novobanco

novobanco is a Portuguese bank, operated by NOVO BANCO, S.A., that offers a business current account called Depósito à Ordem. It is intended for medium-sized and large companies that need day-to-day settlement banking.

Services

The business range is complemented by remote banking, payments to suppliers and employees, SEPA transfers and international cash management tools. Payroll and SEPA are the channels named in the service description.

Licensing and registration

The bank is supervised by Banco de Portugal, with CMVM named for investment services. Its company number is 513204016 and its Bank of Portugal code is 0007. The head office is at the Campus do novobanco in Taguspark, Porto Salvo.

Who it suits

The offer targets Portuguese businesses of some size that centralise operational payments in one bank and also make cross-border transfers. Smaller companies and start-ups should check whether the same account is open to them. Fees, packages and limits are not published and should be requested from the bank, along with the conditions of international cash management.