Cash in Porto

Use an ATM connected with a bank rather than something like EuroNet for a better exchange rate and lower fees. Having said that, however, it's not very easy to find bank ATMs and if you're only getting a small amount of euros it may be worth the small extra cost to just use one of those ATMs rather than search all over for a bank. I just got back from there and only used cash for small items - nearly every place took cards and some didn't accept cash at all. Taxis prefer cash but will take a card if pressed.

Even though I didn’t need to get cash while there, it has been recommended on the forum to use Multibanco ATMs. You can find their locations on Google maps to find one near your lodging.

Thank you guys!! Really appreciate it!

Just a small correction, different ATMs do not charge different exchange rates for an ATM transaction. Fees do vary, but in Portugal they typically are only a few euro.

Most ATMs are run by a third party network for the banks and are labeled "Multibanco" These are fine, likely will charge a fee. Euronet ATMs are all over, you get the same rate with those, maybe a bit higher fee.

Do be aware of DCC, (Do a search if you are unfamiliar) but always do the transaction in euros, not Dollars, and decline any conversion. If you agree with DCC, then you are no longer doing an ATM transaction, but a currency exchange transaction at a rate of their choosing.

Thanks so much for the info! I'll remember this!