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.
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 Azimo, transfers from this provider normally take [SPEED]. The cheapest provider we found is Azimo at 0.5% above the Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using TorFx when transferring EUR to EUR.
This means that by using TorFx for online money transfers to Belgium from Spain, 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 TorFx for any reason, our comparison engine has found XE and Instarem also to be very good options when sending EUR – EUR.
This recommendation was updated one minute ago.
Azimo 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 Spain to Belgium
When sending money from Spain 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, Azimo 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.
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.
To avoid high fees you can opt to use an online money transfer provider such as Azimo to pay for your transfer to Belgium.
With TorFx 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.
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 TorFx 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 Spain 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 TorFx, XE and Instarem.
Before sending money to Belgium from Spain, you should consider the following:
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:
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:
If your recipient is going to collect or have the money delivered to them in Belgium, then they will usually need the following:
The amount of EUR you can receive from Spain 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 Spain before making your transfer.