Portuguese Bank with UK office

Share experience regarding ownership of property and/or living in Portugal.
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peterm
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Portuguese Bank with UK office

Post by peterm »

With a bit of building work liable to start soonish, we need to borrow some dosh. We've got an account in a Portuguese bank, but they want one of us to go out to apply for the money and both of us to go out to sign for it. A pain with the children etc.

Any recomended Portuguese banks with an English office to save us the trip.
digger
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Post by digger »

all pt banks have an office in the city of london, but peterm you are going to have to go out there to sign up and shake on it…… they don’t make it easy
Gary/Gaynor
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Post by Gary/Gaynor »

Peter

I have sent you a pm ref to this subject...
peterm
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Post by peterm »

Thanks for that.
Annie has been doing a little research and there seems to be plenty of choice.

She was talking to one who will check on building progress before handing over the next wad of cash. They do online banking too and have some economical scheme to save on transfer fees. Looks good.

Having a very good day!
Mike Dickinson
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Portuguese Bank with UK office

Post by Mike Dickinson »

peterm, that sounds very interesting, could you please pm me with details?

We intend to move the the area later this year and are visiting next month to, amongst other things, open an account with a Portuguese bank.

Being able to transfer money economically and meanwhile use the account online whilst in the UK sounds ideal. Thanks, Mike D
Barry
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Post by Barry »

For what it is worth, Mike, I set up an account with Millennium bcp in Carvoeiro in December. The bank allows internet banking in English, which I have found very useful. Transferred funds from my UK account yesterday, and they were in my Portuguese account today. The cost for internet transfers between Portuguese accounts is about 1.5 euro. They also have a branch in Lagoa.
Barry
peterm
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Post by peterm »

Same bank. They also mention something about paying Portuguese utility bills from the UK (struggling a tad with leaflets in Portuguese).

107 Cheapside
London
EC2V 6DT
020 7600 8380

www.millenniumbcp.pt
digger
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Post by digger »

www.thebanker.com say:

Millennium bcp is the largest private financial group in Portugal. In October 2003, it merged its Banco Comercial Português, Nova Rede, Atlântico and Sottomayor brands in a new single brand – Millennium bcp. Less than a year later, its goals were achieved. It effected a symbolic change that reflects a real change in the operational structures – effectively re-founding the bank, strengthening the internal culture around the values that made Banco Comercial Português an international success story.

Clients have benefited the most from this change. During the past year, Millennium bcp grew in terms of credit and deposits and consolidated leadership in internet banking. A segmentation policy-refining programme strengthened capacity for innovation in products and commercial relation practices. The bank’s marketing strategy repositioned it as an open institution, attentive to people and strongly committed to creating value for clients and shareholders. “We are a young bank that integrates great historical banks and assumes the responsibility of continuing to make history in Portugal,” says CEO Jorge Jardim Goncalves


….and their website is in English
Guest

Post by Guest »

what about Barclays ?
peterm
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Post by peterm »

They are a bank too?

What are you saying.
Barry
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Post by Barry »

Peter, I sent funds over mainly to pay my lawyer, since it will only cost me 1.5 euros for the transaction, and I should be able to do it on the internet from the UK. I was taking advantage of a (slight) improvement in the exchange rate. Only problem is that he hasn't billed me yet for a house purchase that was completed in November 2004. Is this usual?
Barry
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Post by kteee »

peterm wrote:They are a bank too?

What are you saying.
They now have an office in Lagoa
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