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 GoCard in Portugal
Open a UK bank account with us and get a GoCard for smarter spending in Portugal. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
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 GoCard—saving on fees.
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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 my GoCard in Portugal?
Just activate it in the app and start spending—online or in stores.
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 GoCard in Portugal?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.