IBAN for Novo Banco
Novo Banco is a major bank in Portugal. IBANs at Novo Banco are 25 characters long with SWIFT/BIC code NBYAPTPL. Created from the resolution of Banco Espírito Santo. Bank code 0007.
Novo Banco
Portugal · EUR
How to Pay Novo Banco in Portugal via Bitwage
Portugal is in the SEPA zone. Bitwage routes payments to Novo Banco accounts via SEPA instant transfer — typically settling in under 10 seconds, with fees far below a SWIFT wire.
Add Your Contractor
In Bitwage's contractor payments dashboard, add your Portugal contractor. Enter their Novo Banco IBAN (25 characters) and SWIFT code NBYAPTPL.
Fund Your Bitwage Balance
Deposit USD into your Bitwage Balance. No need to pre-convert to local currency — Bitwage handles FX at a locked rate.
Execute the Payment
Bitwage converts your USD to EUR and routes via SEPA. Your contractor's Novo Banco account is credited — typically same day.
Compliance & OFAC Screening
Bitwage screens every payment against OFAC sanctions lists before execution. International payments to Portugal may require standard EU AML checks and contractor W-8BEN documentation. Bitwage handles this automatically for all Portugal payments.
Key Terms & Resources
Other Banks in Portugal
Also paying contractors at other Portugal banks?
Novo Banco IBAN FAQ
Common questions about Novo Banco IBAN format, SWIFT code, and paying Portugal contractors.
Novo Banco IBANs are 25 characters long and start with PT. A typical example is PT50 0007 0237 0023 3573 0018 6. Created from the resolution of Banco Espírito Santo. Bank code 0007. For international payments you will also need the SWIFT/BIC code NBYAPTPL.
The SWIFT/BIC code for Novo Banco is <strong>NBYAPTPL</strong>. This identifies Novo Banco on the global SWIFT international wire transfer network. For SEPA transfers within the EU/EEA, the IBAN alone is sufficient — the SWIFT code is only required for non-SEPA international wires.
Add your contractor's Novo Banco IBAN to Bitwage's {{link:products/contractor-payments}} platform. Since Portugal is in the SEPA bank transfer zone, Bitwage routes the payment via SEPA instant — typically settling in seconds at near-zero cost. No SWIFT wire fee.
Yes. With {{link:products/masspay}} you can include any number of Portugal contractors — including multiple Novo Banco accounts — in a single CSV payment run. Bitwage validates each IBAN, locks the FX rate lock, and routes all payments simultaneously.
Related Resources
Pay Novo Banco in Portugal
Without the SWIFT Fee
Skip the $25–50 wire fee. Bitwage routes via SEPA instant — faster and cheaper for every contractor payment.