Evolution of banking services in Belgium

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Cheryl Moderator

Member since 15 October 2018

CherylModerator25 September 2023 04:48:05

12367

Hello everyone,

With rapid technological advancements, banking services are digitizing at lightning speed. Expats are thus propelled into a new era of options and payment methods, disrupting the traditional banking services of local establishments in Belgium. An evolution that presents a range of opportunities and challenges on a local scale.

Share your experiences regarding the evolution of bankings services in Belgium:

To what extent are the latest banking technologies being adopted and utilized in Belgium? (contactless payments, phone-based payment systems, QR codes, etc.)
What are the advantages and disadvantages?

Are new payment methods emerging in Belgium? Which ones, and what does it change in your daily life?

What are the advantages of using local bank services versus an international online banking service as an expat?

Are there specific features in banking apps that you find particularly helpful as an expat in Belgium?

By sharing your experiences and insights, you contribute to a broader understanding of the evolving banking landscape for expats in Belgium.

Thank you for your contribution.

Cheryl
Expat.com Team

masstonsils0e Active member

Member since 18 October 2022

masstonsils0eActive member27 September 2023 10:16:30

Belgium has very advanced digital banking tools. Those are great but the problem is actually getting cash. Most banks in Brussels have removed their cash machines. These have been replaced by cash machines in metro stations and train stations. Instead of the 5 min walk I had in the past to take out money, I have to walk 20 min and then wait 20 min on the long line that forms since there are so few ATMs

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