Best USD accounts in Belgium

Whether you’re a US citizen living in Belgium or a Belgian citizen or resident traveling to the US frequently, a USD account can be a handy tool to make cross currency transactions cheap, quick and convenient.

Local Belgian banks and major global banks offer USD accounts to Belgian residents – but there are also ways to open a USD account in Belgium with specialist services that can be more flexible. You could choose to open a multi-currency account covering EUR and USD from a provider like Wise, for example. This guide covers all you need to know to help you choose the best USD currency account for you.

What is a USD currency account?

A USD currency account is an account which lets you hold US dollars.

You might also be able to hold and exchange other currencies in your account if you choose a USD account with multi-currency features. Other common features include linked debit cards, international transfer services and ways to get paid in USD from others.

What can you do with a USD account in Belgium?

If you’re a US citizen living in Belgium for work or study, or a Belgian citizen who travels to the US a lot for business or leisure, a USD account can be a useful tool.

Different USD accounts have their own features – but these are some of the more common uses for a US dollar account:

• Hold and convert a USD balance: Hold a balance in USD without needing to convert to EUR if you don’t want to. This allows you to save in USD to pay bills or for planned travel, while cutting out unnecessary conversion costs.
• Receive payments in USD: Get paid by others in USD, often with local account details, allowing the sender to make a local payment which is fast, cheap and convenient for them.
• Send payments in USD: If you’re paying bills in the US, a USD account lets you process cross border transfers in a few taps, with options for regular or recurring payments for bill payments, mortgages and other ongoing commitments.
• Spend and withdraw USD: If you need to spend and withdraw, accounts from providers like Wise, and global banks like Barclays, offer a debit card for convenient and low cost USD transactions in person and online.

Best USD currency accounts in Belgium

Here we’ve selected some different providers and banks offering USD accounts in Belgium for personal and business use, looking at convenience, cost and customer intention.

Read on to learn more about each and how their USD account in Belgium works.

💡 At a glance
Wise Account	Hold and exchange USD and 40+ other currencies, spend with a Wise card in 150+ countries, send and receive payments globally in USD, EUR and more.
Revolut Account	Choose from 5 different account plans which all offer a debit card, and support 25+ currencies for holding and withdrawal. Travel perks available on some account tiers.
HSBC Expat Multi-Currency Account	Accounts for high-wealth individuals allowing you to hold USD, GBP and EUR, with global access for international transfers and wealth management services.
ING Belgium Foreign Currency Account (Business)	Link free USD, GBP or EUR sub-accounts to your main euro business account to pay and receive in foreign currencies without conversion costs.

There’s not really one best USD currency account in Belgium as different products have their own features to suit different customer needs.

You might prefer multi-currency account and card services from providers like Wise if you want to hold USD with EUR and other currencies in one account, and spend with your debit card locally and overseas. These services are digital only and do not have a branch network which can be a drawback if you need to deposit cash or checks.

There are also personal USD accounts from banks like HSBC. These products are offered through the bank’s international arm, and often aimed at high wealth individuals who want to invest, save, and send payments primarily.

Wise USD Account

Open a Wise Account online or in the Wise app, for personal or business use, and hold USD alongside EUR and 40+ other currencies all in the same account. You can exchange between currencies in the app with the mid-market rate and low, transparent fees, order an optional debit card for spending and cash withdrawals, and send and receive payments globally in EUR, USD and more.

Accounts offer local and SWIFT details to receive payments, with no fee to receive USD (non wire, non SWIFT payments ) to your Wise account. There’s a small Wise fee to receive USD wires and SWIFT payments.

• Hold and exchange USD and 40+ other currencies
• Mid-market currency exchange with low, transparent fees
• Use your Wise card in 150+ countries for spending and cash withdrawals

Account opening fee: No opening fee for personal customers. Business customers pay 50 EUR for full feature access. No minimum balance

Eligibility criteria: Available to residents of Belgium and many other countries and regions globally

Supported currencies: 40+ currencies, including EUR and USD.

Monthly fees: None

Exchange rates: Mid-market exchange rates

Revolut Account

You can open 5 different types of Revolut Account as a personal customer in Belgium, with an additional 4 plan options for business customers. As a personal customer you can choose a Standard plan with no monthly fee, or upgrade to a plan with maintenance fees up to 60 EUR/month.

