What is a basic bank account?
Access to the credit intermediary activity
List of authorised credit intermediaries
How to protect yourself from online fraud?
Know your rights when making payments in Europe.
Do you know what the gross domestic product is? What about inflation? (only in Portuguese)
Key tips to protect yourself when choosing online or mobile banking services.
Credit institutions must provide bank customers with an account statement containing information on the transactions on their deposit account.
The statement should identify, at least:
start and end dates of the period to which the statement refers;
dates of transactions;
value date of transactions;
description of the operation to which the transactions refer;
amounts and nature of the transactions (debit or credit);
the currency of denomination;
accounting balance resulting from the transactions;
balance available at the end of the period;
confirmation of the eligibility of deposits for the purposes of the deposit guarantee scheme, through reference to the depositor information template.
In some accounts, the information regarding the transactions on the account can be provided through a banking passbook made available to the customer.
Statements must be made available on a monthly basis, unless there have been no account transactions (in which case an annual statement must be made available).
In January of each year, credit institutions must also provide bank customers with a statement of fees.
The statement of fees contains information on all the fees charged for services linked to the current account during the preceding year. It may also include, where applicable, information on interest paid and earned.
The statement of fees has a standardised format and symbol, as set by the European Commission and it contains the title ‘Statement of Fees’ at the top of the first page.
The customer will find the following information in the statement of fees:
the unit fee charged for each service and the number of times the service was used;
the total amount of fees charged for all services provided during the previous year;
the overdraft facility interest rate, where agreed upon, or possible credit overrunning and the total amount of interest paid;
the compensatory interest rate applied to the relevant current account, where applicable, and the total amount of interest earned.
The credit institution sends the statement of fees through its usual means of communication. Bank customers may receive the document by regular post, email, or through their institution’s homebanking or app.
If the statement of fees is sent by email, the email message must contain the term ‘statement of fees’ in its subject.
If it is provided through the institution's homebanking or app, the institution must provide the bank customer, either by email or SMS, with information about the site or app location where the customer can access the statement of fees.
Institutions are also required to provide depositors with the depositor information template at least once a year in the medium and through the means of communication agreed with the customer to provide periodic information on the deposit.
Credit institutions are required to provide two types of balances:
This corresponds to the result of all credit and debit transactions made to the account.
It includes, in particular, the amounts corresponding to deposits in cheques before their funds are made available. These amounts are considered when determining the balance of the accounts, but because they are not yet effectively available, their use before their respective value date may imply the payment of interest or other charges.
The accounting balance may be negative. This happens when customers make short-term withdrawals or when they use amounts made available by the credit institution as a credit facility (as in so-called “salary accounts”).
This corresponds to the amount that can be used without the payment of interest or any other charges.
It does not include, in particular, amounts relating to credit facilities (authorised overdrafts or early withdrawal of deposited amounts pending good collection), the use of which would imply payment of interest or other charges.
Credit institutions may make other balances available. Customers should ask the institution for information on how to calculate them.
Information relating to credit facilities associated with the account in question, such as the maximum amount of credit available or the amount available at any time, is not included in the available balance or in the accounting balance. This information can be obtained from the credit institution or through other means provided by the credit institution.
Decree-Law No 107/2017 (only in Portuguese)
Notice No 4/2009 (only in Portuguese)
Notice No 7/2016 (only in Portuguese)
Video on statements of fees (only in Portuguese)
Decoder on statements of fees (only in Portuguese)
Circular Letter No CC/2019/00000083
Credit – What it is and types of credit (overdraft facilities)