Portugal, with its sunny climate, affordable living, and vibrant culture, is rapidly becoming one of the most popular destinations for digital nomads and remote workers. Whether you're based in Lisbon or working from the beautiful Algarve coast, managing your finances across borders is necessary for a smooth, hassle-free remote lifestyle.
With Grey, remote workers, freelancers, and digital nomads in Portugal can easily open US, UK, and EU bank accounts online, making international transactions faster and more convenient. This guide will show you how to set up your accounts and simplify global banking from Portugal.
Benefits of opening US, UK, and EU accounts in Portugal
Lower exchange fees: By holding US, UK, or EU accounts, you avoid the high conversion fees typically associated with international transactions. This is especially important for those who deal with international clients or suppliers. .
Faster international payments: Get faster access to your money by receiving funds directly in the transaction's currency without delays or conversion times.
Access to a broader market: With accounts in USD, GBP, and EUR, you can easily interact with global businesses and markets, whether you're a freelancer, business owner, or investor looking to expand internationally.
Who benefits from US, UK, and EU accounts in Portugal?
Freelancers and remote workers: Portugal is home to a growing number of digital nomads. With US, UK, and Euro accounts, freelancers can receive payments more quickly and in the currency of their clients, making their work more efficient.
Business owners: Those running businesses in Portugal or selling internationally can reduce exchange fees and simplify transactions with clients or suppliers abroad by holding multi-currency accounts.
Digital nomads: Portugal is a top destination for digital nomads. Having US, UK, and Euro accounts helps them manage their finances across different countries without the hassle of constant currency exchanges.
Expats and international students: Expats and students living in Portugal can benefit from having US, UK, or Euro accounts for easier transfers between their home countries and Portugal, saving on conversion costs.
Opening a Grey account is straightforward and can be done in minutes.
First, visit grey.co on your browser and sign up by creating an account with your email.
Then follow the prompts and ensure you enter your correct details for a seamless setup.
Next, you’ll need to verify your identity — a crucial step for meeting regulatory requirements. This process is particularly important for non-U.S. residents, as Grey specialises in providing accounts for individuals outside the United States.
Verification steps for opening accounts in Portugal
Prepare your documents: You’ll need a valid government-issued ID (passport, national ID card) and proof of address (such as a utility bill or bank statement). Upload the required documents in clear, readable format. You can upload images or PDFs of your ID and proof of address.
Document review: Grey will review your documents and verify your identity. This process typically takes anywhere from a few minutes to 24 hours depending on the clarity of the submitted documents.
Once verified, you’ll have access to your US, UK, and Euro accounts. This will allow you to manage your finances and transactions internationally with ease from Portugal. Get started today with a free Grey account.
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