Best business bank account in Belgium

We’re walking you through how to open a business account in Belgium, the best providers for expats and international businesses, and what documents you’ll need to get started. Alongside major banks, we’ll also introduce solutions like Wise Business, which offers multi-currency accounts with no monthly fees, mid-market exchange rates and features to simplify bookkeeping and cross-border payments.

Can a foreigner open a business bank account in Belgium?

Yes. A foreigner can open a business bank account in Belgium.

A business account is separate from your personal account and is used to manage your company’s financial transactions. For incorporated companies such as an SRL (formerly SPRL) or SA, opening a business account is mandatory, as you’ll need to deposit your share capital before registering with the Crossroads Bank for Enterprises.

For freelancers and sole proprietors, a business account is not legally required, but it’s still recommended to keep business and personal expenses separate.

Foreign entrepreneurs can open a Belgian business account, although the process can be more complex for non-residents. Most banks, such as BNP Paribas Fortis, KBC Brussels, ING Belgium and Belfius, require a Belgian company registration number (BCE/KBO) and proof of a local address. However, digital providers like Wise Business or Revolut Business offer simpler online alternatives for expats and international companies that need to hold and receive multiple currencies without visiting a branch.

In the next section, we’ll introduce the providers that are most accessible for non-residents and explain how to navigate the procedure step by step.

Best business bank accounts in Belgium:

To help you choose the best business bank account in Belgium for your needs, we’ve compared a mix of established Belgian banks and specialist providers. We’ll look at options suited to expats, non-residents, freelancers and international businesses who need accounts that go beyond just euro transactions.

Choosing a suitable business account can save money, simplify financial admin, and make cross-border business easier. Belgium’s banking landscape combines traditional full-service banks with newer fintechs, giving international entrepreneurs more choice than ever.

Alongside well-known names like KBC Brussels and BNP Paribas Fortis, we’ve also included non-bank services such as Wise Business and Revolut that give companies a more convenient way to handle payments and accounting.

Here’s a comparison on important features and fees, with more detail on each option right after.

Provider	Monthly fee	Availability for non-residents	International transfer fees / Foreign transaction fees	Currency support	Security	Ease of use & key features
Wise Business	Free to open, no monthly fees	Yes	Transparent fees from 0.47%, mid-market exchange rate	40+ currencies including EUR, USD, GBP	Safeguarded funds, 2-factor authentication and encryption	Fast digital onboarding, accounting integrations and debit cards for teams
Revolut Business	From 10 EUR (Basic), 30 EUR (Grow), 90 EUR (Scale), Enterprise (custom)	Yes	No-fee allowance depends on your chosen plan (0 with Basic, 5 with Grow, 25 with Scale). 0.6% fee above fair usage 1% weekend markup on FX	Hold, send and exchange 25+ currencies Hold up to 34 currencies in the Revolut multi-currency account	Biometric security, 2-factor authentication and encryption	Physical and virtual cards for you and your team, transfer to up to 150+ destinations, 24/7 customer support, accounting and HR software integration
BNP Paribas Fortis Business Account	From 6 EUR per quarter (Pro Current Account), 11.25 EUR per quarter (Essential Pro), 37.50 EUR per quarter (Flex Pro)	Yes	SEPA transfers are free of charge Non-SEPA international transfers 1.21 % (min 9.68 EUR, max 145.20 EUR) + 1 EUR Swift fee	Euro	High, bank-level security, including 2-factor authentication and biometric login options	Easy Banking Business online platform, professional debit and credit cards that are usable across Europe, upgradeable packs for growing businesses
ING Belgium Professional Account	7 EUR/month (excl. VAT) – free for 12 months for eligible start-ups	Yes	SEPA transfers are free Non-SEPA transfers are 0.12% of the amount (min 12 EUR, max 120 EUR) + correspondent bank fees	EUR and selected foreign currencies	Bank-grade security with strong authentication and encryption for Business’Bank and app access	Unlimited account and mandate holders, 2 free debit cards, ING Invoice Manager and ING Checkout tools, Apple Pay, Google Pay and Payconiq supported
KBC Brussels Business Pro Account	45 EUR per year or 60 EUR per year with a credit card	Yes	Free SEPA transfers Standard KBC international fees apply for non-SEPA or FX transfers (typically around 0.121% + correspondent costs)	EUR	Bank-level security with 2-factor authentication and secure online banking access	Free personal account via Twin Package, Mastercard Business Essential credit card, unlimited transactions and 24/7 support from KBC Brussels Live
Satchel Business Account	EU: 35 EUR/month + 375 EUR setup; Non-EU: 50 EUR/month + 1,075 EUR setup	Yes	Free SEPA transfers, Swift outgoing 0.5% (min 15 EUR, max 350 EUR), incoming 0.2% (min 10 EUR, max 100 EUR)	38 currencies	Funds are safeguarded by the Bank of Lithuania, segregated accounts, 3D Secure, 2FA, and advanced anti-fraud systems	Fully digital account with remote onboarding, physical and virtual Mastercard cards, payroll and API integrations, batch payments

