GETTING YOUR MONEY HOME SAFELY AFTER A PROPERTY SALE

For property sellers, there is nothing more important than ensuring your money gets back to your home bank account as quickly and easily as possible. Here is one simple thing you can do to have things run a little smoother. Advise your lawyer how you wish to receive the proceeds of your sale before deed. If you wait until after deed, you may receive a cheque to deposit or a wire transfer into your Portuguese bank account.

Both scenarios would require you to visit your branch in person and then arrange a wire transfer to your home bank account. Additionally, if you exchange the proceeds of your sale with your Portuguese bank, you may not be told the exact exchange rate or amount you will get in your home currency, until after the transfer takes place. Some banks may also send euros to your home bank account, therefore, meaning your home bank will exchange the euros at a less favourable rate.

The GC Partners difference

Advise your lawyer to transfer the proceeds of