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How to open your savings account at Openbank?

Learn today how to open an Openbank savings account and enjoy all its benefits, such as a Mastercard debit card and ZERO annual fees!

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Understand how to open your Openbank savings account

Find out how to open your Openbank savings account. Source: Youtube Openbank.

Opening an Openbank savings account can be a good deal for anyone who wants to save money and see it pay off.

Therefore, find the step-by-step application process below!

card

Savings account

Openbank

MasterCard Zero annual fees

Free withdrawals across the European Union, membership entirely online.

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Step by step to open your account for free at Openbank

Homem entendendo como abrir Conta Poupança Openbank
Learn here how to open an Openbank Savings Account. Source: Pexels.

Before we see the process of how to open an Openbank savings account, a caveat: this is a financial product exclusively for residents of Portugal who are at least 18 years old.

Request online

To do this, first go to the website https://www.openbank.pt/conta-poupanca. If you are not a customer of the brand yet, follow these steps:

  • Click on “Open account” and wait for the page to redirect. Afterwards, enter your personal details, such as your identity number, first name, date of birth and home address.
  • Then, accept the terms and conditions of service and wait for further guidance. Afterwards, you must provide proof of your identity. To do so, you must send identification via video or make a bank transfer. Finally, simply sign the contract and documents online. When doing so, you will need to enter the code that will be sent to your cell phone via SMS;
  • Then, complete the procedure and that's it, your account is open! So, in a few days you will receive your R42 debit card at your home to use with your Openbank savings and current account.

However, in this case you can open the Boas-Vindas Open savings account for new customers. On the other hand, anyone who is already an Openbank customer simply opens their savings account directly. To do so, simply log in to internet banking, find the savings option and request it.

Request via the app

Likewise, you can also request your Openbank savings account through the app. In this case, once again, anyone who is not a customer of the institution must register, accept the conditions and provide proof of identity, as well as sign the opening document electronically.

However, anyone who has a current account at the institution can log in directly and then find the savings account option, requesting its opening.

Recommended alternative: Openbank current account

Furthermore, Openbank does not just offer savings accounts.

In fact, it also has a free checking account that can be the solution to your problems, facilitating your payments and financial transactions. Finally, to find out which one best fits your life and what you are looking for, check out the comparative table of both alternatives, below:

Openbank Savings Account Openbank account
FeesFreeFree
BenefitsFree withdrawals in the European Union at Santander bank accounts; Up to 5 free monthly withdrawals from 24-hour ATMs; Free account; Online membership; Free R42 debit card; Account pays off from day one; Savings protected by European directive 2014/49/EU;Free withdrawals in the European Union at Santander bank accounts; Up to 5 free monthly withdrawals from 24-hour ATMs; Free account; Online membership; Access to the R42 debit card.
logo openbank fundo branco

How to open an account with Openbank?

The Openbank Current Account has several advantages, such as a free account and online membership. See here how to open yours!

About the author  /  Aline Augusto

My name is Aline Mesquita, I'm a writer here on the blog, where I write about finance in general, as well as other topics. I have been working with content creation for 10 years, with a postgraduate degree in Project Management, with expertise in SEO practices, in addition to studying finance, market trends and cryptocurrencies.

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