelancer legally need a separate account?
Organised-accounting regimes require one; simplified-regime ENIs are not obliged but Finanças direct debits and clean bookkeeping make one the practical default. Confirm your regime with your accountant.
Can I run a business on a fintech account?
Revolut Business and Qonto work for invoicing and cards, but their non-PT IBANs are rejected by some state systems; most businesses pair them with a Portuguese account.
What does a business account cost?
The fee row on each card states it from the bank's own price list; packages waive fees against balances or product bundles.
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