ActivoBank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
ActivoBank suits anyone who wants a Portuguese bank account with no monthly fee and interest paid on savings they can still reach. It is a PT bank under Banco de Portugal, deposits sit in the EU scheme, and the savings rate of 2.5% is variable.
Key facts
- Best for
- Portuguese residents who want a fee-free account with reachable savings interest.
- Monthly fee
- €0↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currencies
- 30↗
- Transfer fee
- 0 EUR - ActivoBank charges no fee for the Wise international transfer service; only Wise's fee applies, a percentage of the amount sent that varies by currency and is shown before confirming↗
- Legal entity
- Banco ActivoBank, S.A.↗
- Headquarters
- Portugal↗
- Founded
- 1994↗
- Support channels
- Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- activobank.pt
Savings
Money transfer
- Exchange rate markup
- 0%↗
- Delivery time
- About a quarter of transfers arrive in a few seconds; others may take only a few minutes, estimate depends on destination currency, country, security checks and timing↗
- Payout methods
- Bank↗
- Fee to send 1,000
- €0↗
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- No monthly fee on the account, so nothing is deducted from your balance each month
- Savings interest of 2.5% at a variable rate, calculated daily and paid monthly
- Currency conversion carries a 0% margin across 30 currencies
- Balances are covered by the EU DGS up to EUR 100,000
Cons
- Support runs on phone and help centre only, so there is no live chat for quick questions
- Interest is capped at a maximum remunerated daily balance, higher on Plano AB Premium than on Plano AB Plus
- Only Wise's own transfer fee applies on international transfers, a percentage shown before you confirm
Who it suits
- Anyone living in PT who wants everyday banking without a monthly charge
- Savers who want interest on money they can still withdraw at any time
- People who send money abroad and want a low conversion margin
Who should look elsewhere
- Anyone wanting UK or US deposit protection, since the EU DGS up to EUR 100,000 is the EU scheme only
- People who need live chat support, as support runs on phone and help centre
Rates and card terms
The account itself carries no monthly fee, and the savings side pays 2.5% at a variable rate.
How ActivoBank compares
9.2 vs 8.7
9.2 vs 8.6
9.2 vs 8.0
9.2 vs 8.9
9.2 vs 9.1
9.2 vs 9.2
9.2 vs 8.7
9.2 vs 8.7
9.2 vs 8.7
9.2 vs 9.0
9.2 vs 8.7
9.2 vs 9.5
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.9- 9.2 vs 8.9
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.3
9.2 vs 8.2
9.2 vs 8.1- 9.2 vs 8.1
9.2 vs 8.0
9.2 vs 8.0
9.2 vs 8.0
9.2 vs 9.1
Where ActivoBank is available
- Available
- Portugal
- Licence in Portugal
- Banco de Portugal (23), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there a monthly fee on the account?+
There is no monthly fee, so nothing is taken out of your balance each month. Money in the account can be added or taken out at any time, and the savings side pays 2.5% at a variable rate on top.
How is my money protected?+
ActivoBank is a bank supervised by Banco de Portugal in Portugal, and deposits are covered by the EU DGS up to EUR 100,000. If you bank in the UK or the US, the local scheme amounts differ from EU DGS up to EUR 100,000.
What interest do I earn on savings?+
The savings account pays 2.5% at a variable rate, with interest calculated daily and paid monthly. The maximum remunerated daily balance is higher on Plano AB Premium than on Plano AB Plus.
Can I withdraw money whenever I want?+
Yes. There is no term on the account, so money can be taken out or added at any time. You only need to start from a minimum deposit of €1.
What does it cost to send money abroad?+
ActivoBank charges €0 for the Wise international transfer service, so only Wise's own fee applies. That fee is a percentage of the amount sent, varies by currency, and is shown before you confirm. The exchange rate markup is 0%.
Which currencies can I hold?+
You can hold and convert across 30 currencies through the app. Conversion costs a 0% margin, which sits at the low end of the site range for multi-currency accounts.
How do I get help if something goes wrong?+
Support runs on phone and help centre, so you can call or use the help centre. There is no live chat listed for quick questions, which is worth knowing before you need an answer fast.
Sources
- activobank.pt checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“Portuguese financial institution”
- activobank.pt/app checked September 26, 2026
Backs: Delivery time
- activobank.pt/contactos checked September 26, 2026
Backs: Support channels
- activobank.pt/poupe-up checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type
“PoupeUp - Conta Poupanca Remunerada: 2,50% TANB no Plano AB Premium. A remuneracao e de 2,50% TANB no Plano AB Premium e 2,00% TANB no Plano AB Plus.”
- activobank.pt/quem-somos checked September 26, 2026
Backs: Founded
- activobank.pt/wise checked September 26, 2026
Backs: Currencies, Exchange rate markup, Payout methods, Transfer fee, Fee to send 1,000
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currency conversion fee.
Other rankings
ActivoBank
Portuguese residents who want a fee-free account with reachable savings interest.