Free business accounts in Portugal: what is really free

Snapshot

Fully free business accounts are uncommon in Portugal. The closest options are neobank free tiers from Revolut Business and Finom, and Wise Business, which charges no monthly fee but applies a one time opening fee of around 50 euros. Traditional banks normally charge a monthly maintenance fee plus the 4 percent stamp duty, the imposto do selo, on many commissions.

Free tiers: Revolut Business and Finom offer a free entry plan with limited transactions
No monthly fee: Wise Business, with a one time opening fee of about 50 euros
Stamp duty: Imposto do selo, commonly 4 percent on banking commissions
Watch for: Per item charges, transfer limits and currency conversion costs

Fees and features as of 29 January 2026Last reviewed 29 January 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 29 January 2026, there is no fully free business account in Portugal in the sense of zero cost for everything. The closest options are neobank free tiers from Revolut Business and Finom, which include a current account, a card and a small number of transfers each month, and Wise Business, which charges no monthly fee but applies a one time opening fee of around 50 euros. Traditional banks such as Millennium BCP and Caixa Geral de Depositos normally charge a monthly maintenance fee. A 4 percent stamp duty, the imposto do selo, applies to many banking commissions, so a free plan can still carry small charges. Compare the total cost for your usage with the provider before applying.

What free means for a business account in Portugal

A free business account usually means no monthly plan fee, not zero cost for every action. Neobanks such as Revolut Business and Finom offer a free entry tier that covers a current account, at least one card and a set number of transfers each month, then charge once you pass the limit and for extras such as instant transfers, non SEPA transfers and currency conversion. Wise Business charges no monthly fee but applies a one time opening fee of around 50 euros. Traditional Portuguese banks normally charge a monthly maintenance fee, the comissao de manutencao. As of 29 January 2026, confirm the current plan terms with the provider, since they change.

The charges that survive a free plan

Even on a free tier, a few costs remain. The imposto do selo, a stamp duty commonly at 4 percent, applies to many banking commissions and is added on top of chargeable items. Currency conversion carries an exchange spread, transfers above the plan limit cost extra, and some cards or instant transfers carry their own fee. So a free headline can still mean a small monthly bill once normal use is counted. As of 29 January 2026, ask the provider how stamp duty and per item fees apply to your account.

When a paid plan costs less than a free one

A free tier suits a sole trader or a small company with few transactions and little currency conversion. A business with many transfers, team cards or regular cross border payments often pays less on a paid plan with higher included limits and a lower exchange spread than on a free tier billed per item. The right comparison is the total cost for how you actually bank, not the monthly headline. As of 29 January 2026, compare the full price list with the provider.

How to compare a free account fairly

List your typical month: transfers, cards, currency conversions and any cash needs.
Price that usage on each free tier, adding per item charges and the 4 percent stamp duty where it applies.
Compare the result against a low cost paid plan, since higher limits can work out cheaper for active accounts.

Compare business accounts available in Portugal

These providers serve business customers in Portugal. Fees and eligibility shown as of 29 January 2026. Confirm current terms with the provider before applying.

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Questions about free business accounts in Portugal

Is there a truly free business account in Portugal?

Fully free business accounts are uncommon. Some neobanks offer a free entry tier with limited transactions, such as Revolut Business and Finom, and Wise Business charges no monthly fee but applies a one time opening fee of around 50 euros. Traditional banks normally charge a monthly maintenance fee plus the 4 percent stamp duty. As of 29 January 2026, confirm current terms with the provider.

What do free neobank tiers in Portugal actually include?

Free tiers usually include a current account, at least one card and a small number of transfers per month, with charges once you pass the limit and for extras such as instant or non SEPA transfers and currency conversion. Revolut Business and Finom offer a free tier, while Qonto starts from a paid plan. As of 29 January 2026, check the included limits with the provider.

Does a free account still incur the imposto do selo in Portugal?

The imposto do selo is a stamp duty, commonly 4 percent, that applies to many banking commissions in Portugal. A free monthly plan can still attract stamp duty on chargeable commissions such as certain transfers, so a free headline does not always mean zero cost. As of 29 January 2026, confirm how it applies with the provider.

Is a free account enough for a business in Portugal?

It can be for a sole trader or a small company with few transactions and little currency conversion. Businesses with many transfers, team cards or cross border payments often save more on a paid plan with higher limits and a lower exchange spread than on a free tier with per item charges. As of 29 January 2026, compare the total cost for your usage with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 29 January 2026. Confirm current terms with the provider before applying.