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Top 3 Money Transfer Providers for Belgium to UK

Provider Amount Received Fee Exchange Rate Speed
Global Reach (formerly FC Exchange) Global Reach (formerly FC Exchange) GBP £9,077.59 No Fee 0.9078 1-3 days more...
OFX (UK) OFX (UK) GBP £9,030.00 No Fee 0.903 1-3 days more...
Moneycorp Moneycorp GBP £9,006.14 No Fee 0.9006 1-3 days more...
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BELGIUM
As a member of the single currency eurozone, Belgium imposes very few restrictions on overseas money transfers, having deregulated all individual and business foreign exchange transactions between residents and non-residents Read More
UK
There are no exchange controls in the UK for the pound sterling (GBP), and transferring money to the UK and sending money from the UK is very easy Read More
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Send money from Belgium to UK

Top 9 Money Transfer Providers

Latest prices for transferring money from Belgium to UK
Exchange Rates as of 20 September 2020, 23:34

Global Reach (formerly FC Exchange)

Est. 2005

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

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Amount Received
GBP £9,077.59
EUR €196.53
saved vs. banks

OFX (UK)

Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

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Amount Received
GBP £9,030.00
EUR €144.57
saved vs. banks

Moneycorp

Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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Amount Received
GBP £9,006.14
EUR €118.53
saved vs. banks

TorFX

Est. 2004

Excellent exchange rates | No transfer fees | Thousands of 5 star reviews 

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FXcompared Rating
Amount Received
GBP £9,086.75
EUR €206.53
saved vs. banks

Currencies Direct

Est. 1996

Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure

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Amount Received
GBP £9,086.75
EUR €206.53
saved vs. banks

WorldFirst

Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Amount Received
GBP £9,114.23
EUR €236.53
saved vs. banks

Currency Solutions

Est. 2003

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

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Amount Received
GBP £9,076.67
EUR €195.53
saved vs. banks

Smart Currency Exchange

Est. 2004
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Amount Received
GBP £9,068.43
EUR €186.53
saved vs. banks

RationalFX

Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
More InfoLess Info
Amount Received
GBP £9,077.59
EUR €196.53
saved vs. banks

How to Transfer Money from Belgium to UK

What is in this guide

Belgium to UK Guide

Belgium to UK Summary

Individuals and businesses may freely transfer money from Belgium to the UK, as both countries are members of the European Union, whose common policies allow for the free movement of capital. However, the UK is not a member of the Euro, which means that Belgium-UK money transfers will require the conversion of euros (EUR) to pounds sterling (GBP). Money transfers between the two countries are frequent, driven largely by international trade, investment and travel. Under regional anti-money laundering regulation, transfers to the UK that exceed a value of €10,000 must be declared to customs authorities.
 
Belgium to UK Visas and immigration
Thanks to the EU’s common free-circulation policies, Belgians do not require a visa in order to visit, work or live in the UK. However, Belgian citizens residing in the UK must book an appointment and go in person to the embassy in the UK in order to apply for a new passport. As of 2014, there are approximately 30,000 British nationals living in Belgium and 30,000 Belgians residing in the UK.
 

Belgians Studying in the UK

Belgians do not need to apply for student visas in order to study in the UK. Foreign study may require substantial money transfers to the UK, as local tuition fees and the cost of living can be fairly expensive. Students from Belgium who hold an EU passport and who have been living in Belgium for at least three years prior to the beginning of the course are eligible to pay the same amount in fees as UK students.
 
The tuition ranges between €9,000 and €12,000 for each academic year of undergraduate studies and approximately €7,000 to €20,000 per year for post-graduate studies. These fees tend to increase substantially each year. Students from elsewhere in the EU are authorised to work part-time for up to 20 hours per week during the school year, and full-time during breaks.
 

Trade between Belgium and the UK

The two countries have a long-established trade relationship, and the UK is one of Belgium’s largest trade partners in Europe today. Belgium imported goods and services worth €17.9bn from the UK in 2013, down slightly from €18.6bn the year before. It is Belgium’s fifth-largest source of imports, and the fourth-largest market in the world for Belgian exports. In 2013, the two countries’ total bilateral trade amounted to €44bn, driven primarily by minerals, transport equipment and chemical products.
 
Banking and money between Belgium and the UK
To open a UK bank account you will need to provide proof of local UK address, income and employment. You may be able to avoid having to get a new account in the UK if you use the services of a transnational bank such as HSBC or any other EU-related banks with a network between the two neighbouring countries. It is important to have an established bank account so that it will be more efficient to transfer money from Belgium to the UK, whether this is to support international relocation, purchase goods and services or invest abroad.
 

Taxation in the UK

The tax year in the UK goes from April 6th to April 5th of the next year; on the other hand, the Belgian tax year runs from January the 1st to December 31st. This will affect how you organize paying taxes. If you reside in the UK for 183 days or more during a 12-month period, you will have to pay tax on the income you earn worldwide. However, if you live in the UK for less than 183 days you will only be subject to pay tax on the income you earn within the UK. Seek specialist tax advice for your own situation.
 
Belgians will also have social security deductions taken from their earnings. How much you pay in taxes depends on how much you earn, in addition to other factors. It is important that you find out as much as possible about the relevant financial regulations in the UK prior to relocating from Belgium to the UK, especially if you plan to make a large purchase or transfer currency from euros to pounds.
 

Traveling with your pet from Belgium to the UK

The Pet Travel Scheme (PETS) regulates the movement of animals between Belgium and the UK. Household pets such as cats and dogs are allowed to travel freely between the UK and other EU countries without need for quarantine, but some conditions must be met. Dogs must undergo treatment for tapeworm between 24 hours and five days before travelling.

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from Belgium to UK. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

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All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.