Finances

Financing Opportunity and Scholarships

The attendance of a training program at FEUP can be financed through scholarships and research awarded by external institutions, government entities or partner institutions of the University through the conclusion of national and international agreements and consortia.

Among the institutions that provide this type of support include the Diplomatic Portal, the Camões Institute, the Foundation for Science and Technology (FCT), the Santander Universities Program , the Calouste Gulbenkian Foundation or the Aga Khan Foundation

FEUP offers scholarships in several research areas.
To find out more about the research grants you should consult the news area of ​​the Portal.

Opening a Bank Account

If you are thinking of moving, have just arrived in Portugal, opening a bank account in Portugal could make everyday life much simpler. Opening a bank account in Portugal is simple and fast. You will want to pick carefully, and to know how to identify strong points.

This is what you should look out for:

  • How simple is it to open an account?
  • What is the minimum amount required to open an account?
  • What services does the bank offer?

Finding a bank which charges low commission or does not charge for regular services could be good for your savings.

Besides this, there are some factors which can affect everyday life:

  • Monthly commissions;
  • Maintenance charges for credit or debit cards.
  • Communication with your account manager. Look for a bank where you can communicate in English;
  • Cost and speed of international transfers;

Before opening your bank account you will need to present a number of documents and information to help your bank learn more about you. Generally your new bank will require:

  • ID (Passport or, if you are an EU citizen, national ID card);
  • Your national tax number and your Portuguese tax number (a temporary number will do), along with valid proof;
  • Proof of address (such as rental contract or commodities bill);
  • If you work in the country you may be asked to present proof of employment, such as a payslip or a contract;
  • If you want to open an account for your child, you will need a birth certificate or equivalent.
  • Besides this information, you may also need to present a photograph, your contact information as well as proof of any nationalities which are not on your ID.

Finally, once your account has been opened, most Portuguese banks give you the possibility of doing online banking, such as paying bills, and transferring money.Besides this, you will have access to the many ATM machines around the country, from which you can withdraw cash, transfer money or make payments.

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