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How to transfer money to Portugal?

Buying a property abroad can be an incredibly exciting but stressful time. A good preparation makes all the difference; whether it is about finding the right property, choosing the right lawyer or transferring money to another currency.

If the money to purchase your dream property is currently available in British Pounds, US Dollars or Swedish Krona or one of the many other currencies, you will have to exchange to Euros to buy the property. 

As exchange rates fluctuate by the second, it is really important to plan your exchange accordingly and start with this in an early stage. It can take several weeks to months before you have found the right property and again a few weeks or months before the sale will be completed. The exchange rate will move during all that time. To avoid paying much more for buying your property abroad, making a plan for the money to be transferred to Portugal is a smart decision! 

  • How does it work to transfer money to Portugal? 
  • Do I need a bank account?


Step 1
Work out your budget, whether that will be converting your Pounds to Euros, US Dollars to Euros or one
of the many other currencies. Don't forget to including buying costs, lawyers fees and taxes.
Step 2
Speak to a professional at Global Currency Exchange Network (GCEN) and you will have a guideline of how much your Pounds or Dollars are worth and how much you have available to spend on your new home in Portugal.
Global Currency Exchange Network (GCEN) can explain to you how the exchange rates have been moving over a period of time and what a realistic exchange rate is and how they can help you achieve a better rate than your bank.

Step 3
Once ready, GCEN can help you convert your money securely, not only for your property purchase, but also for any ongoing bills, mortgage payments or pension transfers and anything else you may require.


For over 14 years, Global Currency Exchange Network (GCEN) have been helping clients transfer their money around the world, safely and securely. GCEN/GCS have a highly experienced team with offices in Portugal, UK, Dubai, Spain and Malta and since 2003 they’ve helped thousands of people convert currency to buy their home. They are authorized by the FCA (registration number 504346) and GCS is regulated by the Financial Services and Markets Act 2000.

They have compiled a guide to answer all the questions you have on transferring money abroad.

Read more about how GCEN can help you, by viewing this helpful guide. 
Best regards, 

Chantal Bruining 

Albufeira: (+351) 289 501 664
São Brás de Alportel: (+351) 289 841 751
Moncarapacho: (+351) 289 247 824