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Comparison of Belgian resident consumer banks
bank maintenance fees (for the most basic accounts) human teller availability outside of core business hours security device web account access languages (other than FR & NL) eligibility international payment networks (visa/ mc/ amex/ cirrus/ plus/ maestro/ star/ jcb) cost of intl transactions hidden costs notes/limitations
personal accounts corporate accounts EEA non-EEA
euronon-euronon-euro
Argenta No charge (free cheques as well) ? Open as late as 6 or 7pm[1] Digipass 810 card reader (free) None all residents visa (free to their bank account holders) No charge
AXA
current acct€20/yr
bank card€6/yr
credit card€8/yr
fuel charge€20/yr
(fees recoverable[2])
? unknown (please update) ? unclear, but home page is only in Dutch and French ? visa is €23/yr; m/c gold is €48/yr No charge ATM:\begin{array}{c}1.74 + 1\% \\ \overbrace{\left\lfloor 2.48 \right\rfloor}^{bank card} \underbrace{\left\lfloor 5 \right\rfloor}_{credit card} \end{array} human teller:\overbrace{2.48 + 2\% \left\lfloor 5 \right\rfloor}^{credit card}
Bank of Baroda No charge ? unknown (please update) ? possibly English[3] unclear / undisclosed[4] ? ? ? ? accounts available in EUR, GBP, and USD
Binck Bank No charge ? unknown (please update) ? ? residents (non-US[5]) ? ? ? ?
BK-CP €0.41/mo for current acct(fees recoverable[6]) ? unknown (please update) ? unclear, but home page is only in Dutch and French ? visa is €1.66/mo ? ? ?
BNP Paribas €2.32/mo (first year free for expat accounts[7]) ? unknown (please update) Digipass 810 card reader (free) English, German all residents classic visa or m/c is €11/yr; gold visa or m/c is €46/yr; amex blue is €25/yr; amex green is €65/yr; amex gold is €90/yr ? ? ? closure fee;[8] mandatory annual letter fee[9] Fined by France in 2010 for conspiring to charge unjustified fees; Member of the Global ATM Alliance[10]
Centea €22.60/yr or €39.60/yr ? unknown (please update) ? German, English[11] ? pinto visa (€19.83/yr); classic visa (€20/yr); gold m/c (€42/yr) ? ? ? prices are guesses, as google translate fails on the webpage
Citibank €4/mo (waived if balance > €10k) ? unknown (please update) ? ? all residents
classic visa or m/c€9.92/yr
neckermann visa€19.83/yr
proximus points visa€25.00/yr
miles m/c€40.00/yr
visa gold€61.97/yr
note that the classic and neckermann cards kickback €20 each year the card is used
? ? ?
Deutsche Bank ? ? unknown (please update) ? ? ? ? ? ? ? Member of the Global ATM Alliance;[12] no web-based product information available for Deutsche Bank
Dexia
current acct€12.12/yr
bank card€12.60/yr
proton card€5.04/yr
(according to argenta comparison)
? unknown (please update) ? None all residents €1.93-14.19/mo depending on type of current account and card. (see their tariff page) ? ? ? There is an unconfirmed report that Dexia took money from a customers account to pay a debt, without court process
Delta Lloyds no charge (technically), but the account is unusually basic[13] ? unknown (please update) ? ? ? classic visa is €32/yr; gold m/c is €56/yr ? ? ?
Ethias no charge (technically), but the account is unusually basic[14] ? unknown (please update) ? ? ? mastercard is €20/yr (waived for accounts over €10k in value) ? ? ? fees
Europabank €9/yr (waived for clients under 25; no opening or closing fees) ? unknown (please update) ? ? ? possibly only Belgian citizens[15] visa and mastercard (free) ? ? ?
Ing No charge (premium accounts available for €10/yr) €90/yr (fee waived for the first two years) None (all branches closed) security software application[16] (free); alternatively, an e-signature device in the 500-700 model range is available for €15. Ing is switching to the card readers around November 2010. possibly English[17] all residents and non-residents visa is €20/yr; m/c is €25/yr; gold visa or m/c is €40/yr No charge in SEPA ? ? US citizens prohibited from starting new investments, and existing investments held by US citizens have been liquidated. (RATIONALE)
KBC €12/yr ? unknown (please update) Digipass 810 card reader ? all residents €20 (according to argenta comparison) No charge in SEPA ? ?
