MONEY AND CURRENCY IN PORTO

Money and Currency:

  • The official currency in Porto, Portugal is the Euro (€), and it is abbreviated as EUR. Banknotes and coins are used for daily transactions.
  • Currency denominations include banknotes in denominations of €5, €10, €20, €50, €100, €200, and €500, as well as coins in denominations of €1 and €2, and cents (1, 2, 5, 10, 20, and 50 cents).

Exchange and Banking:

  • It’s advisable to exchange currency at local banks, exchange offices, or ATMs to get the best rates.
  • Most banks in Porto are open from 8:30 AM to 3:00 PM on weekdays, closed on weekends.
  • ATMs are widely available and accept major credit and debit cards. They offer a convenient way to obtain cash in Euros.

Credit Cards:

  • Credit cards are widely accepted in Porto. Visa and MasterCard are the most commonly used, but you may also use American Express and other major credit cards in larger establishments.
  • Smaller shops, local markets, or some cafes may prefer cash payments.

Tipping:

  • Tipping in Porto is not obligatory but is appreciated. In restaurants, it’s common to round up the bill to the nearest Euro or add 5-10% as a tip.
  • In cafes or bars, leaving small change as a tip is common.

Useful Tips:

  1. Always carry some cash for small purchases, as some places may not accept card payments for low-value items.
  2. It’s a good idea to notify your bank before traveling to avoid any issues with card transactions.
  3. Keep an eye on your belongings in crowded areas and tourist spots to prevent pickpocketing.
  4. Check the exchange rate and conversion fees when exchanging money, as rates can vary between institutions.