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The minimum deposit required to open a current account with BAI Europa as a Corporate Customer is EUR or USD 500. You must guarantee the initial deposit to use your account.

Opening an account is completely free. A monthly maintenance fee of €5.20 applies. This fee is waived if you subscribe to and maintain one of our Term Deposits.

You may close your BAI Europa account at any time, free of charge, at our branches, with your account manager, by submitting the account closure form. If there are no impediments, the bank will close the account within a maximum period of one month.

No. While BAI Europa and BAI Angola belong to the same banking group, the accounts are completely separate and do not offer shared access.

No, subscribing to a Debit Card is not compulsory. However, the Debit Card is required to make payments or transactions from your BAI Europa current account.

The annual fee is waived for the first year. From the second year onwards, the fee is €15.60 per year.

To activate your Debit Card, log in to BAI Europa Directo, go to Menu > Cards > Activate, enter the number of the card you wish to activate, and confirm. Alternatively, you can also submit the card activation form available on our Cards page, either in person at our branch or by email to clientes.empresa@baieuropa.pt.

You can cancel your BAI Europa Debit Card at any time, free of charge, through our Internet Banking, under Cards > Cancel > Select the card you wish to cancel > Select the reason for cancellation > Confirm. You can also do this at one of our branches by submitting the debit card cancellation form.

No, payments can only be made in Euros through BAI Europa.

Opening an account is completely free. A monthly maintenance fee of €5.20 applies. This fee is waived if you subscribe to and maintain one of our Term Deposits.

Minimum deposit amounts vary depending on the product. For the Premium or New Client Term Deposits, the minimum is €2,500. We also offer other deposits in Euros or Dollars, with minimum amounts starting from €1,000.

Yes. To do so, go to: Menu > Save > Term Deposits > Subscribe > Select the deposit you want and click Create > Choose the source account and the amount to be applied to the deposit > Confirm the information.

The Deposit Guarantee Fund, regulated by the General Regime for Credit Institutions and Financial Companies (RGICSF), protects deposits up to €100,000 per depositor in the event of institutional insolvency. Banco BAI Europa, SA is a participating institution.

No, BAI Europa Directo does not provide access to BAI Angola accounts. While both banks are part of the same banking group, they operate independently, with separate systems and account structures.

Previously, separate logins were required for individual and business accounts. With the new Internet Banking platform, all your accounts are accessible using a single login. Once logged in, you can easily switch between accounts for viewing or management.

To make the switch, log into the new platform via your computer or mobile phone. Select the ‘Switch Account’ option and follow the instructions. You’ll need your existing user code and password (you may use any of your logins, if you have more than one). For further assistance, call us on (+351) 213 513 750, selecting option 2 “Digital Channels,” available Monday to Friday, from 8.30am to 5.30pm.

Please contact us on (+351) 213 513 750, selecting option 2 "Digital Channels,” available Monday to Friday, from 8.30am to 5.30pm. Our team will assist you, and a new password will be sent via SMS to the mobile number linked to your account. You’ll then be able to log in again.

A confirmed irrevocable credit provides the exporter with added payment security, as both the Issuing Bank and the Confirming Bank guarantee payment — provided all terms of the Letter of Credit are met. It cannot be amended or cancelled without agreement from all parties involved (importer, exporter, and banks).

A transferable credit allows the original beneficiary to transfer part or all their rights to one or more additional beneficiaries, subject to the credit’s terms.

There are various types of deadlines, which include: Field 31D: indicates the expiry date, or the period for which the Letter of Credit is valid; Field 42P: if payment is deferred, it specifies the time given to pay the beneficiary; Field 44D: indicates the maximum period allowed for sending the goods; Field 48: specifies the maximum period for submitting documents to the Confirming Bank.

A deferral fee is charged when payment is made after the due date stated in the Letter of Credit.

Yes, if Field 43P indicates "ALLOWED”, partial shipments are permitted. "NOT ALLOWED" means only a single shipment of goods is allowed.

Yes, but only with the consent of all involved parties (Importer, Issuing Bank, Confirming Bank, and Exporter).

No, amendments take effect only after notification and agreement from all involved parties.

If you are the beneficiary of a Letter of Credit, you may request to assign part or all the credit to one or more third parties. This assignment is issued at the request of the beneficiary of the Letter of Credit, with no liability assumed by the Confirming Bank.