Top 6 best business bank accounts in Belgium [2025]

Here are the details of the six providers we highlighted above, with key information on their fees, features and suitability for expats and non-residents.

Wise Business Account

A Wise Business account is designed for freelancers and companies that trade globally. You can hold and manage 40+ currencies and get account details in 24 currencies, including EUR, USD, GBP and AUD, so overseas clients can pay you like a domestic transfer.

When it comes to payments, Wise offers transparent fees starting from 0.47%, with transfers often arriving instantly or within an hour, and you’ll always get the mid-market exchange rate with no hidden markup. Business debit cards are available for you and your team, so you can spend internationally in 150+ countries without foreign transaction fees, and integrations with accounting platforms like Xero and QuickBooks make admin and tax season easier.

• Account fees: No monthly fee, one-time 50 EUR fee to access full account features.
• Supported currencies: 40+ supported to hold, account details to receive money in 24 currencies.
• International payments: Conversion fees starting from 0.47%.
• Exchange rates: The mid-market rate with no markup.
• Eligibility criteria: Available to business owners in Belgium and many other countries worldwide. Both incorporated companies and sole traders can apply.
• Required documents: Proof of ID (passport or ID card), proof of address and business registration documents.

Revolut Business Account

Revolut Business gives companies an all-in-one platform to manage payments, expenses and team spending. You can open a business account to hold, convert, send and receive money in over 25 currencies at the interbank rate within your plan allowance and receive funds using European IBAN and SWIFT/BIC details. Customers can also open a multi-currency account, which holds up to 34 currencies.

Plans scale with your business, from affordable options for small teams to advanced packages with bulk payments and expense management. The app also connects with accounting and HR platforms to keep your bookkeeping and payroll organised in one place.

• Account fees: Basic 10 EUR/month Grow from 30 EUR/month Scale from 90 EUR/month Enterprise custom pricing
• Supported currencies: 25+ to hold, send and receive
• International payments: Your allowance depends on your chosen plan (0 with Basic, 5 with Grow, 25 with Scale). Above the allowance, there’s a 0.6% fee per transfe. There’s also a weekend FX markup of 1%.
• Exchange rates: Interbank rate within plan allowances. A markup is applied once you exceed your limits or during weekends
• Eligibility criteria: Available to Belgian and international companies
• Required documents: Proof of business registration and ID. Additional verification might be needed depending on your company type.

BNP Paribas Fortis Business Account

BNP Paribas Fortis offers a range of business banking solutions for natural and legal persons, including freelancers, sole traders and incorporated companies. The Pro Current Account is ideal for everyday business payments, while the Essential Pro and Flex Pro packs include extra services such as debit and credit cards, multiple accounts and online accounting reports.

Each account comes with access to Easy Banking Business, where you can make payments, view transactions and manage cash flow online or in branch. Business debit and credit cards allow payments and withdrawals across Europe, and you can upgrade your plan as your company grows.

