Banco Finantia

Is Banco Finantia a safe bank?

Yes, Banco Finantia is a bank with more than 30 years of experience, specializing in Private Banking and Corporate and Investment Banking, with a record of profitability and financial soundness ratios above the Portuguese and European averages. In addition, the high international rankings, the awards received over the years and the high satisfaction rate of its customers attest to its reliability.

When was Banco Finantia founded?

Finantia's activity began in 1987 as a financial services company. In 1988 he became an Investment Company and in 1992 he became a bank.

Is Banco Finantia Portuguese?

Banco Finantia is a Portuguese bank, majority owned by private national capital that has internationalized through subsidiaries, with presence in Spain, United Kingdom, USA, Brazil and Malta.

What is the size of Banco Finantia?

As of December 31, 2018, it had approximately 2,000M of assets and 400M of equity and approximately 270 employees, on a consolidated basis.

About Deposits

How do I know if an transaction is a deposit?

Prior to the sale of a deposit, the Bank will provide you with a standard information sheet (in the case of simple deposits) or an information prospectus (in the case of indexed or dual deposits), with the characteristics of the deposit you intend to contract. All the characteristics foreseen in the standard information sheet and in the informative prospectus are also included in the deposit agreement, which is delivered at the time of contracting.

Does the Deposit Guarantee Fund (FGD) guarantee my capital?

The FGD guarantees the repayment of all deposits in each credit institution, up to a maximum limit of EUR 100,000 per each titular holder. The ceiling applies to the total value of the balances of each depositor considering all the deposits made in each bank.


When a deposit is marketed, the Bank must provide you with a Depositor Information Form (FID) with information on the protection of the deposit and inform you of whether the deposit contracted is eligible for the guarantee provided by the FGD. The participating institutions must also confirm that their deposit is covered by the guarantee provided by the FGD by including a reference to the FID in the statements of account, and this sheet must be provided at least once a year.

Are deposits at Banco Finantia covered by the guarantee provided by the FGD?

As one of the banks participating in the FGD, deposits made at Banco Finantia are covered by the guarantee provided by the FGD, under the terms of the FGD regulations.

What is the minimum amount for setting up a time deposit?

The minimum amount to make a deposit in Banco Finantia is €50.000.

In what currencies can term deposits be made?

Term deposits may be constituted in euros or dollars.

How are interest calculated and paid?

Interest will be paid by credit to the associated deposit account. The maturity date of the interest credit in the Demand Deposits account is the same day.

What happens with the interest obtained from the term deposit?

Obtained assets are credited to a current account, and are fully available to the customer.

Can I redeem a deposit at any time?

Yes. Banco Finantia allows repayment in advance, partial or total. If the repayment occurs on the date of payment of interest there will be no penalty. At any other time, early repayment carries the full penalization of the interest for the period on the repaid capital.

Can interest on a time deposit be capitalized?

Deposits at Banco Finantia do not capitalize interest.

Can I increase the amount of my current deposit?

Only if agreed by the parties to the contract.

What tax should I consider as applicable to my time deposit?

The proceeds of the term deposit are considered income from capital and in general taxed by withholding tax at the rate of 28%, with a tax on IRS and considered as IRC account payments. This clause is a summary of the tax regime at the date of commencement of the Subscription Period, which may be changed during the period of this deposit. The regime described above does not prejudice the application of any double taxation agreements to persons or entities not resident in Portugal. Please consult the applicable legislation. (*) in Portugal.

Can I open a deposit account without coming to the bank?

Yes, through the protocol we have signed with CTT.

Can I access my account information through Homebanking?

Access your account via Online, 24/7; by telephone or by direct contact with your account manager.

What type of information is available via Homebanking

Check balances, follow up on recent transactions and deposits, save and print statements, transfer money online safely up to a €3.000 daily limit.

How can I change my primary address, phone number or email address?

Through the email linked to the account, you can request the requested changes in writing.

Can I transfer funds to an international account?

Yes, I can.

Is it possible to make transfers without associated costs?

Yes, we offer an online account service that allows you to make totally free transfers up to € 3,000 / day.

Can I order a transfer on a holiday, Saturday or Sunday?

Sign in to your account and schedule transfers to an external linked account at your convenience - holidays and weekends included. The transfer will be processed the next business day. If the transfer is scheduled to occur on a non-business day, it will be done the next business day. If you have any questions, please contact us, call at the number: +351 707 788 080 from Monday to Friday, from 9am to 6pm. You can also write to Banco Finantia, Apartado 43001, 1601- 301 Lisboa.

Service

How can I open a deposit account?

You can open an account in several ways. In Lisbon at our headquarters at Rua General Firmino Miguel, No. 5 – 1st floor or our agency at Avenida Fontes Pereira de Melo, N. º 14 A. In Porto at Rua São João de Brito, N. º 605 E. In Spain you can also choose to open an account in our Banco Finantia Spain in Madrid at Avenida Menéndez Pelayo, 67, Barcelona in Paseo de Gracia, 8-10 2 º 1a) and Valencia at Calle Colón, 60 8 º a. You can also head to a CTT counter and deliver the documents for this purpose.

What documents are required for account opening?

The documentation required for account opening is as follows:

- Citizen Card
- Proof of address (receipt of water, light, gas or driving licence)
- Proof of profession and employer (Ex: receipt of salary or employer's statement, retired/pensioner card), for each of the holders.

Once the account is opened, it can then constitute a term deposit.

Is it necessary to have some kind of bond to the bank?

No additional link to Banco Finantia is required to have a checking account with us.

Can I have more than one holder on my account?

Yes.

How can I move my account?

By cheque or bank transfer (subject to the current price).

What are the conditions for moving an account?

Depending on the account ownership regime, the following account movement conditions are defined:

Individual - in the name of a person, being handled only by himself or his legal representative;
Solidary - in the name of several holders and subject to the solidarity regime, in which any of the holders can move the account without previous authorization of the rest;
Joint-account - in the name of different holders subject to the system of conjunction, in which the deposited amounts can only be handled by all holders;
Mixed - account made up of different holders that show solidarity and conjunction bonds, and whose conditions of movement must be defined in writing by all holders.

Does the account have maintenance expenses?

No, it doesn't.

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