How to send money to Portugal
Learn how to make a money transfer to Portugal with the best exchange rate in four easy steps
1. Make sure the Euro mid-market rate is favorable
Even though the currency market is uncertain, it can help you save money to monitor it to maximize how many you get after the conversion. It's a good idea to subscribe to our smart exchange rate alerts to stay updated about the evolution of the mid-market.
2. Make your choice among the more than 39 services available to send money to Portugal in order to find the best one.
Monito's comparison engine lists many services to make money transfers to Portugal, such as TransferGo, TransferWise, Western Union, MoneyGram, CurrencyFair. You can save a lot of money by comparing all these providers and find the most competitive one for your upcoming transfer.
3. Choose the best service based on your criteria
Do you want to make a transfer to Portugal at the lowest overall cost, as quickly as possible or with the top rated company?
It is also interesting to have a look at the pay-in and pay-out methods. Customers often have the option to pay your transfer by a local bank transfer or by credit or debit cards. On the recipient's side in Portugal, you can decide if your want the amount in EUR to be transferred to your recipient's account or be available for cash pick-up.
4. Sign up and get started wih your transfer to Portugal with the company of your choice
Go to the provider's website to sign up (you usually have to give some ID documents to confirm your identity), and set upyour transaction.