ActivoBank

ActivoBank is a Portuguese digital bank operated by Banco ActivoBank, S.A., headquartered in Lisbon. It offers current accounts that it says carry no maintenance fee, debit and credit cards that can be activated immediately in the app, personal loans, transfers, savings and investment products. Customers manage their accounts through the website, the mobile app and a phone service. The bank says it began in 1994 as Portugal's first phone bank, added investment solutions in 2001 and relaunched its concept in 2010, and it runs physical branches in cities including Lisbon, Porto, Braga and Coimbra. Its legal page states that deposits are covered by the Deposit Guarantee Fund and that the bank is a financial intermediary supervised by the CMVM.