@loheiman We chose BiG because they are Portuguese. While I admit BisonBank was very prompt and their website is better (and English), we’re in this for the long journey and we’re not concerned about the language differences. Ended up choosing based on the “local” attributes. And although this is largely a pass through and holding service for our funds, (the money will only be deposited into the account to be transferred to the fund’s account swiftly after) the fees are close enough between the two. The debit card will also help without having to open yet another account. Didn’t spend that much time debating between the two.
BIG (www.big.pt)
Subscription fee: 15 bps (350k x 0,15% = 525 €) + 23% VAT
Custódia anual: 10 bps (350k x 0,10% = 350 €) + 23% VAT
*bps = basis points. Amount above can vary slightly
Bison Bank (www.bisonbank.com)
Subscription fee of 0,20% (+4% stamp duty) ==> eur 728,00 one-off
Quarterly custody fee of 0,02% (+23% VAT) ==> eur 86,10 quarterly