There are also over 140 banks operating in Belgium, with most being branches of foreign banks. Each will offer different terms and conditions for business banking and a different fee, so do your research!
For example, our team member Anastasiia Dehtiarova
, when she was living in Belgium, would use the services of the Belfius bank. As long as the official papers for the company and local residence are in place, there is no issue with opening a bank account for a foreigner in Belgium. Most operations can be done through home banking (and the desktop and mobile apps), which is straightforward and can be translated into English. When it comes to more complex operations like opening and closing accounts, major changes or additions to your banking, such as address and branch changes, you need to come to your bank in person. If your French or Dutch are not good enough, you will need to find an English-speaking manager or operator, or bring a local friend. Some internal operations, such as account opening or closure, take days. Most transfers arrive within 1-2 business days. Elina Jutelyte
prefers KBC to any other bank. KBC has the most advanced mobile app, which means you don't even need to open your bank application on your computer. KBC also provides the unique GO Solid
- a service that helps the account holder recover overdue and undisputed invoices at no extra charge. All you need to do is to submit the documentation via the KBC mobile app and KBC experts will follow it up for you. She also likes that the app allows you to couple additional services in one place: mobility fees, buying entertainment tickets, automate utilities payment services and much more. What is even more amazing, KBC now includes a special service called NOW JOBs, which allows you to recruit flexible staff (students or people looking for extra income). All you need to do is register your business with NOW JOBs and start placing your vacancies.