• Account fees: Pro Current Account 6 EUR per quarter, Essential Pro Pack 11.25 EUR per quarter, Flex Pro Pack 37.50 EUR per quarter
• Supported currencies: EUR
• International payments: SEPA transfers are free of charge and non-SEPA transfers in foreign currencies are charged at 1.21 ‰ (min. 9.68 EUR, max. 145.20 EUR) +1 EUR SWIFT fee and any correspondent bank costs. Paper or urgent orders may incur a 5 EUR surcharge.
• Exchange rates: Includes a markup on the exchange rate.
• Eligibility criteria: Available to Belgian and foreign entrepreneurs with a registered BCE/KBO number and a local address.
• Required documents: Proof of ID, business registration, address confirmation and supporting company documents or articles of association.

ING Belgium Professional Account

ING Belgium offers several business banking options, including the Professional Account for the self-employed, the Company Account for incorporated businesses, and a Start-up Package for new entrepreneurs.

The Professional Account is the most popular choice for freelancers and sole proprietors and comes with a debit card, 12 free manual transactions and access to Business’Bank and the ING Banking app, so you can manage payments in euros and other currencies from anywhere.

You can have unlimited account and mandate holders, and benefit from tools like ING Invoice Manager for e-invoicing and ING Checkout for accepting online payments. Payments via Bancontact, Mastercard Debit, Apple Pay, Google Pay, and Payconiq are also supported.

• Account fees: 7 EUR per month with one year free for eligible start-ups.
• Supported currencies: EUR and selected foreign currencies.
• International payments: SEPA transfers are free of charge. Non-SEPA transfers include 0.12% of the amount (min 12 EUR, max 120 EUR) plus correspondent bank fees
• Exchange rates: Includes a markup on the exchange rate.
• Eligibility criteria: Available to natural persons engaged in a commercial activity in Belgium, including non-residents with a BCE/KBO number and a local address.
• Required documents: Proof of identity, business registration, Belgian address and a VAT number where applicable.

KBC Brussels (Business PRO) Business Account

💡 Great for: Self-employed professionals and businesses who want an affordable, local business account with reliable online banking tools.

The KBC Brussels Business PRO Account is designed for entrepreneurs who want to manage payments efficiently and keep business and personal finances separate. While the account has an annual 45 EUR fee, it comes with a free personal account through the Twin Package deal, online and mobile banking, and unlimited euro transactions.

You can also choose to add a Mastercard Business Essential Credit Card for an additional fee to pay and withdraw cash worldwide, set custom spending limits and manage expenses digitally. The account operates in euros but supports payments in other currencies at KBC’s standard exchange rate, and additional debit cards are available for 9 EUR per year.

• Account fees: 45 EUR per year or 60 EUR with a credit card
• Supported currencies: EUR
• International payments: Free SEPA transfers. Standard KBC international fees apply for non-SEPA and FX transfers (typically around 0.121% + correspondent costs)
• Exchange rates: Bank exchange rate with a markup
• Eligibility criteria: Available to natural and legal persons with a Belgian BCE/KBO number. Non-residents may be able to apply with full ID and business documentation
• Required documents: Full ID and business documentation

Satchel Business Account

Satchel offers a simple way to open a Belgian business account online without visiting a branch. Accounts come with a unique European IBAN, SEPA and SWIFT support in up to 38 currencies, and physical or virtual Mastercard business cards. Both EU and non-EU residents can apply, making it one of the most accessible options for international founders.

However, while opening an account is fairly straightforward, fees are relatively high and depend on residency. EU clients pay 375 EUR to open and 35 EUR per month to maintain, while non-EU clients are charged 1,075 EUR to open, 50 EUR per month to maintain the account and are required to hold a minimum balance of 750 EUR. SEPA transfers are free, but SWIFT payments carry additional costs.

