How to Open an International Bank Account in Belgium?10 min read

How to Open an International Bank Account in Belgium?10 min read

Belgium is a very well developed country and it is very easy to open an international bank account in Belgium, whether you are an expat who moves there for work or a digital nomad looking for bank accounts while on the road. 

In this guide, we will learn about what you can get if you are looking to open an international bank account in Belgium and how you can make transactions using it.

What is the Easiest Way to Open an International Banking Account in Belgium?

An international bank account in Belgium can be used fully for individual and business banking. Digital banks make account opening easy, and all the paperwork can be electronically filled out anywhere in the world.

The Kingdom Bank gives the freedom to make an account completely online within a few clicks. All you need are simple identity documents such as a passport and proof of residence. 

Because The Kingdom Bank is 100% digital, you don’t have to travel to a branch during the onboarding. After your application is accepted, online banking credentials and a debit card will arrive in the mail so you can begin accessing your new foreign account immediately. 

To open an account with a traditional Belgian brick-and-mortar bank, though, you must visit it first.

What Transactions Can Be Done with an International Bank Account in Belgium?

An online international bank account in Belgium can handle all types of banking for personal and commercial usage. 

These are some of the more common transactions you can make:

• Accepting international wires and payments: Receiving money from clients, employees, or any other place outside Belgium.
• International wire transfers: Send money abroad for overseas shopping, investments or sending money home.
• Online and mobile banking: Access your money from anywhere, online and mobile banking. Pay bills, move money between accounts, and so on.
• Pay with your debit card: Use the debit card issued to your account when shopping in Belgium and abroad.
• Direct deposit: Direct deposit your wages, dividends or any other regular payments into your Belgian account.
• Pay bills: Pay local and foreign bills online from your account.
• Exchange: You can trade in more than one currency and switch between euros and other currencies.

As well as strong online and mobile banking, The Kingdom Bank international account will give you the possibility to handle your international funds from a single location in Belgium.

Can an Investment Be Made by Opening an International Banking Account in Belgium?

Yes, it is! Indeed, an international bank account can open up a whole world of opportunities for investment.

Through integrated brokerage services, The Kingdom Bank account holders access public markets around the world. Manage stocks and ETFs based on industry, geographies and investment objectives.

Robo-advisors provide easy automated portfolio management with global diversification built-in. Or ask a financial professional about individual solutions such as bonds, mutual funds or other assets.

Less reserved people can dip into the expanding crypto economy, depositing and trading digital currencies using The Kingdom Bank’s new crypto banking solutions.

Whatever asset classes and risks you prefer, an international account provides the perfect platform to construct a cross-border investment portfolio. It is an effective way to generate the best returns and opportunities from being in Belgium.

Who Can Do International Banking in Belgium?

Both individuals and businesses can open an international bank account in Belgium. 

For a quick recap of who is eligible:

• Expats: Those relocating to Belgium long-term for work, family or study can bank seamlessly.
• Freelancers/ sole proprietors: Independent freelancers working internationally can bank independently for both their personal and business accounts. Provide business registration documents.
• Small enterprises: Companies, NGOs, and other legal entities are allowed to open corporate accounts with The Kingdom Bank or any other provider with minimal documentation.
• Big businesses: Large businesses are able to access specialised international banking solutions for large institutional clients through big Belgian banks.
• Foreigners: Non-residents are also allowed to open an account online by remote banks such as The Kingdom Bank. Perfect for digital nomads and long-term travelers.

The majority of international-based people and businesses can apply for an international banking solution in Belgium.

Can Businesses Open an International Bank Account in Belgium?

Absolutely. Indeed, cross-border banking is nearly indispensable for enterprises doing any amount of cross-border business or commerce. Belgian banks also have business accounts that are designed for business use.

Multi-user support, import/export, individual debit cards, and custom payment integrations facilitate the management of business funds on an international level. Wire transfer services enable rapid transfers worldwide.

Moreover, the account opening process is business friendly. The documents required may be company registration documents and directors details. We offer encouragement to popular legal forms such as sole proprietorships, partnerships, corporations and non-profits.

Transaction charges are usually also competitive, as most challenger banks such as The Kingdom Bank provide startups with free setup and maintenance. Bigger companies have access to relationship managers and high-level private banking teams.

A foreign business bank account gives each company the structure needed to pay partners abroad, get paid internationally and grow international business out of a Belgian headquarters. If you have an international account, you can benefit from investments beyond the Belgian market. This gives you the opportunity to diversify your portfolio across geographical areas and asset classes from your Belgian residence.

Having an international bank account at The Kingdom Bank is an easy way to control international finances while staying in Belgium. 

From easy digital account opening to powerful features, The Kingdom Bank lets both individuals and organizations make use of the potential of foreign banking.

You might require payment abroad, investment worldwide or just a safe home for your finances, so an international account in Belgium is your solution. 

Just go online to The Kingdom Bank and apply for it quickly today.