Connect Montepio to Bica
Bica links to Montepio through regulated Open Banking access, then does the part nobody enjoys: naming the merchant behind every line, filing it under a category, and keeping a running picture of what you actually spend.
Montepio accounts connect the same way as any other Portuguese bank, and the transactions arrive with the same problem: card and transfer lines that need a merchant name before they mean anything. Bica supplies the names and the categories.
Start free trialWhat Montepio supports
- Countries
- Portugal
- Transaction history
- up to 90 days
- Account types
- Personal, Business, Corporate
- Pending transactions
- Not available
What you get once it's connected
- Every transaction gets a real merchant name instead of a payment-processor code.
- Spending is filed into your own categories, so the totals match how you actually think about money.
- Recurring charges are surfaced together — the subscriptions you forgot are hard to miss once they're on one screen.
- Balances across every account you connect roll into one net-worth figure that updates on its own.
How to connect Montepio
- 1 Create your Bica account and pick Montepio from the list.
- 2 You're handed to Montepio's own login to approve access — Bica never sees your banking credentials.
- 3 Your history is imported and sorted. From then on new transactions arrive on their own.
What Bica can and can't do
Access is read-only: Bica can see transactions and balances, and cannot move money, make payments, or change anything in your Montepio account. The connection runs through a regulated Open Banking provider, you approve it at Montepio itself, and you can revoke it at any time from either side.
Worth reading next
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MB WAY, Multibanco and the lines they leave on your statement
Withdrawals, payment references, instant transfers between people, direct debits — what each Portuguese statement line actually means, and why the name next to it tells you so little.
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The bank fees you are paying without noticing
Maintenance commissions, card annual fees, transfer charges. Where they hide on the statement, what the law already caps, and what switching is really worth.
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Using your bank statement to find the IRS deductions you missed
A bank statement is not a fatura and never will be. It is still the fastest way to find the invoices that never made it to e-Fatura with your NIF on them.
Common questions
Is it safe to connect Montepio to Bica?
Yes. The connection uses regulated Open Banking access that you approve at Montepio, Bica never receives your banking password, and the access it gets is read-only — it cannot move money or change anything in your account.
How much history does Bica import from Montepio?
Up to 90 days, which is what Montepio makes available through Open Banking. Everything in that window is imported and categorized on the first connection.
Do I have to import transactions manually?
No. Once the connection is approved, new transactions arrive on their own and are named and categorized without you doing anything.
Can I connect other banks alongside Montepio?
Yes, and that's the point — accounts at different banks land in one place, with transfers between them recognized as transfers rather than counted as spending.
What does Bica cost?
€5.99 a month or €49 a year, after a 14-day free trial. The trial asks for no card and charges nothing — if you don't want to stay, do nothing.