There are several channels through which it is possible to transfer money in Portugal, and the Multibanco network is one of the most popular, not least because there is no associated charge. Making transfers through this channel has limitations, however, according to NM.

The limits can vary according to the financial institution with which you have an account, since this can, as revealed by the Bank of Portugal, establish its own limits for "commercial and risk management reasons", there is a maximum general ceiling, set at 100 thousand euros.

This is a way to prevent fraud and prevent the financing of illicit activities.

This ceiling, according to the Doutor Financeira portal, is applied for each operation, and not per day.

If you need to make a transfer greater than this amount, you can always carry out the operation at a branch of the banking institution where you have an account. It may, however, be necessary to provide clarification on the transfer if, due to its high amount, it may raise suspicions.