Higher tier plans offer more no fee transactions, discounts and perks – but all accounts have a linked debit card and ways to convert in the account between 25+ currencies including EUR and USD.

• Hold and exchange many currencies in the same account
• Select your account plan based on your transaction needs
• Personal and business services offered

Account opening fee: No opening fee, no minimum balance

Eligibility criteria: Available to residents of Belgium and many other countries and regions globally

Supported currencies: USD, EUR and 35+ other currencies

Monthly fees: Personal customers pay 0 EUR – 60 EUR/month, business customers 10 EUR – 90 EUR/month

Exchange rates: Weekday currency exchange uses the Revolut rate to plan limits. After this fair usage fees of up to 1% may apply depending on plan. Weekend exchange may attract an extra fee up to 1%.

HSBC Expat Account

HSBC Expat is designed for people living or working abroad who want an international banking base in USD, GBP or EUR. The account remains active no matter where you move, offering access to HSBC’s global network, savings and investment products, and dedicated expat support. It’s ideal for individuals managing finances across countries who value global reach and premium relationship services alongside the stability that a big bank like HSBC can offer.

To qualify, you’ll need to meet certain eligibility requirements, such as a high annual income, significant savings, or existing HSBC Premier status, making it best suited to higher earners or those with established banking needs. Once eligible, you can also open a Global Money Account to hold up to 19 currencies, move funds instantly between HSBC accounts with no HSBC fees, and make international transfers in 50+ currencies directly from your app.

• Open and manage accounts in USD, GBP, or EUR
• Global transfers between HSBC accounts with no fees
• Access to savings, investments, and expat relationship managers

Account opening fee: None

Eligibility criteria: £75,000+ in savings, £120,000+ annual income, or an existing HSBC Premier status

Supported currencies: USD, GBP, or EUR

Monthly fees: None if criteria are met

Exchange rates: HSBC rates, which include a markup.

ING Belgium Foreign Currency Account (Business)

ING’s foreign currency account lets Belgian companies pay and get paid in the same currency as their trading partners. You open one professional current account in euros, then add free sub-accounts in other currencies such as USD. Each sub-account is automatically linked to your main account and shares the same IBAN, so you manage everything in one place. You choose when to convert, which can reduce exchange costs and help limit FX risk.

The account suits businesses with regular incoming and outgoing payments in one or more foreign currencies. You can create local account details for GBP, EUR and USD, hold multiple currencies at the same time without auto-switching, and use ING’s currency conversion tool when you want to exchange. Everything is available in Business’Bank and the ING app.

• One euro master account with free currency sub-accounts
• One global account number across currencies
• Pay and receive in partner currency to reduce conversion costs

Account opening fee: There’s no fee for the foreign currency sub-account, but customers will need an ING professional current account

Eligibility criteria: ING Belgium business customers with a professional current account

Supported currencies: 28 currencies, including USD, GBP and EUR

Monthly fees: No separate fee for the sub-account. Standard business account fees apply

Exchange rates: ING rates include a margin. International transfers can incur an ING payment commission and other ING fees and correspondent bank fees, with BEN/SHA/OUR determining who pays

Types of USD accounts

You’ll find USD account products available from major global banks often have a focus on high wealth individuals who want to hold a high balance amount and unlock things like personal banking services, investments and wealth management advice. These accounts are typically offered through the International or Expat branches of global banks like HSBC.

Some Belgium banks like ING Belgium offer USD accounts, but these tend to cater towards businesses, meaning personal customers are somewhat limited.

There are also low cost USD accounts which allow customers to hold, exchange and manage other currencies all in one account, usually from specialist providers. Here are the core options typically available, with a quick introduction to the providers we feature in this guide:

Multi currency accounts: Multi currency accounts are commonly available from digital providers. You can hold USD alongside many other currencies in a multi currency account which can be a convenient option for people living international lifestyles.

• Wise Account: Hold 40+ currencies, and get local account details for receiving 8+ currencies including USD, and SWIFT details for receiving 20+ currencies easily.
• Revolut Account: Hold 25+ currencies and get local details to receive euros and SWIFT details to receive other supported currencies.

Foreign currency accounts: Foreign currency accounts support only 1 currency, and let you hold and send payments in a foreign currency. In Belgium you may find that these accounts are offered through the international or expat banking service of a global bank, with a focus on high wealth individuals rather than travellers.

