Best ways to send money to Belgium from Portugal
🏅 The overall best way to send EUR to Belgium: Currencies Direct
💲 The cheapest way to send money to Belgium from Portugal: Profee
⏲️ The fastest way to send money to Belgium from Portugal: Profee
🏦 The best way to send money from Portugal to Belgium via a bank transfer: Currencies Direct
💳 The best provider for credit card transfers from Portugal to Belgium: XE
💳 The best provider for debit card transfers from Portugal to Belgium: Currencies Direct
EUR to EUR
Belgium is located in Western Europe and sandwiched between the Netherlands, Germany, Luxembourg and France. As the host country of the European Union headquarters, it makes sense that the official currency of Belgium is EUR and has been since 1999. As you will be converting your funds from EUR to EUR you will want to be kept abreast of any political and economical developments which may affect either currency.
Belgium has become one of the financial nucleuses of mainland Europe and the country now boasts some of the most sophisticated banking systems in the industry. Mobile banking and digital payments are broadly used across the country, alongside traditional banking methods. International money transfers are commonplace and in 2019 Belgium was one of the major recipient economies to record an increase of personal remittances, with inflows of EUR 4.1 billion. From this data we can deduce that leading money transfer providers are accommodating of EUR transfers to Belgium.
Choosing the best service provider
Due to the fact the EUR is widely used across Europe and beyond, it is a trusted and commonly traded currency. For this reason, the EUR adds liquidity when traded with EUR.
The prevalence of EUR means most international money transfer companies facilitate payments of this kind. We want to find you the ideal service to suit your money transfer needs, no matter what your priorities are, and we believe exceptional global transfer services should not have to come with a huge price-tag.
The fastest provider is Profee, transfers from this provider normally take [SPEED]. The cheapest provider we found is Profee at 0.99% above the Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using Currencies Direct when transferring EUR to EUR.
This means that by using Currencies Direct for online money transfers to Belgium from Portugal, you are likely to save on transfer fees and benefit from fast speeds - so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access Currencies Direct for any reason, our comparison engine has found XE and Wise also to be very good options when sending EUR - EUR.
This recommendation was updated one minute ago.
The cheapest way to send money from Portugal to Belgium
Profee has been determined by our comparison engine to currently offer you the cheapest rates possible. Many customers are caught out by hidden fees and unexpected exchange rate mark-ups, so to avoid any disappointment at a later date, be sure to acquire all the relevant information before any funds are taken for payment.
Get the Best Rate and Sign Up for Rate Alerts Portugal to Belgium
The fastest way to send money from Portugal to Belgium
When sending money from Portugal to Belgium, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers.
Currently, Profee is the fastest way to send EUR - EUR. Typically these transfers should arrive with the recipient within 24 hours but it is important to consider delivery speeds are subject to daily cut-off times, office hours and public holidays. We recommend all customers review the terms and conditions in full before making a payment.
What payment methods are available when sending money from Portugal to Belgium?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer multiple options. You are likely to find the most common methods are bank transfers and card payments, but some providers also accept cash and some will even deliver funds straight to your recipient’s door.
When it comes to making an international money transfer from Portugal to Belgium you will need the IBAN number and BIC code of your recipient.
Sending money to Belgium from Portugal using credit card
To avoid high fees you can opt to use an online money transfer provider such as XE to pay for your transfer to Belgium.
Sending money to Belgium from Portugal using a debit card
With Currencies Direct you can send money online to Belgium using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Using a wire transfer to send money from Portugal to Belgium
Bank and wire transfers are the most common ways of sending money Belgium as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use Currencies Direct to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Belgium. If you're unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Belgium.
When sending money to Belgium from Portugal using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee. In some cases, the intermediary and incoming transfer fees will be covered by the receiving bank or financial institution in Belgium; this is something that should be clarified ahead of making payment.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as Currencies Direct, XE and Wise.
Considerations for a EUR - EUR Currency Transfer
Before sending money to Belgium from Portugal, you should consider the following:
The amount you want to transfer: It is likely that the more money you send to Belgium the more value you will get and more EUR the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
The EUR - EUR exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 1 and the lowest exchange rate margin is currently offered by Currencies Direct at 0.99% above the mid market rate.
Hidden fees & charges: Before sending money to Belgium, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers Currencies Direct, XE and Wise will give insight here.
How to send money from Portugal to Belgium at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send EUR to EUR. After that it’s just a process of making your transfer via the following steps:
Click “Visit Site” inside our comparison table
Register for an account if required
Input how much you are willing to send
Fund your transfer
Receive & save an email confirming your transfer
How to receive transfers from EUR to EUR in Belgium?
Your recipient has a few methods available to receive your money in Belgium. These will vary between providers, but it is possible to find services that will:
Deposit EUR directly into a bank account
Enable the recipient to pick up cash a specific locations across Belgium
Deliver money directly to their door
Send EUR to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Belgium, then they will usually need the following:
Government issued photo I.D. including drivers license, passport or Belgian identity card (eID)
The money transfer reference number
Senders details and the amount of money sent
How much money can be transferred from Portugal to Belgium?
The amount of EUR you can receive from Portugal will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of EUR that can be received in Belgium or sent from Portugal before making your transfer.
About Money Transfers to Belgium from Portugal
We’ve compared the best money transfer providers to send money from Portugal to Belgium. The cheapest provider for EUR to EUR transfers is Profee, while the fastest is Profee.
|💰 Most transferred amount||1000EUR +|
|💸 Cheapest provider (on average)||Profee|
|⚡ ️Fastest transfer time||In minutes with Profee|
|💱 Currency Transfer Pair||EUR - EUR|
|📈 EUR - EUR mid market rate||1|
|💳 Pay-in options in Portugal||Bank transfer from Portugal with Currencies Direct, Debit card with Currencies Direct, Credit card with XE|
|💵 Pay-out options in Belgium||Bank accounts in Belgium, Debit card|
|🏆 Top 3 EUR - EUR providers||Currencies Direct, XE and Wise|