Send money to Portugal

Whether you’re buying overseas property, moving abroad or sending money to friends and family, Moneycorp is here to help

Send money to Portugal

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Do you need to transfer money to Portugal? If so, you’ve come to the right place. We’re here to talk you through the process of sending money to Portugal, ensuring that you have all the information that you need to transfer your funds in a secure, hassle-free manner. As you’ll see, setting up a Moneycorp account is a quick, painless process. Once you’ve done this, you’ll be able to send your money to Portugal; we’ll convert your pounds to euros at a competitive rate. We also have the answers to any questions that you might have about the costs involved in sending money to Portugal.

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Sign up for a personal or business Moneycorp account online or over the phone.

Set up a payment to Portugal

Set up a payment to Portugal

Add a new recipient, or select an existing recipient, and enter how much you wish to transfer to Portugal.

Set up a payment to Portugal

We'll make your payment

We'll exchange your pounds to euros and deliver your payment on time, without any hassle.

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Save money and time on your payment to Portugal

2 minute read

It takes just a few minutes to sign up for a Moneycorp account. Once you have done this, it’s a simple matter of adding funds to your account via debit card or bank transfer. You’ll then be able to exchange your money to euros and make international payments without any hassle.

When you open an account with Moneycorp, you can exchange up to 33 currencies online (and 120+ over the phone). You also have the option of setting up a Regular Payment Plan. This allows you to set up an international direct debit to Portugal on a weekly or monthly basis.


Can I send money to Portugal online?

Our online platform is the best way to send money to Portugal. Start by navigating to the ‘Send a Payment’ page. You can then either add a new recipient or select an existing one. Once you’ve specified the amount of money that you’d like to exchange, we’ll process your online payment, and your money will be safely on its way.

Your online account grants you 24/7 access to your funds, and you can set up rate alerts for the GBP to EUR exchange rate. We’ll notify you via email and/or SMS if the rate has moved to your desired level. Our dedicated team of currency specialists will also be on hand to offer any assistance, and they’ll be happy to help you make international payments over the phone.


Send money to Portugal with Moneycorp

Our global payment solutions can meet all your needs, whether you’re looking to make regular payments to Portugal, seeking to emigrate or thinking about spending your retirement years in the Algarve. You can make international transfers online or over the phone when you partner with Moneycorp, and our dedicated team of foreign exchange experts will be on hand to ensure that you save money with our competitive rates. We also offer substantially lower transfer fees for regular transfers than you would receive from high street banks.


Common questions about sending money to Portugal

How long will a payment to Portugal take?

Most payments that you make to Portugal via Moneycorp arrive within 1-2 working days, and you can track your payments and view your full transaction history online. Regardless of how much money you wish to send, we’ll ensure that your payment arrives on time; it does not take longer for large money transfers to arrive.

1/19/2021 4:56:54 PM

How much does it cost to send money to Portugal?

We offer fee-free online international transfers to Portugal, and so you’ll benefit from our very competitive exchange rates without having to worry about footing the bill for other costs. You can obtain exchange rates from your account manager once you’ve opened a Moneycorp account. We’ll provide you with an online quote, and you’ll be given the option to book an order at the specified exchange rate.

You will only be required to pay online fees if you decide to use a Regular Payment Plan to automate your recurring payments. Certain of our FX tools, such as our forward contracts, require that you pay a nominal fee, however. Our over-the-phone transfers to Portugal cost a flat rate of £15, which makes Moneycorp an economical option for large money transfers.

1/19/2021 4:57:07 PM

What information do I need for a bank transfer to Portugal?

If you plan on sending money to a Portuguese bank account, you will need to obtain the following information from your recipient:

  • Their full name and address
  • Their IBAN
  • Their BIC/SWIFT code

These details enable us to send your money to the correct bank account. Read our guides for more information on IBANs and BIC codes.

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What does a Portuguese IBAN look like?

IBANs (International Bank Account Numbers) in Portugal are 25 characters long, and they consist of the following:

  • An ISO Country Code
  • A two-digit check number
  • A Basic Bank Account Number (BBAN) (this is 21 characters)

We require that you provide us with your recipient’s IBAN, as this enables us to correctly identify their bank account when transferring your payment.

Example of a Portuguese IBAN in the standardised format:

PT50 0123 4567 8901 2345 6789 0

1/19/2021 4:57:29 PM

Is there a limit on how much money I can send to Portugal?

There is an upper limit of £100,000 on personal transfers that can be made through our online platform to Portugal. Transfers that are made over the phone, on the other hand, have no upper limit, and so you will need to contact your Moneycorp account manager by telephone in order to make larger payments from the UK to Portugal.

1/19/2021 4:57:45 PM

Can I send money to all Portuguese banks through my Moneycorp account?

With moneycorp, you can make payments to a wide range of popular banks in Portugal, including but not limited to:

  • Banco Montepio
  • Banco Comercial Português (BCP)
  • Banco Santander Totta
  • Novobanco
  • Caixa Geral de Depósitos
  • Bankinter
  • Eurobic

If your bank is not on the list, it doesn't necessarily mean we're unable to make the payment for you. Contact one of our specialists today to find out more.

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What is the current GBP to EUR exchange rate?

At the beginning of 2023, the British Pound to Euro exchange rate was 1.13. As with all exchange rates, however, this rate is subject to constant change. Use our Currency Zone to stay up to date with the British Pound to Euro exchange rate.

Is it safe to send money online to Portugal?

It’s safe, therefore, to make online money transfers to Portugal with Moneycorp; we are regulated by the FCA for the provision of payment services with us. We’ll ensure that your account is safe at all times by flagging suspicious transactions and safeguarding your payment details and financial information.

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