Do you need to transfer money to Portugal? If so, there will be a number of services that you could transfer the money through, so you may be wondering “what is the best way to transfer money to Portugal?” Whether you are transferring money to your Euro bank account in Portugal or need to transfer money to friends or relatives, it is a good idea to research your options in order to help you find a convenient way of transferring money to Portugal and a service which offers a competitive EUR exchange rate and charges low transfer fees.
How can I Transfer money to Portugal?
Going through your bank may be your first thought when you need to transfer money to Portugal as this is a logical way of dealing with your finances. Indeed this can be a convenient solution as you can transfer the money directly from your account to the recipient’s. However, this is usually an expensive way to transfer money as banks normally offer poor exchange rates and charge high transfer fees, so you get less Euros for your money and the cost of transferring the money is expensive.
What is more, it can also take a number of days for the money to be received when transferred via your bank and of course there is the inconvenience of having to visit the bank each time you need to transfer money.
Making the money transfer through a money sending bureaux, such as Western Union or MoneyGram, is another option. You may find these services beneficial as your money can be received much faster than funds transferred through a bank as money sending bureaux usually provide a premium service which enables your money to be received in a matter of minutes.
On the downside, these faster payments are more expensive than a standard transfer and money sending bureaux offer poor exchange rates, which are often fixed, meaning that you cannot benefit from a better exchange rate if one becomes available.
A foreign exchange specialist such as Xendpay
A foreign exchange specialist like Xendpay is the ideal alternative to a bank or a money sending bureaux when you are transferring money to Portugal. We are an online money transfer service who have helped tens of thousands of people each year to transfer money worldwide, cheaply and simply. As we are foreign exchange specialists we are able to buy our foreign currency in large volumes at a better exchange rate so we are able to offer our customers a more competitive exchange rate for the Euro. Compare our exchange rates to find out more.
In addition to our market leading exchange rates we also charge some of the lowest transfer fees on the market, which will beat most banks and money sending bureaux. For more information please visit our fee page.
Xendpay make transferring money to Portugal really easy. We have a 24/7 online platform which means that you can transfer money at your own convenience, from your home computer or laptop, your office or any other location which suits you, so you do not have to visit the bank or a shop to transfer money. The online payments system is user friendly and allows you to complete your payments at a time which suits you, simply, in a matter of minutes.
Your funds can be received faster with Xendpay. If you are transferring Euros to Portugal and we receive your payment instructions and funds before 12pm on a working day, the payment will be made on the same day and the money can be received on the same working day. Please see our delivery times for further information.
Xendpay is authorised by a UK government agency, the Financial Conduct Authority for the provision of payment services and are regulated by HM Revenue & Customs, so you will know that your are transferrinf funds through a company who are obliged by law to abide by strict regulations when they process your money transfer.
Why should I transfer money through Xendpay?
- Great exchange rate.
- Low transfer fees
- Transfer money 24/7, online
- Online and telephone assistance
- No need to visit shops or to queue
- Your money will be received quickly.
- Easy way to transfer money to Portugal.