IBAN for Santander Portugal
Santander Portugal is a major bank in Portugal. IBANs at Santander Portugal are 25 characters long with SWIFT/BIC code TOTAPTPL. Portuguese arm of Santander Group. Bank code 0018.
Santander Portugal
Portugal · EUR
How to Pay Santander Portugal in Portugal via Bitwage
Portugal is in the SEPA zone. Bitwage routes payments to Santander Portugal accounts via SEPA instant transfer — typically settling in under 10 seconds, with fees far below a SWIFT wire.
Add Your Contractor
In Bitwage's contractor payments dashboard, add your Portugal contractor. Enter their Santander Portugal IBAN (25 characters) and SWIFT code TOTAPTPL.
Fund Your Bitwage Balance
Deposit USD into your Bitwage Balance. No need to pre-convert to local currency — Bitwage handles FX at a locked rate.
Execute the Payment
Bitwage converts your USD to EUR and routes via SEPA. Your contractor's Santander Portugal account is credited — typically same day.
Compliance & OFAC Screening
Bitwage screens every payment against OFAC sanctions lists before execution. International payments to Portugal may require standard EU AML checks and contractor W-8BEN documentation. Bitwage handles this automatically for all Portugal payments.
Key Terms & Resources
Other Banks in Portugal
Also paying contractors at other Portugal banks?
Santander Portugal IBAN FAQ
Common questions about Santander Portugal IBAN format, SWIFT code, and paying Portugal contractors.
Santander Portugal IBANs are 25 characters long and start with PT. A typical example is PT50 0018 0003 4701 1043 2010 2. Portuguese arm of Santander Group. Bank code 0018. For international payments you will also need the SWIFT/BIC code TOTAPTPL.
The SWIFT/BIC code for Santander Portugal is <strong>TOTAPTPL</strong>. This identifies Santander Portugal on the global SWIFT international wire transfer network. For SEPA transfers within the EU/EEA, the IBAN alone is sufficient — the SWIFT code is only required for non-SEPA international wires.
Add your contractor's Santander Portugal IBAN to Bitwage's {{link:products/contractor-payments}} platform. Since Portugal is in the SEPA bank transfer zone, Bitwage routes the payment via SEPA instant — typically settling in seconds at near-zero cost. No SWIFT wire fee.
Yes. With {{link:products/masspay}} you can include any number of Portugal contractors — including multiple Santander Portugal accounts — in a single CSV payment run. Bitwage validates each IBAN, locks the FX rate lock, and routes all payments simultaneously.
Related Resources
Pay Santander Portugal in Portugal
Without the SWIFT Fee
Skip the $25–50 wire fee. Bitwage routes via SEPA instant — faster and cheaper for every contractor payment.