Expat Forum For People Moving Overseas And Living Abroad banner
1 - 8 of 8 Posts

·
Registered
Joined
·
159 Posts
Discussion Starter · #1 ·
Have heard quite a few horror stories concerning the
safety of your cash with the banks here.
At present have an account with BPN which I transfer
cash into from my UK account as & when required.
I wonder do account holders in Portugal have the same
guarantees as in UK should there be problems?
After reading about the ongoing BPP fiasco it does give
me more than a little cause for concern.
Would appreciate your thoughts/experiences....:confused:
 

·
Registered
Joined
·
34 Posts
I also wondered about Portugese banks...

In Spain u get charged to have an account, I can't remember how much and its not much but I heard from expats there that they charge annually I think to have a card chequebook etc, is it the same in Portugal??

I found it very weird because in UK its totally free, in fact u get interest for putting cash in.. so not something i'd b happy with but worthwhile to kno if so and the charges?
 

·
Registered
Joined
·
132 Posts
it all depends on how much cash you have.....here in caldas da rainha there are various institutions but one in particular is the BCP wich have various agencys almost next to one another but theres one that takes care of vip clientes and give you everything for free,such as cheques credit cards and you have your own account manager that emails you constantly with updates,also anything that you speak or deal with him he puts in writting and signed by a bank official so you are getting what they promise
 

·
Registered
Joined
·
159 Posts
Discussion Starter · #6 ·
Hi Peter,
Many thanks for taking the trouble to find those articles for me.
Apologies for having taken so long to respond to your
replies (family festive commitments)....
After reading those & others I googled up I have decided to switch
to the CGD which,as you quite rightly say is the only bank in Portugal
to make the "safe banks list".

Once again many thanks for your help.
Happy New Year!



Silverwizard.
 
1 - 8 of 8 Posts
Top