Novo Banco review

The account carries a monthly fee of €4.06. That is a recurring cost to weigh before opening, and it is higher than the site median of €0. On the comparison it ranks 375 of 419 brands on this measure, so check the account terms for what the fee covers.

Both. The card here is a debit card, and the same bank also issues a credit card under the name NOVO BANCO, S.A.. If you want a single provider for everyday spending and for borrowing, that pairing is the main draw, and the account fee is €4.06.

The provider is NOVO BANCO, S.A., headquartered in Portugal and founded in 2014. It is a bank that takes deposits and issues its own cards, so the account and the card come from the same legal entity rather than a partner or an app. A named bank gives you a clear address for complaints about fees or transactions.

It suits people who want a card from a home market bank, keep their everyday spending in that market's currency, and are content to pay €4.06 each month for the relationship. You are buying a bank account with a debit card attached, not a standalone spending app, so it fits regulars rather than occasional travellers.

Yes, on monthly fee. Wise, Varo Believe Secured Credit Card and Chime Card are listed at £0, $0 and $0, while this account charges €4.06. Those brands suit you if a fee free card matters more than having a full bank behind it.

The bank is headquartered in Portugal and the card is issued by NOVO BANCO, S.A., so the account is set up through its home market banking network. The fee of €4.06 is charged in the local currency, which suits people already banking there. If you live elsewhere, the fee free alternatives listed here are the easier starting point.

On monthly fee it sits 375 of 419 brands compared. The debit ranking here has a median fee of €0 and a highest fee of €83.23, so this account sits above the middle of that group on price. Cost is the point to weigh against the alternatives.