Coimbra

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Banks and ATMs

Sections

Banks and ATMs in Coimbra, Portugal

Types of Banks

  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 services for both locals and expatriates.
    • Deutsche Bank: Provides banking services with a focus on international clients.

Services Offered

  • Personal Banking: Savings accounts, current accounts, loans, 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 banks may have extended hours on Thursdays until 5:00 PM.
  • Closed on Weekends: Most banks do not operate on Saturdays and Sundays.

ATM Availability

  • Locations: ATMs are widely available throughout Coimbra, including at banks, shopping centers, and tourist areas.
  • Functionality: Most ATMs accept international cards (Visa, MasterCard) and offer services in multiple languages.

Fees for Withdrawals

  • Domestic Withdrawals: Generally free for local cards.
  • International Cards: Fees can vary:
    • Withdrawal Fee: Typically around €3-€5 per transaction.
    • Currency Conversion Fee: May apply depending on your card issuer.
  • Advice: Check with your bank regarding international withdrawal fees before traveling.

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.
    • Employment or student status documentation (if applicable).

  2. Process:

    • Visit a local branch of your chosen bank.
    • Fill out the application form and submit required documents.
    • Initial deposit may be required (usually around €50-€100).
    • Account activation can take a few days.

  3. Types of Accounts:

    • Current Account: For daily transactions.
    • Savings Account: For saving with interest.

Local Considerations and Tips

  • Language: While many bank staff speak English, it’s helpful to know basic Portuguese banking terms.
  • Banking Apps: Most banks offer mobile banking apps for easy access to your account and services.
  • Customer Service: Be prepared for longer wait times during peak hours (mid-morning and lunchtime).
  • Safety: Use ATMs located in well-lit, busy areas to ensure safety during withdrawals.

Conclusion

Coimbra offers a variety of banking options suitable for both visitors and immigrants. Familiarize yourself with local banks, their services, and the procedures for accessing banking facilities to ensure a smooth experience.