Keytrade No charge ? unknown (please update) possibly English[18] residents (non-US[5]) visa classic/gold is €25/€45 per yr; amex blue/green/gold is €35/€65/€185 per yr ? ? ?
Monte Paschi No charge[19] (premium accounts available for €5.99/mo) €80/yr (plus €30 to open; €50 to close; €20 for debit card) Louise: open Sat. (excl. summertime and holiday weeks) Digipass 260 or 261 e-signature token (cost=€40 for free accounts and business accounts; free[20] for gold accounts); token not needed[21] for login English, Italian all residents visa charge card for personal accounts (€25/yr);[22] visa charge card for business accounts (€30/yr); aurora m/c credit card (free)[23] No charge €2.50 + 0.9% + 1.4% unexpected insurance policy (can be canceled) bancontact does not work online (according to a banker, online use will occur in the next year - as of around June 2010)
Rabobank No charge (free to open and close accounts as well) ? unknown (please update) digipass; probably e-signature model 260 or 261; (free) None (homepage fr and nl only, and English-hostile staff[24]) residents (non-US[5]) ? ? ? ?
Record Bank ? ? unknown (please update) ? ? ? ? ? ? ?
Triodos No charge €6/qtr unknown (please update) digipass (€25) ? ? ? ? ? ? Internet banking only available on personal accounts, not business accounts; bank card may not be available on current accounts (google translation is a bit rough on this)
bank personal accountscorporate accounts human teller availability outside of core business hours security device web account access languages (other than FR & NL) eligibility intl payment networks cost of intl ATM use hidden costs notes/limitations
  1. Schaerbeek: open till 7pm on Tues. Most other branches: open till 6pm various days of week
  2. AXA gives "bonuses" to reward efficient account use (eg. for using self-service machines) as a way to recover maintenance fees.
  3. home page has English option, which only suggests that account access may be offered in English
  4. When asked about eligibility requirements, they answered the question with a question, then never gave an answer
  5. US citizens, US green card holders, and Belgian companies directed by US citizens/green card holders are excluded
  6. AXA gives "bonuses" to reward efficient account use (eg. for using self-service machines) as a way to recover maintenance fees.
  7. expat accounts must be opened from abroad before arriving in Belgium
  8. clients are charged a fee to close an account
  9. Fortis will send a "welcome" letter as a test to see if the mailing address on file is correct. They charge the client for postage plus an additional fee. Account holders cannot opt out, but long-established customers generally don't receive these.
  10. Global ATM Alliance members: Bank of America, Scotiabank, BNP Paribas, Barclays, Deutsche Bank 24 and Westpac
  11. home page not in English, but application and online access is
  12. Global ATM Alliance members: Bank of America, Scotiabank, BNP Paribas, Barclays, Deutsche Bank 24 and Westpac
  13. the account does not include a bancontact/proton/maestro card, which has a fee of €18/yr
  14. the account does not include a bancontact/proton/maestro card, which has a fee of €15(waived for accounts over €10k in value)
  15. although the fine-print states that all Belgian residents are eligible, the application form rejects id card numbers issued to foreigners, and only accepts 12 digit id numbers that appear on the national id card that's only issued to citizens
  16. Mac, linux, and windows versions available
  17. home page has English option, which only suggests that account access may be offered in English
  18. home page has English option, which only suggests that account access may be offered in English
  19. the free non-student (flex) account requires a monthly deposit (eg. your salary payment), or a min balance of €2500
  20. it is possible to open a gold account just to get the free token, then downgrade the account to a free one later
  21. unlike most banks, the security device is not needed to simply login to monte paschi and view transactions; it's only needed to initiate transactions (eg. wire money)
  22. linked to current account, and payment automatically drafted in full
  23. the free credit card is difficult to obtain for temporary residents
  24. a rabobank CSR replied to an English email to say that the languages of the country are French and Dutch

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