Portugal’s national mobile payment tool for P2P transfers, in-store payments, ATM withdrawals via generated codes and online checkout, operated by the interbank system SIBS.
!Not a bank. MB WAY operates as an instant payment service attached to Portuguese bank accounts and cards; wallet balances are e-money / stored value, NOT deposits, and are outside deposit-insurance protection. Funds are safeguarded in segregated / trust accounts under the applicable rules, not covered by any deposit guarantee scheme.
Yes, but only after opening a Portuguese bank account (non-residents can do so with an NIF tax number and passport). Visitors without a local account cannot register.
No minimum top-up — the linked card is debited｜Free for consumer transfers; some banks charge for specific services.
Per-transaction and daily caps are set by your issuer (commonly around EUR 750 per payment) and shown in the app. Balances are not deposits and are not deposit-insured.
Yes, but only after opening a Portuguese bank account (non-residents can do so with an NIF tax number and passport). Visitors without a local account cannot register.
Local bank account: Required — you need a Portuguese card or account. Items typically needed: A Portuguese mobile number; A Portuguese bank card (requires a local account, opened with NIF and passport); A smartphone.
Typically: A Portuguese mobile number; A Portuguese bank card (requires a local account, opened with NIF and passport); A smartphone.
How to sign up: Fully online — app plus Portuguese number and card binding (About 5 minutes with a Portuguese card). Steps: 1) Open a Portuguese bank account and get a card (non-residents use NIF plus passport) 2) Download the MB WAY app 3) Enter your Portuguese number and confirm the SMS code 4) Enter your card details to bind it 5) Set an MB WAY PIN and start using it Fees: Free for consumer transfers; some banks charge for specific services.
Per-transaction and daily caps are set by your issuer (commonly around EUR 750 per payment) and shown in the app. Balances are not deposits and are not deposit-insured.
E-wallet rules change often — always follow the latest instructions in the official app.