PTP Raises Concerns Over Bank Account Requirement for Mobility Subsidy in Madeira
Madeira GuideThe Portuguese Labour Party (PTP) highlights the exclusion of beneficiaries without personal bank accounts from the Territorial Continuity Mechanism, affecting primarily the elderly and low-income individuals.
The Portuguese Labour Party (PTP) has raised concerns regarding the exclusion of individuals who do not possess personal bank accounts from receiving the Territorial Continuity Mechanism, formerly known as the Social Mobility Subsidy. This mechanism is crucial for residents of Madeira who frequently travel between the island and mainland Portugal. The issue stems from a requirement for beneficiaries to present an International Bank Account Number (IBAN) that is exclusively under their name, as mandated by internal platform procedures under Ordinance No. 138/2025/1.
This requirement has significantly impacted elderly residents who receive their pensions via postal payments (CTT) and low-income individuals who rely on social benefits. These groups often lack the means or capability to manage a personal bank account, leaving them unable to access the subsidy. The PTP argues that this situation disproportionately penalizes the most vulnerable members of society.
It is unacceptable that citizens entitled to this support are excluded simply because they do not have or cannot manage a personal bank account. The poorest and oldest are the main victims.
Raquel Coelho, a representative of the PTP, has called on the Regional Government to provide clarifications on the matter and to establish an alternative payment procedure. Suggestions include allowing payment validation by a proxy or direct family member to ensure these individuals receive their rightful financial support.
The PTP's demand highlights a broader need for inclusive financial systems that accommodate all citizens, regardless of their banking status. Such measures would ensure that essential subsidies like the Territorial Continuity Mechanism are accessible to all eligible residents, supporting their mobility and connection with mainland Portugal.
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Madeira Guide
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