Which type of bank account is best for everyday transactions in Portugal?

The most suitable bank account for day-to-day transactions varies depending on the individual or business’s specific requirements. A checking account is typically utilized for daily transactions, providing services such as check writing, debit card usage, and online bill payments, whereas a savings account is perfect for storing money and accumulating interest over time. Portuguese banks provide businesses with competitive fees, which helps create a positive financial environment for businesses in search of cost-effective solutions.