Yes. A credit institution may immediately terminate a basic bank account when:

• the customer has deliberately used the basic bank account for purposes contrary to the law;

• the customer provided incorrect information to obtain the basic bank account, when he/she did not meet the respective access requirements.

The institution may also terminate a basic bank account, with effect 60 days after the closing notice, when:

• the basic bank account has not been transacted (debited or credited) for at least 24 consecutive months;

• the customer has ceased to be a legal resident in the European Union;

• the customer holds another current account with a credit institution in Portugal, which allows him/her to use the products and services included in the basic bank accounts.