Banco ActivoBank, SA

Banco ActivoBank, SA is a Portuguese retail bank focused on digital channels and operating as part of the Millennium bcp group. It serves primarily individual customers through a mobile app and online banking, complemented by a limited number of urban “stores” for account opening and support. The product set includes current accounts, domestic and SEPA transfers, debit and credit cards, savings options such as sight and term deposits, consumer credit, and access to investment services (e.g., brokerage and investment funds) subject to suitability and risk profiling. Onboarding is predominantly digital and follows Portuguese know‑your‑customer requirements; additional documentation may be requested for non‑residents, and product availability can vary by customer profile. The bank supports commonly used local payment solutions, including MB WAY, and applies strong customer authentication under PSD2; card controls and security settings are managed in‑app. Pricing, fees, and interest rates are disclosed in the bank’s tariff schedule and vary by product and usage conditions. Banco ActivoBank is authorized and supervised by Banco de Portugal; where it provides investment services, it is subject to CMVM oversight. Eligible deposits are covered by the Portuguese Deposit Guarantee Fund up to €100,000 per depositor, per bank, under applicable law. Customer service is available via the app, phone, and selected locations during normal business hours. The bank’s model emphasizes digital service and a limited physical footprint; terms, features, and eligibility criteria are subject to change.