BPI to launch a current account with no maintenance fee in November, including a debit card and instant transfers
BPI will launch a new current account with no maintenance fee (comissão de manutenção) in November. It will include the account itself, a debit card and instant transfers, the bank's chief executive, João Pedro Oliveira e Costa, said on 2 November: “At BPI, anyone who needs only the essentials does not pay to have an account.” He said the bank does not want price to put people off trying BPI (ECO).
The bank will announce the terms at launch: whether customers will have to have their salary paid into the account, how much other transactions will cost, and whether fees on existing accounts will change. Management says only that the new pricing will not affect the bank's overall fee income (Jornal Económico).
By law, every bank must already offer a low-cost account, the conta de serviços mínimos bancários. It includes an account, a debit card and transfers, and in 2026 costs no more than €5.37 a year in total. But it is available only to people who have no other current account.
