How to send money to Portugal
Discover how to make a money transfer to Portugal at the lowest cost with these 4 steps
1. Check the EUR interbank exchange rate against the currency you want to send
Sending money on a favorable day means more money arrives. We recommend our users to use smart alerts to keep an eye on the EUR mid-market's evolution.
2. Compare up to more than thirty companies available for transfers to Portugal and select the best one.
Monito's comparison engine lists quite a few companies to make money transfers to Portugal, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. You will save big by comparing them all and find the most competitive one for your upcoming money transfer.
3. Choose the best option for you
Pick money transfer provider with the best rates and lowest fees, fastest transfer speed, highest reviews, or a good combination of the three.
It is also important to pay attention to the options to pay for the transfer and receive the money. You can often have money transfer providers allowing you to pay by bank transfer, other providers will also allow you to pay with your debit and credit cards. To receive the money in Portugal, you can decide if your want the money to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and start your money transfer to Portugal with the company of your choice
Go to the money transfer provider's homepage to complete the sign-up process - be prepared to provide an ID and/or a proof of adress - and configure your transfer.