atm, commission, euronet, portugal, sibs
At the end of 2017, Portugal had 14,500 ATM’s, less 2,800 than in 2011. Of these 14,500 ATM branches, only 11,823 belonged to the national SIBS network. As private ATM companies have been entering the domestic market – as is the case with Euronet – the number of ATMs in the public system has been decreasing on a regular basis. While the SIBS network offers free cash withdrawals, private operators charge steep commissions without warning.