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PORTUGAL’S ATM WITHDRAWAL LIMIT
The standard ATM limit in Portugal is generally €400 per day. But be prepared – your ATM might limit you to €200 per withdrawal. If so, try making a second withdrawal, even at the same machine, to get to the €400 limit.
Using your credit card and ATM in Portugal
Is there a limit on ATM withdrawals in Portugal?
BANCO SANTANDER ATM PORTUGAL SANTANDER BANK OF PORTUGAL
Clients of Santander Bank have access to bank branches and ATMs all over Portugal. If you have a Santander account, you’ll probably get a break on both ATM and exchange fees. Learn more by checking the Santander branch locator.
CAN I USE MY BARCLAY'S CREDIT CARD IN PORTUGAL?
BARCLAYS ATM PORTUGAL
If you’re a Barclays customer, you’ll have access to Barclays ATM in Lisbon, Portugal.
Located in: Colombo Shopping Centre (this is the largest shopping mall I have ever been in)
Address: f 9º 180, Av. do Colégio Militar 37, Lisboa
near the Benfica Soccer Stadium Phone: 967 853 126
WHICH ATMS DO NOT CHARGE FEES?
GLOBAL ATM ALLIANCE PORTUGAL
Several popular banks are part of the Global ATM Alliance, including Bank of America, Barclays Bank, and others. This network of ATMs allows customers from any of the participating banks to withdraw cash with no ATM fee. We used the A T M at the airport, we paid. $3.95 fee
What is a foreign transaction fee?
A foreign transaction fee is what your credit card issuer like Chase or Bank of America credit card companies charges when a transaction you make with your card is processed in a foreign currency ( Euros in Portugal) or passes through a foreign bank. To process these foreign transactions, your credit card company charges you a percentage of the amount of this transaction, typically 3%. You’ll probably see this fee listed on your card statement as a separate charge.
This means that if you spend $500 at a restaurant in another country, you might pay an extra $15 as a foreign transaction fee. This can add up on a long trip or if you purchase a lot of items on your trip.
How To Avoid Extra Fees While Shopping in Portugal
I prefer to use Euros when I am in Portugal so I can bargain with the merchants. Some small stores and locals at outdoor shops do not always take credit cards.
WHY DOES THE SHOP OWNER ASK ME IF I WANT TO USE DOLLARS OR EUROS?
CHOOSE EUROS
When you are ready to purchase a souvenir and decide to charge it to your credit card. The merchant will ask whether you want to pay in U.S. dollars or Euros. It may sound convenient to choose the currency you’re familiar with (dollars) if you’re American, you’ll probably have an idea of how much the item would cost at home, in U.S. dollars.
It is a good idea to choose Euros.
Here’s why.:
If you choose to pay in U.S. dollars, the merchant gets to choose the exchange rate to convert the cost of the item. It’s called dynamic currency conversion (DCC). The merchant can choose the exchange rate they want to charge. The store owner does not have to tell you the amount of the exchange.
If you choose to pay in euros your credit card company will handle the conversion. Your card often gives you the best rate.
One European study found exchange rate markups from 2.6% to 12%. by the shop owners. As DCC is optional, you have the right to decline it when offered.
https://branchlocator.santander.com/?defaultLanguage=pt Using your credit card and ATM in Portugal
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