IBAN in Portugal
Portugal IBANs are 25 characters long, starting with PT. Below you'll find the format, an example, and 5 major banks with SWIFT codes.
Portugal IBAN Format
Euro · EUR
Portugal IBAN Structure
2-letter country code + 2 check digits + 4-digit bank ID + 4-digit branch ID + 11-digit account number + 2 check digits
How Bitwage Pays Portugal
Bitwage routes Portugal contractor payments via SEPA instant transfer — typically free and settling in under 10 seconds. You enter the contractor's IBAN and SWIFT code; Bitwage handles FX conversion and routing.
See all Portugal payment railsMajor Banks in Portugal with SWIFT Codes
Click any bank for a bank-specific IBAN example and payment instructions.
| Bank | SWIFT / BIC | |
|---|---|---|
| Millennium BCP | BCOMPTPL | IBAN guide |
| Caixa Geral de Depósitos | CGDIPTPL | IBAN guide |
| Novo Banco | NBYAPTPL | IBAN guide |
| Santander Portugal | TOTAPTPL | IBAN guide |
| ActivoBank | ACTVPTPL | IBAN guide |
Skip the SWIFT fee. Pay via Bitwage.
Route Portugal contractor payments via SEPA — same-day, near-zero fees.
Portugal IBAN FAQ
Common questions about Portugal IBAN format, validation, and international payments.
Portugal IBANs are 25 characters long and always start with PT. The structure is: 2-letter country code + 2 check digits + 4-digit bank ID + 4-digit branch ID + 11-digit account number + 2 check digits. An example Portugal IBAN looks like: PT50 0002 0123 1234 5678 9015 4.
For SEPA payments within the EU/EEA — including to Portugal — the IBAN alone is sufficient. For international SWIFT international wire transfer wires from outside the SEPA zone, you will also need the bank's BIC/SWIFT code.
Portugal is in the SEPA bank transfer zone, so Bitwage routes your payment via SEPA — typically for free or a fraction of a percent. No $25–50 SWIFT wire fee. Just enter the contractor's IBAN and Bitwage handles the rest via {{link:products/contractor-payments}}.
A valid Portugal IBAN is exactly 25 characters, starts with PT, and passes the mod-97 check digit algorithm. Bitwage validates all IBANs automatically before routing any payment — preventing misdirected funds. For batch payments, use {{link:products/masspay}} with CSV upload.
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