• HSBC Expat Account: International account for higher-wealth individuals to hold and manage USD, GBP and EUR, with access to HSBC’s global network and expat services.
• ING Belgium Foreign Currency Account (Business): Add free USD and other currency sub-accounts linked to a euro business account, pay and receive in partner currency, and choose when to convert.

Fees for USD accounts in Belgium

You can often find a USD bank account in Belgium with no ongoing fees to pay, but there are usually some transaction fees to think about. Check your account fee schedule to make sure you understand the costs of your account before you transact.

Here are some fees to look out for:

• Monthly maintenance fee: Some USD accounts might have a monthly fee. Not all accounts use this sort of ongoing charge – for a low cost alternative check out providers like Wise which don’t charge a maintenance fee.
• Fall below fee: A fall below fee applies on some accounts if you don’t hold the provider’s required minimum balance. This is common on premium type accounts from global banks.
• ATM withdrawal fees: If your USD account has a debit card, check if ATM fees apply. Costs can be either a flat charge or a percentage of the withdrawal – and often taking money out overseas is far more expensive than in Belgium. Providers like Wise offer some no fee ATM use each month to help you lower your transaction costs.
• Foreign transaction fees: A foreign transaction fee can push up the costs of purchases in a currency you don’t have in your account by about 3%. This fee doesn’t usually apply on accounts like the Wise Account, which allow you to spend currencies you hold with no fees, and convert with low charges where needed.
• International transfer fees: Your bank might waive transfer fees from a foreign currency account but that doesn’t mean you pay nothing, as the exchange rate used might include a markup – a fee that’s not so easy to spot. Typically providers like Wise and Revolut can offer more competitive rates than many banks.

How to open a USD account in Belgium

The most convenient way to open a USD bank account in Belgium is online.

Before you sign up to any USD account read through the eligibility criteria and application process. While this does vary a bit, it’s usually pretty similar across different banks and providers, including providing your proof of ID and a proof of address document for verification.

Here’s an outline of the USD account opening process:

With banks: For accounts from the international services of major banks, you can sometimes find an online application option, but you’ll need to upload all your documents and complete a comprehensive application form to get signed up. In some cases you need to arrange an appointment with the bank to talk through your options and confirm your eligibility before you can open an account.

With online providers: Specialist providers like Wise don’t have branch locations so you’ll complete your account application, verification and onboarding all digitally. You’re guided through the process by onscreen prompts and you’ll need to take a snap of your ID and address documents with your phone to get verified.

How to use your USD account in Belgium

Finally let’s look at how using a US dollar account can help you manage your US dollar payments and transactions with lower fees and less time spent navigating administration.

• Send international money transfers: Send payments to the US and many other countries with just your phone, often with great exchange rates and low fees. Providers like Wise use their own payment network to make sure you get a super fast transfer time, too.
• Hold and exchange USD and EUR: Keep USD and EUR all in one account to make it easier to budget and plan across different currencies. Multi-currency accounts can also let you manage different currencies for things like saving for travel or to send a payment, too.
• Receive USD payments: Use your USD account to receive USD easily with local or SWIFT account information that the sender can use to initiate your transfer without needing to convert it to EUR .
• Use your debit card for spending and withdrawals: Use your USD debit card to spend and withdraw with low costs and no foreign transaction fees in many cases. Choose a provider like Wise and it’s free to spend a currency you hold sufficient balance in, and cheap to convert to any currency you might need to cover a purchase.

Conclusion

There are several different ways to open USD accounts in Belgium, depending on how you need to transact.

You could pick a USD account from a bank like HSBC if you’re looking to hold and save USD to diversify your investments, and need personal wealth advice. Local banks like ING Belgium also offer business customers ways to hold USD which can be handy for incoming and outgoing USD payments as a business owner.

Or, as a more flexible alternative with broad multi-currency features you might prefer Wise which lets you hold USD along with EUR and 40+ other currencies. Use your account to send, spend, hold and receive USD for day to day payments, travel and bills, with low costs and great exchange rates.

Useful resources

• Wise – Wise account plan information
• Revolut Personal Pricing Plans – Revolut personal pricing plans and feature descriptions
• Revolut Business Pricing Plans – Revolut business pricing plans and feature descriptions
• HSBC Expat – Official HSBC Expat account page outlining multi-currency account features, eligibility and benefits
• ING Belgium – Foreign Currency Account details for business customers, including supported currencies and pricing