Braga

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Banks and ATMs

Sections

Banks and ATMs in Braga, Portugal

Types of Banks Available

  1. Local Banks:

    • Caixa Geral de Depósitos (CGD): State-owned bank offering a range of services.
    • Banco BPI: Offers personal and business banking services.
    • Banco Santander Totta: Part of the Santander Group, provides various financial products.

  2. International Banks:

    • HSBC: Offers personal and business banking services.
    • Millennium BCP: One of the largest private banks in Portugal.

Services Offered

  • Personal Banking: Savings accounts, current accounts, loans, mortgages, and credit cards.
  • Business Banking: Business accounts, loans, and merchant services.
  • Investment Services: Wealth management and investment advice.

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 Braga, including at bank branches, shopping centers, and tourist areas.
  • Most ATMs accept international cards (Visa, MasterCard, etc.).

Fees for Withdrawals

  • Domestic Withdrawals: Generally free for local cards.
  • International Cards: Fees may apply, typically around €3-€5 per transaction, plus any fees from your home bank.
  • Currency Conversion Fees: Be aware of potential conversion fees if withdrawing in euros with a non-euro card.

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 with a passport).

  2. Process:

    • Visit a local bank branch.
    • Fill out an application form.
    • Submit required documents.
    • Initial deposit may be required (varies by bank).

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

Local Considerations and Tips

  • Language: Most bank staff speak English, but it’s helpful to learn basic Portuguese banking terms.
  • Banking Apps: Many banks offer mobile banking apps for easy access to accounts and services.
  • Cash vs. Card: While cards are widely accepted, carrying some cash is advisable for small purchases or in rural areas.
  • Safety: Use ATMs located in well-lit, busy areas to ensure safety during withdrawals.

Summary

Braga offers a variety of banking options with accessible services. Familiarize yourself with local banks, their operating hours, and fees associated with international transactions. Opening a bank account is straightforward with the right documentation. Always consider safety and convenience when using ATMs and handling cash.