A business in Portugal that handles more than the euro can hold and convert several currencies through providers such as Wise Business, Revolut Business, Airwallex and Qonto, or open a foreign currency account at a traditional bank. The exchange spread on conversion usually matters more than the monthly fee.
- Domestic currency
- The euro, with SEPA payments across the single euro payments area
- Multi currency providers
- Wise Business, Revolut Business, Airwallex and Qonto among others
- Main cost
- The exchange spread on conversion, plus any per transfer fee
- IBAN
- Portuguese or foreign IBAN depending on the provider, as of 29 April 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Multi currency business accounts in Portugal
Portugal uses the euro, so a domestic SEPA account covers euro payments across the single euro payments area. The need for more than one currency comes when a business invoices in US dollars or British pounds, pays overseas suppliers, or sells through international platforms. Two routes exist. International providers such as Wise Business, Revolut Business, Airwallex and Qonto let a business hold and convert several currencies in one account, often with local account details in major markets. Traditional Portuguese banks such as Millennium BCP, Caixa Geral de Depositos and Novo Banco can open foreign currency accounts, though the exchange spread is usually wider. As of 29 April 2026, compare the conversion cost and the supported currencies before you choose.
What to compare
- The exchange spread on conversion, which for cross border businesses usually matters more than the monthly fee.
- Which currencies you can hold and receive, and whether you get local account details for markets such as the United States, the United Kingdom or the euro area.
- The cost of sending and receiving, including any charge for non SEPA or urgent transfers.
- Whether the provider offers a Portuguese IBAN or a foreign IBAN, since some local counterparties prefer a local IBAN.
Holding currency against converting it
A multi currency account lets a business hold a balance in a foreign currency and convert when the rate suits, rather than converting on every payment. That helps a business that both receives and spends in the same currency, since it avoids converting twice. As of 29 April 2026, confirm the holding currencies, the conversion fee and any limits with the provider.
Compare business accounts available in Portugal
These providers serve business customers in Portugal. Fees and eligibility shown as of 29 April 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about multi currency accounts in Portugal
Can I open a multi currency business account in Portugal?
Which currencies can I hold?
Do I get a Portuguese IBAN or a foreign IBAN?
What does currency conversion cost?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 29 April 2026. Confirm current terms with the provider before applying.