International Money Transfers

Send Money to Belgium

Belgium flagWith the following Belgium Money Transfer Guide, you will be able to maximise the value of your currency every time you need to make international money transfers.

We will show you how to send money to or from Belgium with lower fees and better currency exchange rates than any of your local banks.

Best For Transfers To Belgium:

Currenciesdirect logo

No fees

Minimum transfer = £/€/$100

Over 325,000 Active Clients

Great Online System and App

Consumer & Business Awards

Visit Currencies Direct For Quote
Best For Transfers From Belgium:

MoneyCorp logo

No fees

Minimum transfer = £/€/$50

Dedicated dealer available

Easy transfers made online and app

More than £35.5bn in Turnover

Visit MoneyCorp For Quote

Worth noting: Both companies provide a quality and reliable service with no fees and great exchange rates. The only difference is made by the minimum amount needed to initiate a fee-free transfer.

The Guide’s Topics:

Best Company To Transfer Money To Belgium

Payment Facility



currencies-direct logoMin. Transfer: £ / € 100.
Transfer: Online or by Phone.
Wire Fees: None.

- GBP: 1.1755 EUR to 1.1797 EUR
- CAD: 0.7556 EUR to 0.7583 EUR
- USD: 0.9647 EUR to 0.9681 EUR
CurrenciesDirect Review
TorFX logoMin. Transfer: £ / €100.
Transfer: Online or by Phone.
Wire Fees: None.
Best Rates for £5,000+
Expected Rates* for £5,000+:
- GBP: 1.1732 EUR to 1.1767 EUR
- CAD: 0.7541 EUR to 0.7564 EUR
- USD: 0.9627 EUR to 0.9656 EUR

currencyfair logoMin. Transfer: £ / € 1.
Transfer: Online or using the App.
Wire Fees: € 3

Expected Rates*:
- GBP: 1.1755 EUR to 1.1765 EUR
- CAD: 0.7556 EUR to 0.7562 EUR
- USD: 0.9647 EUR to 0.9654 EUR
Currencyfair Review
Belgium BankBig International Transfer Fee + Currency Exchange Fee. Double The Cost Of Commercial FX.

Exchange rate would be approximately *:
- GBP: 1.1578 EUR to 1.1696 EUR
- CAD: 0.7442 EUR to 0.7518 EUR
- USD: 0.9501 EUR to 0.9598 EUR
paypal logo2.9%+ Transfer Fees, and 2.5% more for Currency Exchanges. Quick but expensive.

Exchange rate would be approximately *:
- GBP: 1.1519 EUR or worse
- CAD: 0.7442 EUR or worse
- USD: 0.9501 EUR or worse

* Expected Rates reflect our rate expectations based on our research. We do not guarantee accuracy. For some companies, we used a range of rates because they offer wholesale rates for large trades and higher rates for small trades.

Supported Countries & Payment methods

MoneyCorp brings a lot of experience to the table as they have been in this business for more than 35 years and kept on growing throughout this time. They have a very low minimum transfer of only €50 and for many countries, they will provide a fee-free money transfer. Just go to their website and fill the form in order to get a free quote.

Tip: Both companies have a French version of their website that is easily accessible by clicking the French flag in the top right corner before starting the process to send money to Belgium.

Best Company to Transfer Money from Belgium

Service Provider



MoneyCorp logoMin. Transfer: £ / € 50.
Transfer: Online or by Phone.
Why Them? 2 Year Forward Contracts. Operating since 1979. £11Bn in Annual Turnover
MoneyCorp Review

Supported Regions & Currencies

All the Euro using countries are under the Anti-money laundering laws, which applies to the entire territory of those countries. There are no differences like you can find in the USA where they have state-by-state laws.

In short, this means that any company working with currencies in Belgium is able to provide its services in all parts of the country.

Currencies: Both companies previously listed by us have access to many international currencies and, of course, a big focus is put on the Euro transactions. Great benefits are provided when sending money from Belgium to EU countries like France, Spain, Ireland, Greece, Portugal, Netherlands or Germany.

But having a great infrastructure means that you can easily send money to other smaller countries like Jamaica, Sri Lanka, Israel, Morocco or even New Zealand.

Today’s Foreign Exchange Rates for EUR

GBP to EUR – Pounds to Euro; 10,000 GBP is 11,814.3000 EUR

EUR to GBP – Euro to Pounds; 10,000 EUR is 8,464.3187 GBP

EUR to CAD – Euro to Canadian Dollars; 10,000 EUR is 13,167.8559 CAD

CAD to EUR – Canadian Dollars to Euro; 10,000 CAD is 7,594.2508 EUR

AUD to EUR – Australian Dollar to Euro; 10,000 AUD is 6,878.1766 EUR

EUR to AUD – Euro to Australian Dollar; 10,000 EUR is 14,538.7370 AUD

EUR to USD – Euro to US Dollars; 10,000 EUR is 10,314.3648 USD

USD to EUR – US Dollars to Euro; 10,000 USD is 9,695.2165 EUR

EUR to CHF – Euro to Swiss Franc; 10,000 EUR is 9,713.9060 CHF

CHF to EUR – Swiss Francs to Euro; 10,000 CHF is 10,294.5200 EUR

NZD to EUR – New Zealand Dollar to Euro; 10,000 NZD is 6,234.8868 EUR

EUR to NZD – Euro to New Zealand Dollar; 10,000 EUR is 16,038.7835 NZD

Popular EUR Routes

Popular currency transfer routes for people visiting this page:

