How Does ATMs & Cash Work in Portugal?
Last verified: 2025-06 · Europe
1The Quick Answer
The Multibanco ATM network is widespread and accepts foreign cards, but avoid Euronet machines which charge high fees.
2What You Need to Know
Portugal's Multibanco network is one of the most developed in Europe and ATMs are found even in small towns. Most foreign debit and credit cards work without issue. Euronet-branded ATMs found in tourist areas charge inflated fees and should be avoided — always use ATMs attached to recognised Portuguese banks such as Caixa Geral de Depósitos, BPI, Millennium BCP, or Santander. Always decline Dynamic Currency Conversion (DCC) when offered — choose to pay in euros to avoid a poor exchange rate.
3Practical Tips
Practical Tips
- 1Look for ATMs with the Multibanco logo inside bank branches — they almost never charge extra fees for foreign cards.
- 2Always select 'without conversion' or 'in euros' when the ATM asks about currency — DCC rates are extremely unfavourable.
- 3Cards are accepted almost everywhere including small cafes and markets; carrying €50-100 in cash is enough for most trips.
Important Warning
Euronet ATMs in tourist areas of Lisbon and Algarve charge high fixed fees and often present DCC — avoid them entirely.
How does this compare?
ATMs & Cash rules in nearby and similar countries:
Germany is more cash-dependent than most Western European countries — always carry euros as many restaurants and smaller shops are cash-only.
UK ATMs are widespread and free at supermarkets and post offices; contactless payments up to £100 are the norm but some small venues still require cash.
Cards are widely accepted across France, but some traditional markets and brasseries prefer cash — use Crédit Agricole, BNP Paribas, or Société Générale ATMs and always decline dynamic currency conversion.
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