BEST - Banco Electrónico de Serviço Total, SA

BEST - Banco Electrónico de Serviço Total, S.A. is a Portuguese digital bank focused on savings, payments, and investment services, operating as a subsidiary of Novo Banco, S.A. It is authorized and supervised by Banco de Portugal and registered with the Portuguese Securities Market Commission (CMVM) for investment services. Deposits are covered by the Portuguese Deposit Guarantee Scheme up to €100,000 per depositor, per institution, while investment services are subject to the applicable investor-compensation framework; financial instruments are not deposits and are exposed to market risk. The bank offers current and savings accounts, time deposits, domestic and SEPA transfers, and payment cards, alongside a brokerage platform with access to international equities, ETFs, funds, bonds, and other instruments, as well as discretionary portfolio management and investment advisory for eligible clients. Account opening and servicing are designed for online and mobile use, with remote identification and standard anti-money laundering and suitability checks; availability for non-residents depends on internal policies. Pricing is published in a fee schedule and typically includes trading commissions by market, custody or safekeeping charges on securities, currency conversion costs for non-euro trades, and standard fees for transfers and cards; exchange, regulatory, and third-party costs may be passed through to clients. Securities are held in custody with segregation from the bank’s own assets, with corporate actions processing and tax withholding applied under Portuguese rules; annual statements and tax reports are provided where required. Platform features commonly include real-time or delayed market data, basic and advanced order types, and research and analytics sourced directly or from third parties. Clients should evaluate product risks, liquidity, costs, and tax implications before using leveraged or complex instruments, which are not protected by deposit insurance.