In today's globalized economy, cross-border money transfers have become increasingly common. For those needing to send funds to Portugal, understanding the proper banking details and transfer mechanisms can ensure secure and efficient transactions.
CAIXA ECONOMICA MONTEPIO GERAL, one of Portugal's prominent financial institutions, uses the SWIFT/BIC code MPIOPTPL TIT for international transfers. The bank is headquartered at RUA JOAO CHAGAS 53, 0 floor, 1495-072 in Algés, Portugal.
When transferring substantial amounts such as $10,000.00 to Portugal, recipients would typically receive approximately €8,455.00 after currency conversion. The actual received amount depends on exchange rates and transfer fees applied by both sending and receiving banks.
The SWIFT network remains essential for international money transfers, ensuring funds reach their intended destination accurately and efficiently. Both corporate clients and individual users benefit from verifying banking details before initiating transfers to avoid delays or additional costs.
Financial experts emphasize the importance of selecting appropriate banking partners and confirming all transfer details when conducting cross-border transactions. Proper verification of SWIFT codes and recipient information helps minimize processing times and reduces the risk of errors in international payments.