Aveiro

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Banks and ATMs

Sections

Banks and ATMs in Aveiro, Portugal

Types of Banks Available

  1. Local Banks:

    • Caixa Geral de Depósitos (CGD): State-owned bank offering a range of services.
    • Banco BPI: Provides personal and business banking services.
    • Millennium BCP: One of the largest private banks in Portugal, offering various financial products.

  2. International Banks:

    • Santander: Offers personal and business banking services.
    • Deutsche Bank: Provides investment and corporate banking services.

Services Offered

  • Personal Banking: Savings accounts, current accounts, loans, mortgages.
  • Business Banking: Business accounts, loans, credit facilities.
  • Investment Services: Wealth management, investment funds.
  • Online Banking: Most banks offer mobile and online banking services.

Operating Hours

  • Typical Hours:
    • Monday to Friday: 8:30 AM - 3:00 PM
    • Some branches may open later or close earlier, especially on Fridays.
  • ATMs: Available 24/7.

ATM Availability

  • ATMs are widely available throughout Aveiro, including at banks, shopping centers, and tourist areas.
  • Look for ATMs with the logos of your bank or major networks (Visa, Mastercard) to avoid higher fees.

Fees for Withdrawals

  • Domestic Withdrawals: Generally free for local cards.
  • International Cards: Fees can range from €3 to €5 per withdrawal, plus any fees charged by your home bank.
  • Exchange Rates: Be aware of the exchange rate used for currency conversion, which may not be favorable.

Procedures for Opening a Bank Account

  1. Required Documents:

    • Valid passport or national ID.
    • Proof of address (utility bill, rental agreement).
    • Tax identification number (NIF) from the Portuguese tax office (can be obtained easily).
    • Employment or student status documentation (if applicable).

  2. Steps:

    • Visit a local bank branch.
    • Fill out the application form.
    • Submit required documents.
    • Initial deposit may be required (usually around €50-€100).

  3. Timeframe: Account opening can take from a few hours to a few days, depending on the bank.

Local Considerations and Tips

  • Language: While many bank staff speak English, it’s helpful to know basic Portuguese phrases.
  • Banking Apps: Download your bank’s app for easy access to services and account management.
  • Cash vs. Card: While cards are widely accepted, carry some cash for small purchases, especially in local markets.
  • Security: Use ATMs in well-lit, populated areas and be cautious of your surroundings when withdrawing cash.

Conclusion

Aveiro offers a variety of banking options with accessible services. Familiarize yourself with local banks, their fees, and procedures to ensure a smooth banking experience.