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THE PORTUGUESE MULTIBANCO DEBIT CARD

THE PORTUGUESE MULTIBANCO DEBIT CARD

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THE PORTUGUESE MULTIBANCO DEBIT CARD

In Portugal, many banks, solid and often state owned are willing to give out plastic debit cards to both their nationals and to foreigners, asking that you deposit a minimum of њ50 with which to open a bank account. Cheque books are also available if required. The name of this plastic debit card is the Multibanco.

In Portugal this card can be used in more than 95% of shops and restaurants, payphones, road tolls etc, and this one system covers the entire country and its banks. Because the Multibanco is a debit card you must have enough funds in your bank account to honor payments, which will be debited instantly, similar to the Switch debit card system in the U.K.
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