Banking

  • Banks opening hours: 08.00AM-03PM on weekdays.
  • Some may have extended schedules on Friday or open on Saturdays.

Multibancos

The Multibanco (MB) are the automatic cash machines of Portugal. You can find them outside or inside of any bank office and in the streets.

Namely, you can withdraw money from them. If you are using a foreign card, be aware that the Multibanco system will probably not inform you if you are subject to pay fees. Similarly, you may not be able to see your balance.

If you create a bank account in Portugal, there are a few more things that you can get done at the Multibanco:

  • Top up your phone
  • Make a transference

Opening a bank account in Portugal

You may consider opening a bank account in the country. With a Portuguese bank account, you will be able to access some more online banking services. It is also relatively common in some smaller business or restaurants not to accept foreign cards, so keep this in mind if you are going to have dinner at the nearby tasca.

If you want to open a bank account, we suggest that you try our partner, N26. It's an online-based bank that operates across Europe and offers very good conditions for international students.

If you want to open a Portuguese-based bank account, try Activo Bank.