Expat Finance Services in Portugal

The currency used in Portugal since 2002 has been the Euro. In 2002 the euro replaced the Portuguese escudo which had been the official currency of Portugal since 1911. Portugal is one of the twelve original European Union nations to adopt the euro, which are represented by the twelve stars on the design of the euro coins and notes. Coins are issued for one and two euros, notes in the denominations of 5, 10, 20, 50, 100, 200 and 500 euros.

 

Banks in Portugal are subdivided into two categories, clearings banks and savings banks. There are ATM machines available throughout Portugal and international debit and credit cards can be used, although many Portuguese prefer to use cash. There are banks in Portuguese supermarkets that have automated telephone banking systems, but there are no drive-through bank services in the country.

 

Bank accounts can be opened at banks in Portugal by anyone over 18 with an ID and proof of Portuguese address. Accounts can also be opened at Portuguese banks abroad, the minimum deposit is usually around 250 euros. Writing a bounced check is a serious crime and can result in the loss of the checking account at Portuguese banks.


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Currency Exchange in Portugal

Need to transfer money or make a significant purchase abroad? Compare foreign exchange specialists and get the best exchange rate on the market.

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Current Account in Portugal

Current accounts specifically created to address your needs as an expatriate. Multi currency, bill payments… find the solutions to your everyday banking needs.

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Offshore Savings in Portugal

Compare offshore savings accounts and find the right solution that meets your saving requirements while living abroad.

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Expat Mortgages in Portugal

Free and no obligation quotes to help you find the best overseas mortgage. Compare overseas mortgage advisors and make a free enquiry

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Financial Advice in Portugal

Get information on investment portfolio building to achieve your investment objectives according to your risk profile.

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Expat Savings in Portugal

Make an initial no-obligation enquiry about saving plans, school fees planning, retirement planning. Save money, plan ahead and discover all the attractive options available to you as an expat.

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QROPS in Portugal

Learn more about Qualifying Recognised Overseas Pension Schemes. Make an initial no-obligation enquiry to get expert advice on transferring your pension overseas

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Online Broker in Portugal

Compare online brokers for forex trading, cfd trading, internet share trading and more..

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US Expat Tax in Portugal

American expatriates have the legal obligation to file US tax returns yearly on their income wherever sourced. Get free advice and US tax returns filling quote

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Tax Advisory in Portugal

Make an initial no-obligation enquiry on tax planning, tax return or tax issues that you may face as an expatriate.

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