Expat Health Insurance
Cigna Global Health Insurance.
Medical insurance specifically designed for expats. With Cigna, you won't have to rely on foreign public health care systems, which may not meet your needs. Cigna allows you to speak to a doctor on demand, for consultations or instant advice, wherever you are in the world. They also offer full cancer care across all levels of cover, and settle the cost of treatments directly with the provider.
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I suggest taking a look at Banking, Money and Taxes in Portugal, in order to answer your questions. As you will see, the guide features concise information about opening accounts, and how banks operate in Portugal.
In terms of finding out about transferring your Social Security payments into a local bank, I think you'll have more luck phoning the banks in order to query any issues that may arise and be prepared for what is expected.
Below is a list of the major banks in Portugal:
Tel: 707 505 050
Please note that the dialling code for Portugal is +351.
Best of luck!
Alex