  1. Transfer from UK to EU (GBP to EUR)
  2. Transfer from EU to USA (EUR to USD)
  3. Transfer from Canada to EU (CAD to EUR)
  4. Transfer from Australia to USA (AUD to EUR)

Is now the best time for EUR?

Do you do business in other countries? Have you ever considered purchasing a property or making another large investment in a foreign country? At some point, you are going to need to exchange your currency for that of another country. Many people simply go to their bank and let them convert the currency, but they probably aren’t getting the best value. Use the historical information we gathered for you to quickly see past exchange rates of EUR, GBP, USD, CHF, and JPY.

EUR to GBP rates

EUR / GBP20122013201420152016201720182019

EUR to USD rates

EUR / USD20122013201420152016201720182019

EUR to CHF rates

EUR / CHF20122013201420152016201720182019

EUR to JPY rates

EUR / JPY20122013201420152016201720182019

Why Send Money To A Belgium Bank Account

As one of the founding countries of the European Union, Belgium is a modern and private enterprise economy with a highly developed transport network. It was also the first country to undergo an industrial revolution in Europe in the early 19th century.

Real estate: During the recession, Belgium was spared from the big falls in property value suffered by many other European countries. This has led to a relatively stable real estate market. Property values are rising again in Belgium after a small decline in 2014 (the similar situation with Lithuania), with the average price of a regular house in Belgium standing at €202,137 in the third quarter of 2014.

Biotech: In 2014, two out of three IPO’s on the Euronext Brussels list were biotech companies. In 2015, another Belgian company, Bone Therapeutics, has further established the biotech sector as one of the most prolific sectors in the country.

Relocating To Belgium?

If you consider moving to Belgium, you may find the following information helpful.

Advantages Of Moving To Belgium:

  • Good Employment: Many employers give the 13th month of paid work per year in salary.
  • Agreeable Work Hours: 5% of employees work long hours.
  • High Level of Education for Population: 72% of adults aged 25 – 64 have completed upper secondary education.

Disadvantages Of Moving To Belgium:

  • Lower Average Annual Income: Average Household net-adjusted disposable income per capita is $28,307 USD per year.
  • Difficult for Non-EU Resident Employment: Belgian employers are reluctant to hire non-EU nationals for employment.
  • High Taxation: Tax rates are between 25% and 50% of income after social security deductions.

Popular Destinations in Belgium:

Popular cities for business and real estate transactions in Belgium are: Brussels, Antwerp, Ghent, Charleroi, Liège, Bruges, Namur, Leuven, Mons and Aalst.

How Cheap Money Transfers Work

It’s important to realise that the primary business of an FX company currency exchange. This means that they are literally in the business of trading cash. To do this they needed to optimize all of the available channels and, therefore, they could offer a better and cheaper service than the competition.

These companies buy currency in large volumes at a reduced, bulk price. When a customer decides to place an international money transfer, it indirectly helps the company to distribute and re-sell their currency for a profit margin. The bigger the transfer that is placed, the more money that comes their way. This is when they are able to offer you a No Fee transaction.

What you need to send money to Belgium

  • Your identity card
  • IBAN
  • Swift/BIC Code
  • Account Number
  • Receiver’s Complete Name

After you provide all the details listed above, the process is simple:

  • You create a free account with the company.
  • Receive a quote from one of the dealers – be it online or by the phone.
  • Send the money to your account so you can fund the transfer.
  • Get a confirmation from the company (usually the same dealer that gave you the quote) that the transaction is completed.

Our Company Recommendation:

Regulations and taxes when sending money to and from Belgium

Belgium has no regulations or currency controls, as a member of the Eurozone’s single currency. Transferring money in and out of Belgium is not restricted for non-residents and residents alike. This applies even to countries outside the Eurozone.

The Eurozone’s single payments system for all member states, as well as Iceland Liechtenstein and Norway, has simplified money transfers.

The National Bank of Belgium

The National Bank of Belgium oversees payment systems to ensure the stability of its financial sector.

The European Central Bank (ECB) sets the single monetary policy.

Transfer regulations

Foreign Direct Investments (FDI) in Belgium do not require government approval.

Transfers over EUR10,000 must be declared to European Union authorities.

Taxation on foreign income

Belgian residents are taxed on any foreign income. Non-residents are taxed only on income originating in Belgium. Double tax treaties are in place to avoid double-taxation.

Biggest banks in Belgium

  • ING Belgium
  • KBC
  • AXA Bank
  • Dexia
  • BNP Paribas Fortis