Making payments to Portugal with Currency Index is simple, fast and secure. Call us on 0800 043 2623 (+44 1923 725725 from abroad) to find out how to use our friendly service, or register with us now without any cost or obligation for access to our bank-beating exchange rates today.
Currencies usually accepted: Euro
Typical time for transfer to arrive: Either same day (Swift Payment) or 2 days (SEPA Payment) when sent through Currency Index
Portuguese bank charges: Usually none, although use a SEPA payment to make sure
Payment details needed:
- Name of Beneficiary (and address if you have it)
- Name of Portuguese Bank (and address if you have it)
- IBAN (International Bank Account Number)
- BIC (Bank Identifier Code) or SWIFT code
The IBAN includes various codes, like your branch and account numbers, and is the standard system for sending Euro payments across Europe. Portuguese IBANs have 25 characters, starting with 'PT' followed by 25 characters, and can usually be found on your bank statement or other paperwork, along with your BIC or SWIFT code.
There are further technical details below, although the Currency Index payments team will take care of ensuring payment details are in the correct format before initiating any payments on your behalf.
Portuguese IBAN Format: PTkk BBBB DDDD CCCC CCCC CCCK K
B = Bank Code
D = Branch Number
C = Account No.
K = Check Digit
Portuguese BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD
B = Bank Code (Only Letters)
C = Country Code 'PT' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)