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Send money to Portugal

Whether you’re purchasing property in Portugal or moving abroad, we help thousands navigate their currency exchange needs. Get tailored support today.

  • Bank beating exchange rates*
  • No fees
  • Cared for over 70,000 customers since 2000
  • Support from a dedicated currency specialist

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Home > Send money abroad > Transfer destinations > Send money to Portugal

Transfer money to Portugal with Lumon

Register for an account

Sign up online or over the phone in just a few minutes.

Secure your rate

Lock in a competitive exchange rate with no hidden fees.

Send us the funds

Transfer money via bank transfer, debit card, or directly from your wallet balance.

We make the transfer

Your currency will be sent swiftly and securely. You can relax knowing it’s in good hands.

Frequently asked questions

Are there any fees for sending money to Portugal? 

There are no hidden fees when you purchase your euros and make your transfer to Portugal with Lumon. Be aware that the recipient’s bank in Portugal may charge a fee to receive the funds – although this is unlikely. 

How long does it take to send money to Portugal? 

Lumon typically processes payments to Portugal via SEPA (Single Euro Payments Area) credit transfer, a fast and secure method. Transfers generally arrive the next day if made before 15:45 BST. For same-day payments, SWIFT is used, though receiving banks may apply charges.

What is the cheapest way to send money to Portugal?

At Lumon, you’ll secure a bank beating exchange rate on your international transfers. Our dedicated currency specialists track the markets so you don’t have to and can explore our range of products, like forward contracts, which can help you lock in favourable rates.

What details do I need to send money to Portugal? 

  1. Beneficiary’s name
  2. Beneficiary’s bank name
  3. Beneficiary bank’s SWIFT code: also known as a BIC number, this is used to identify their bank, similar to a sort code in the UK. It is made up of a combination of letters and numbers but always has the country code identified in the 5th and 6th digits, which for Portugal is PT.
  4. Beneficiary’s International Bank Account Number (IBAN): this must start with the country code (PT) and will comprise 34 alphanumeric characters in total. Our IBAN validator will also auto populate the SWIFT code, bank name and bank address.
  5. The reason for your transfer

Where can I find the necessary bank details? 

If you’re transferring money to your own account in Portugal, your bank statements will include the necessary details, such as your account number and IBAN.

If you’re sending money to Portugal for a property purchase, your solicitor will provide the required bank details. Be sure to verify this information with them before making the payment.

What is the best way to send money to Portugal?

There are a variety of methods for sending money to Portugal, including bank transfers, online platforms, and SEPA transfers, each varying in speed, cost, and convenience.

That’s why our dedicated currency specialists monitor the market closely and provide you with the insights you need to take control of your overseas transfers. Plus, with your secure online account, you can transfer at your own convenience and capitalise on a favourable exchange rate.

GBP to EUR live interbank rates

Property specialists

We can protect your property purchase from currency risk

Our team of currency specialists will ensure secure and cost-effective international transfers when you need to send money to Portugal from the UK. Our team are highly experienced in overseas property transactions, and are here to help you maximise your buying budget or profits when buying property abroad.

Buying a property in Portugal

Your trusted currency partner

Competitive exchange rates

Dedicated currency specialist

Dedicated currency specialist

helped customers

Helped over 70,000 customers since 2000

International prop

International property specialists

Bank beating exchange rates

We take pride in offering exchange rates that save you money compared to banks, helping your money go further.

Live exchange rates

We keep your funds safe

Protecting your money is our highest priority. When working with Lumon you can rest assured that our customer-centric service is reinforced by robust security measures.

How we protect your money

Our bank beating exchange rates

Get more euros for your money when you transfer £50,000 with us

€58,783
Nationwide
€58,305
Bank of Scotland
€58,205
Halifax
€58,205
Lloyds Bank
€58,205
Co-operative Bank
€57,425

This chart is intended to represent the range of euro outcomes a consumer may achieve on a £50,000 transfer of pounds to euros, inclusive of fees and charges. Comparison data for the high-street banks is from FXC Intelligence (FXC Intelligence | Payments Market Data for Global Payments).


Comparison data for the high-street banks utilises pricing data provided under licence from FXC Intelligence (FXC Intelligence | Payments Market Data for Global Payments), a specialist benchmarking tool, for transactions in September 2024. The Lumon rate is calculated by taking the GBPEUR spot rate from 1 September 2024 from the Bank of England (bankofengland.co.uk) and then applying the median FX cost percentage across 103 spot GBP to EUR transactions with a value in the range of £25,000-£50,000 performed by Lumon Pay Limited and associated Group Companies (Lumon Risk Management Limited, Lumon FX Europe Limited) for personal customers during September 2024.

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Supporting our customers

 

I have used Lumon for several years and I trust them to receive and move my money without question. I bought a property in Portugal and I moved large sums of money from my UK bank without a single issue. It was quick and the service was impeccable.

5-star customer review

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What our customers are saying


Whether you’re buying a property abroad, sending a one off payment or require regular payments, we’re here to help you send money to Portugal.

We’re here to help

Sending money to Portugal doesn’t have to feel overwhelming. Our team is dedicated to making the process as simple and hassle-free as possible, providing clear support every step of the way.

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