How to send money to Portugal
Discover how to transfer money to Portugal at the best EUR rate in a few easy steps
1. Make sure the EUR exchange rate is favorable
Converting your money at the right time is a good way to optimize your transfer. We recommend our users to subscribe to smart alerts to stay on top of the evolution of the mid-market.
2. Compare up to more than thirty money transfer companies available to send money to Portugal and select the best deal.
Monito's comparison engine lists many different services to make money transfers to Portugal, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. You can save a lot of money by comparing them all and find the best option for your money transfer.
3. Select the best money transfer company with your own criteria
Do you want to transfer money to Portugal at the lowest overall cost, as quickly as possible or with the best rated provider?
It is also important to have a look at the options to pay for the transfer and receive the money. Bank transfer or credit/debit cards are the most common pay-in options to send money to Portugal online. At the other end, in Portugal, look at different options if you need the amount in EUR to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and start your transfer with the money transfer provider of your choice
Go to the money transfer provider's website to register (you normally have to give information to prove your identity), and provide the details of your transfer to Portugal.