MONEY TRANSFER TO/FROM A PORTUGUESE BANK ACCOUNT
Beat your bank’s foreign exchange rates when making a currency transfer and send money to Portugal using a specialist money transfer broker – recommendations below:
| Send Money to Portugal | GBP to EUR | USD to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | €1.197 to €1.201 | €0.939 to €0.942 |  |  | |
| TorFX | €1.2 | €0.942 |  | | |
| Wise | €1.202 to €1.203 | €0.943 to €0.944 |  | |
Bank exchange rates for sending money to Portugal
If you need to send money from abroad to a Portuguese bank account, its good to understand the bank’s exchange rates and additional fees or charges for making the transfer.
For Portuguese banks, you can view the full list of Portuguese banks and their exchange rates – here
For banks outside Portugal, please select from the list below:
Out of a population of 10 million people, there are currently over 900,000 expats living in Portugal, of which British numbers total approximately 15,000.
Most British expats live in and around Lisbon and Porto or in the popular holiday destination of the Algarve and many will need to transfer money to or from Portugal at some point.
THE FAST AND EASY WAY FOR SENDING MONEY TO PORTUGAL
Are you looking to send money to Portugal? Attain the very best exchange rate when making an overseas money transfer to a bank in Portugal. Specialist foreign exchange companies can save you time and money over a traditional bank transfer service.
Looking for the cheapest way to send money to Portugal?
If you are looking for the cheapest way to send money to Portugal, consider using online money transfer services. These options typically offer lower fees and better exchange rates compared to traditional banks. Additionally, some services may even waive fees for certain transactions or offer discounts for first-time users.
It’s important to compare different providers to find the best deal for your specific needs. Keep in mind that transfer times and available payment methods may vary between services, so be sure to choose one that aligns with your preferences.
How do I start sending money to Portugal from abroad through a bank?
You can consider using a bank abroad to transfer funds to a bank account account in Portugal.
Make sure to have the recipient’s bank account details, including their SWIFT code and IBAN number to ensure the money is sent to the correct account. Additionally, be aware of any fees, exchange rates, and transfer limits that may apply when sending money internationally.
How long does it take for my money get to Portugal?
Using a specialist foreign exchange company, international money transfers to Portugal are typically completed within 1-2 business days of receiving your funds. Through traditional banks, money transfers can take upto 5-7 business days to arrive at your bank in Portugal.
How to send bank payments to Portugal?
To send bank payments to Portugal, you will first need to have the necessary information of the recipient’s bank account. This includes the account number, bank name, branch address, and SWIFT code. Once you have this information, you can initiate a wire transfer through your own bank or through a money transfer service.
Make sure to double-check all the details before confirming the transfer to avoid any delays or errors.
Keep in mind that there maybe fees associated with international bank transfers to Portugal so it’s important to factor that into your decision-making process. With the right information and careful attention to detail, sending money to Portugal can be a smooth and hassle-free process.
Are you ready to send money to Portugal?
If you are looking to send money to Portugal, there are a few things you should consider before making your transfer. It’s important to research the best money transfer services available to ensure you are getting the best exchange rates and lowest fees.
Be thorough to make sure you have all the necessary information for the recipient, such as their bank account details and any specific requirements for the transfer.
By taking these steps, you can ensure a smooth and efficient money transfer to Portugal.
Still have questions about sending money to Portugal?
Transfer Supermarket recommended money transfer providers are compiled by evaluating individual TrustScores (via Trustpilot), transfer charges or fees and the lowest foreign exchange margin rates offered.
Doing some research and evaluating options will ultimately save you time and money. Select your preferred service and send money to Portugal with ease: Compare money transfer providers
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