Send Money from Portugal to Cape Verde

There is no single cheapest provider on this corridor — it depends on how much you send and how your recipient is paid. Compare the total amount received in Cabo Verdean escudos rather than the advertised fee, since the exchange rate margin is usually the larger cost. Bank deposit is typically cheaper than cash pickup.

Delivery ranges from minutes to a few business days depending on the provider and payout method. Western Union can deliver within minutes when you pay by debit card. Bank-funded and economy transfers typically take one to three business days but usually cost less. Transfers sent outside banking hours or over a weekend may not settle until the next working day.

Across the providers we compare, the available payout methods are bank deposit, cash pickup and card payout. The most widely used options in Cape Verde are bank deposit and cash pickup, with mobile money at one provider. The escudo is pegged to the euro. On an island economy a recipient's bank may be the only one on their island, which is why the breadth of a provider's bank list matters more here than usual. Not every provider supports every method, so check the table above before you commit.

No. Remitly and Western Union offer cash pickup in Cape Verde, so your recipient can collect the funds with valid photo ID and the transfer reference number. That said, bank deposit and cash pickup, with mobile money at one provider generally cost less than cash collection.

Providers rarely give you the mid-market rate — the reference rate you see on Google or Reuters. Instead they add a margin, typically between 0.4% and 4%, and keep the difference. That margin is often larger than the visible transfer fee, which is why a "no fee" service can still be more expensive overall. For EUR to CVE, compare the quoted rate against the mid-market rate to see the real spread you are paying.

Yes, provided you use a licensed provider. Every service listed on this page is regulated in Portugal under the Bank of Portugal, which requires safeguarding of customer funds and identity verification. Send only to people you know personally, keep your transfer reference private, and be sceptical of anyone pressuring you to send money urgently to someone you have not met.

Yes. Each provider sets its own transfer limits, which vary by how much identity verification you have completed and how you pay. Larger transfers may require additional documentation such as proof of source of funds. For transfers above roughly €10,000, a specialist foreign-exchange broker will often beat an app on rate.

Treat the Wise row on this page with care. Wise's support centre does not list this destination among the countries it can send to, and answers that gap directly: a recipient in a country off the list can be reached "if their account is denominated in USD, EUR or GBP". Wise's marketing page for this same corridor says the opposite — that the recipient is paid in local currency from a Wise local bank account — but that sentence is templated and appears word for word on destinations that are on the list and destinations that are not. The pricing points the same way as the support centre: across the corridors on this site the median Wise fee is about 1 percent of the amount sent where the currency is on its supported list, against about 4.5 percent where it is missing. The figure shown here is real; what is not settled is whether the money can arrive as local currency. Confirm that with Wise before relying on it. The Cape Verdean escudo is pegged to the euro, and it would be easy to assume that means every service gives you the same rate. They do not. On the day this was checked Wise quoted 1 EUR to 110.559 escudos and Remitly quoted 107.96 — a gap of about 2.3 percent. On 1,000 EUR that difference is worth roughly 23 EUR on its own, which is half of what Wise charges in fees for the whole transfer. A peg constrains the official rate; it does not oblige a service to pass it on. That is why the offer of no fee on a first transfer needs reading carefully here. A service can waive a fee and still be the more expensive option, because on this corridor the rate is where most of the money moves. Compare the escudos that arrive. This is an expensive corridor whichever service you use: Wise's cheapest published method costs 45.35 EUR on 1,000 EUR, about 4.5 percent. Cape Verde is among the most remittance-dependent economies in the world, which is the combination that makes comparing worth the few minutes it takes. Wise's credit card figure is not quoted here. Two independent reads of the page on the same day returned 58.23 EUR and 77.06 EUR. Its debit card row held at 52.64 EUR across both reads and is published — the card rows are checked individually rather than withheld as a pair. Wise's Portuguese pages offer an open-banking payment option that its American, Singaporean and Swiss pages do not — a direct bank payment authorised through your own bank rather than a card or a manual transfer. At 45.35 EUR it is the cheapest route on this corridor, below even funding from a Wise balance at 45.44 EUR.