The information below provides details regarding the Madeira banking system, and details on opening a Madeira offshore bank account. It includes information on the principal Madeira banking services offered, banks operation, and the governing body in Madeira.
Banking operations in Madeira are governed and controlled by the Central Bank of Portugal. Strong correspondence networks are maintained around the world by onshore and offshore banks. Most of them subscribe to international banking services like SWIFT and Reuters. Thus they have easy access to the world-banking network and are able to carry out traditional and specialized financial transactions.
The principal banking services offered include: deposit accounts, foreign exchange, fund and asset management and corporate lending.
Here are a list of some of the major financial institutions operating in Madeira:
To learn more about Madeira offshore banking or the bank account opening service we can provide, Contact Us.