Why Multibanco Is Portugal’s Favorite Payment Method

Multibanco dominates the Portuguese market because it offers:

• Integration with all major Portuguese banks, making it universally accessible.
• Local currency support (EUR) with no conversion costs.
• Familiarity, as players already use it at ATMs and for utility payments.
• High security, with bank-level authentication on every transaction.

This deep connection to everyday life makes Multibanco a natural choice for casino players in Portugal.

How Multibanco Deposits Work at Casinos

Depositing with Multibanco is easy:

1. Select Multibanco in the casino cashier.
2. Receive a unique reference number generated by the casino.
3. Complete the payment via ATM, banking app, or online banking.
4. Funds appear in your casino account after confirmation.

Withdrawals are less common via Multibanco, so casinos usually process payouts through bank transfer instead.

Multibanco vs. Other Payment Methods in Portugal

• Vs. Credit/Debit Cards: Multibanco is more trusted locally and avoids sharing card details.
• Vs. PayPal/Skrill/Neteller: E-wallets are flexible, but Multibanco is simpler and fully domestic.
• Vs. MB WAY (Portugal’s mobile extension): MB WAY is app-based, while Multibanco covers bank + ATM + online transactions.

This makes Multibanco the default local banking choice for casino deposits in Portugal.

Casino Bonuses with Multibanco Deposits

Most casinos that accept Multibanco allow deposits to qualify for bonuses, including:

• Welcome offers with matched deposits.
• Free spins on popular slots.
• Reload and cashback deals for returning players.

Since Multibanco is treated like a bank transfer, it is rarely excluded from promotions. Always confirm minimum deposit requirements in the casino’s terms.

Pros & Cons of Multibanco Casinos

Advantages

• Portugal’s most trusted payment system.
• Instant deposits in euros.
• Strong security and local familiarity.
• Widely accepted at Portuguese-facing casinos.

Disadvantages

• Withdrawals usually require a separate bank transfer.
• Limited to Portugal — not useful abroad.
• Slightly slower than e-wallets for some deposits.

Still, Multibanco remains the top local payment option for Portuguese players.

FAQs About Multibanco Casinos

Is Multibanco safe for casino deposits?

Yes. It’s operated by Portugal’s interbank network with strict banking security.

Do Multibanco deposits qualify for bonuses?

Yes. Most casinos allow Multibanco deposits to trigger welcome and reload offers.

Can I withdraw winnings with Multibanco?

Not usually. Withdrawals are generally processed via bank transfer.

Is Multibanco only available in Portugal?

Yes. It’s a domestic system exclusive to Portuguese banks.