Info & Advice -- Money Matters
The Algarve remains notably cheaper than northern Europe and North America. Portugal uses the Euro and money can
most easily be taken out by ATMs (called MultiBanco). These are found even in the smallest towns, and you can withdraw
up to 200 euros per day. Check with your bank to see whether you can use your credit and debit card and what interest
and currency conversion fees you will incur. Credit cards are accepted in most hotels and restaurants, however some
smaller shops and supermarkets will only accept cash. Standard bank hours are Monday to Friday, 8:30 am to 3 pm.
Changing cash in banks is easy and shouldn't cost more than 3 euros commission. Banks in Portugal charge a substantial
commision for changing traveller's cheques, however more reasonable fees can be found in savings banks, building
societies and some large hotels.
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