If you're moving to Portugal or planning to spend a lot of time here, you could also consider opening a Portuguese bank account. These accounts allow you to hold currency in euros or withdraw from ATMs with minimal ATM fees.
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Euronet is the most common company, but there are one or two others. These ATM companies charge you a hefty fee per withdrawal (as much as 13% of the total amount). If you're desperate for cash, they are always in very convenient locations.
ActivoBank PortugalWith a network of branches across Portugal, ActivoBank is known for its straightforward consumer banking services. It charges no account maintenance fees or annual card fees,³ and has an innovative mobile banking app.
Cards are by far the most popular cashless payment method in Portugal, including international cards from Visa and Mastercard. Both credit and debit cards are used, but debit cards are much more common.