Novo Banco Conta 351 or Millennium Mais Portugal: Which Is Better in Portugal? (2026)
The short answer
Millennium BCP wins for most non-residents because it offers three concrete opening routes, including offices abroad. Americans should invert the pick: Novo Banco is the bank 2026 sources consistently name as accepting US clients.
Row by row
Fees verified August 2026 against each provider's published data
| Criterion | Novo Banco Conta 351 | Millennium Mais Portugal |
|---|---|---|
| Remote opening route | Representative offices in UK/CH/FR plus intermediaries; Novo Banco remote route disputed in 2026 sourcesWins | |
| Monthly feeWhat holding the account costs every month | ~EUR 5-7 bothTie | ~EUR 5-7 bothTie |
| Minimum deposit | ~EUR 250 bothTie | ~EUR 250 bothTie |
| Nif prerequisite | Reported to start with foreign tax number in some casesWins | |
| Us-citizen handling | 2026 sources name Novo Banco as the established FATCA-friendly optionWins | |
| Branch network | ~695 | ~400 branchesWins |
| Statement credibility at aima | Both are supervised Portuguese banks with PT IBANsTie | Both are supervised Portuguese banks with PT IBANsTie |
| English supportApp, contract and helpline language | Strongest English documentation per expat guidesWins |
So which one
Pick Novo Banco Conta 351 if
- You are a US citizen or want the +351 non-resident product line.
Pick Millennium Mais Portugal if
- You want a representative office abroad or the largest branch network.
Other comparisons
6 more pairsHow we compared these two
The criteria are fixed
Every comparison on this site uses the same 8 rows in the same order, so two pages can be read against each other. We do not add a row because one side happens to win it.
A win is a stated threshold
A row is won on the published number or capability, not on judgement. Ties are declared rather than broken. Figures come from provider price lists and official sources.
How we get paid
Both links earn a commission at the same rate, so the winner of a row is never the higher-paying one. Fees come from each provider's own published price list, not a comparison feed.
Sources: provider price lists and official data, accessed August 2026. Next review: November 2026.
Frequently Asked Questions
Which is better, Novo Banco Conta 351 or Millennium Mais Portugal?
Millennium BCP wins for most non-residents because it offers three concrete opening routes, including offices abroad. Americans should invert the pick: Novo Banco is the bank 2026 sources consistently name as accepting US clients.
When should I pick Novo Banco Conta 351?
You are a US citizen or want the +351 non-resident product line.
When should I pick Millennium Mais Portugal?
You want a representative office abroad or the largest branch network.