Multibanco is the most popular payment method in Portugal.

It is a post-pay payment method. A reference for the payment is generated at the checkout which can be paid through an ATM with a debit card or at home via the online banking environment.

People use a debit card to pay Multibanco references through an ATM. They can also use online banking to pay Multibanco references.

 Multibanco reference always include:

  • A reference
  • An entity number
  • Payable amount value
  • Due date/Expiry date.

The expiry date of Multibanco references can vary: from D, D+1, D+3, D+30 to D+90.

Multibanco references are valid until the end of the expiry day. If a reference is generated at 1:30 PM and the expiry date is D (same day), the reference is payable until 11:59 the same day. If the expiry date is D+1 (next day), the reference is payable until 11:59 the next day.