• Account fees: EU: 375 EUR setup + 35 EUR/month. Non-EU: 1,075 EUR setup + 50 EUR/month
• Supported currencies: 38 currencies
• International payments: Free SEPA transfers. SWIFT transfers have an outgoing 0.5% (min 15 EUR, max 350 EUR) fee and an incoming fee of 0.2% (min 10 EUR, max 100 EUR)
• Exchange rates: Markup on the exchange rate
• Eligibility criteria: Available to EU, Belgian and non-EU residents with valid ID and business documentation
• Required documents: ID or passport, proof of address, company registration documents, description of business activity, supplier/client details, and source of funds verification

How to choose the right account for your business

Selecting the right business account matters because it affects your daily operations, including how easily you can pay or get paid, and the long-term costs of running your company. Belgium’s business banking scene combines large branch banks with digital fintech providers, meaning you can pick from established accounts, or modern services with more international features.

When comparing your options, here are some areas to look at:

• Ongoing account fees: Most Belgian banks charge quarterly or annual maintenance fees depending on the account type, while fintechs like Wise and Revolut often offer low or no monthly fees. Some banks also run limited-time offers for new businesses or start-ups.
• Transaction costs: Many providers include free SEPA transfers, but extra charges can apply once you exceed your monthly or quarterly limit. If your business handles frequent payments, look for an account that includes enough transactions at no extra cost.
• Cash handling: Traditional banks such as BNP Paribas Fortis, ING Belgium, and KBC Brussels provide branch access for deposits and withdrawals. Digital providers may not, which is fine for online businesses, but limiting if you deal with cash frequently.
• Multi-currency support: If you trade globally, an account that lets you hold or receive foreign currencies can save you conversion costs. Services like Wise offer options beyond a euro-only IBAN.
• International payments: Costs and speed vary significantly, so it’s a good idea to consider how often you’ll need to pay suppliers or contractors abroad. Bank transfers often add a markup on exchange rates, while fintechs like Wise give you the mid-market rate with clear fees.
• Eligibility requirements: Belgian banks usually ask for a local company registration number (BCE/KBO) and proof of a local address. Digital providers, such as Wise Business or Satchel, can be easier for expats and non-residents to open if you can provide standard ID and business documentation.

How to open a business bank account in Belgium:

The process for opening a business account in Belgium can vary slightly between banks and fintech providers, but most follow a similar structure.

Step 1: Understand the requirements

A business account is legally required for incorporated companies such as an SRL or SA, as you’ll need to deposit your share capital before registering with the Crossroads Bank for Enterprises (Banque-Carrefour des Entreprises / Kruispuntbank van Ondernemingen, BCE/KBO).

Freelancers and sole proprietors don’t have a legal obligation to open a business account, but it’s strongly recommended to keep business and personal transactions separate.

Non-residents can open a Belgian business account, but the process is often simpler with digital providers like Wise Business, Revolut Business, or Satchel, which allow online onboarding and multi-currency accounts. Banks usually require a Belgian company registration number and a local business address.

Step 2: Gather your documents

Exact requirements vary by provider, but you should expect to provide:

• Proof of ID (passport or ID card)
• Proof of Belgian address or business address (utility bill, lease, or registration certificate)
• Business registration documents
• Proof of share capital deposit for incorporated businesses
• Articles of association and details of company directors and beneficial owners

If you’re a non-EU resident, additional paperwork such as residence permits or visa documentation might also be requested.

Step 3: Submit your application

Major Belgian banks like BNP Paribas Fortis, ING Belgium and KBC Brussels often require company representatives to apply in person or through a video verification process.

Providers such as Wise and Satchel offer 100% digital onboarding, meaning you can upload documents online and verify your identity remotely.

Step 4: Fund your account and start to transact

Once your account is approved, you’ll receive your IBAN immediately (in many digital banks) or within a few days, and cards are mailed to your registered address. Incorporated companies must also deposit their share capital to finalise business registration.

Documents you need before opening a Belgian business bank account

Banks and providers in Belgium require different documents depending on the type of company you operate. Having these ready helps your application go faster.

