Everything you need to know
Portugal Currency
Travelling to or living in Portugal? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the TransferGo card in Portugal
The TransferGo card helps you spend smarter in Portugal. Pay in local shops, withdraw cash from ATMs, and enjoy contactless or virtual payments — all while avoiding hidden bank fees and poor exchange rates. Everything is managed from the app, so you’re always in control of your money.
What is the currency in Portugal?
The official currency of Portugal is the euro
Before the euro, Portugal used the Portuguese escudo (PTE).
EUR, €
Banknotes
€5
€10
€20
€50
€100
€200
€500
Coins
1
2
5
10
20
50 cents
€1
€2
Popular Euro pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Portugal
Portugal is mixed when it comes to payments. Cards are accepted in cities, hotels, and supermarkets, but many cafés, taxis, and small businesses prefer cash. Mobile wallets are growing but not everywhere. Tip: Always choose to pay in local currency (EUR) to avoid extra conversion charges. With TransferGo, you can spend confidently and save on hidden bank fees.
Tips for exchanging money in Portugal
ATMs (called Multibanco): reliable and widely available.
Cash helps: especially for tips, taxis, and small purchases.
Avoid airport exchanges: poor rates.
Budget note: Portugal is more cash-oriented than northern Europe.
With TransferGo, you can send money to Portugal instantly or spend locally with your TransferGo card—saving on fees.
Trusted by millions worldwide
Frequently asked questions
What is the official currency used in Portugal?
The euro (EUR, €).
What is the official currency used in Portugal?
Symbol: € | Code: EUR
Can I use my home currency in Portugal?
No, only euros.
How can I use the TransferGo card in Portugal?
Just activate it in the app and start spending — online, in stores, or at ATMs.
Is it better to use cash or card when spending in Portugal?
Carry both; cash is still useful.
Are credit or debit cards widely accepted in Portugal?
Yes, but not everywhere.
Are there ATMs available in Portugal, and are there withdrawal limits?
Yes, across the country.
Can I use a TransferGo card in Portugal?
Yes! You can use your TransferGo card for spending, withdrawing, or managing your money— with fair rates and no hidden fees.