Guimarães

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Banks and ATMs

Sections

Banks and ATMs in Guimarães, Portugal

Types of Banks Available

  1. Major Banks:

    • Caixa Geral de Depósitos (CGD): State-owned bank with a wide range of services.
    • Millennium BCP: One of the largest private banks in Portugal, offering personal and business banking.
    • Santander Totta: Part of the global Santander Group, providing various financial services.
    • Novo Banco: Offers personal banking, loans, and investment services.

  2. Local Banks:

    • Banco BPI: Provides personal and business banking services with a focus on customer service.
    • Banco CTT: Operated by the postal service, offering basic banking services.

ATM Locations

  • ATMs are widely available throughout Guimarães, particularly in:
    • City center (near Praça de São Tiago and Avenida de São Gonçalo)
    • Shopping centers (e.g., Guimarães Shopping)
    • Major banks' branches
  • Look for ATMs with the logos of your bank or international networks (Visa, Mastercard, etc.) for better withdrawal options.

Fees for Withdrawals

  • Domestic Cards: Typically, no fees for withdrawals at ATMs of the same bank.
  • International Cards: Fees can range from €3 to €5 per transaction, plus a currency conversion fee (usually around 1-3%).
  • Check with your home bank for specific international withdrawal fees and exchange rates.

Operating Hours

  • Banks: Generally open Monday to Friday, 8:30 AM to 3:00 PM. Some branches may have extended hours on Thursdays.
  • ATMs: Available 24/7, but may have limited services (e.g., cash deposits) outside of banking hours.

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. Steps:

    • Visit a local bank branch.
    • Present required documents to a bank representative.
    • Complete the application form and provide any additional information requested.
    • 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 Tips and Considerations

  • Language: While many bank staff speak English, it’s helpful to know basic Portuguese phrases.
  • Cash vs. Card: While credit and debit cards are widely accepted, some smaller shops and markets may prefer cash. Carry some euros for small purchases.
  • Safety: Use ATMs located in well-lit, busy areas. Be cautious of your surroundings when withdrawing cash.
  • Banking Apps: Consider downloading your bank's mobile app for easy access to account management and transaction tracking.

Conclusion

Guimarães offers a variety of banking options and ATMs, making it convenient for both residents and visitors. Familiarize yourself with local banking practices and fees to ensure a smooth financial experience in the city.