• Proof of identity: Every applicant (owner, director or beneficial owner) must provide a valid ID card or passport.
• Proof of address: A recent utility bill, rental contract, or registration certificate showing your Belgian, or, in some cases, foreign, address.
• Company registration details: For incorporated companies, you’ll need the articles of association and an extract from the Crossroads Bank for Enterprises showing your company number.
• Articles of association or deed of incorporation: Required for legal entities to outline the company’s structure, share capital and governance.
• Shareholder or partner list (UBO register): If your company has multiple owners, you’ll need to provide details of all shareholders or ultimate beneficial owners.
• Additional documents for non-residents or foreign entities: Non-EU residents or companies registered abroad may also be asked for a residence permit, certified translations of incorporation documents, or proof of business activity in Belgium.

Requirements may vary slightly between banks, so it’s worth checking in advance which documents your chosen provider expects.

Benefits of opening a separate business account

A dedicated business account helps keep your finances organised and avoids mixing personal and professional spending. For incorporated businesses it’s a legal requirement, but freelancers and sole traders also gain from the extra clarity. It makes tax reporting simpler and gives the local tax office a clear picture of your cash flow. It can also go a long way in helping you appear more professional when dealing with clients or partners.

Conclusion:

Business owners in Belgium can choose between conventional banks with established branch networks and specialist digital providers that simplify international payments and admin. The right account depends on your company’s legal form, your residency status and whether you prioritise in-person service, low fees, or multi-currency support.

If you prefer branch support, cash handling and tailored advice, banks like BNP Paribas Fortis, KBC Brussels, or ING Belgium offer full-service options. But if your business works with international clients and suppliers, a provider like Wise Business can save you time and money with transparent fees, 40+ supported currencies and the mid-market exchange rate.

FAQ

Can a non-resident open a business bank account?

Yes, non-residents can open a Belgian business bank account, though the process can be more complex than for residents. Traditional banks like BNP Paribas Fortis, ING Belgium and KBC Brussels usually require a Belgian company registration number (BCE/KBO) and proof of a local address. You may also be asked for certified translations of your documents or to attend an in-person appointment.

Digital providers, like Wise Business, offer more flexible options for non-residents, allowing accounts to be opened fully online with standard ID, business registration details, and proof of address from your home country.

Is it a good idea to use a personal bank account for a business?

Using a personal account for business can work at the very start for sole traders or freelancers with minimal transactions. But mixing personal and business payments creates accounting headaches and risks tax issues. Small banks can also sometimes refuse business-related transactions on private accounts. Once your business activity and turnover grows, a separate business account is the logical next step.

What is the cheapest business bank account?

The cheapest options tend to be fintech/digital providers, with many offering zero monthly fees or very low fees, especially for simpler plans with fewer features. Banks often charge monthly maintenance fees, so it’s always worth comparing providers to help you find the best and cheapest option for your business type.

How much money is needed to open an account?

Most digital providers like Wise or Revolut don’t require a deposit to open an account. However, Satchel, for example, charges a one-time setup fee (375 EUR for EU customers or 1,075 EUR for non-EU customers). More established corporate banks may ask for a small opening balance, and incorporated companies will need to deposit their share capital before registration.

Useful resources

• Wise Business – Multi-currency account for freelancers and companies, with low-cost international transfers and mid-market exchange rates (checked November 2025).
• Revolut Business – Digital-first account for international payments, expenses and team management with an EU IBAN (checked November 2025).
• BNP Paribas Fortis – Traditional Belgian bank offering tiered business accounts and professional debit and credit cards (checked November 2025).
• ING Belgium – Business accounts for self-employed individuals and companies, including a 1-year free start-up package (checked November 2025).
• KBC Brussels – Business PRO account with a free personal account, mobile banking, and optional Mastercard Business credit card (checked November 2025).
• Satchel – EMI offering online business accounts for EU and non-EU residents, supporting SEPA and SWIFT transfers in 38 currencies (checked November 2025).
• Business.belgium.be – Official government site for entrepreneurs, covering registration, taxation and financial setup for companies (checked November 2025).