Best way to send money to Belgium | Finder Canada

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Send money to Belgium

Safe, secure and cost-effective transfer options when you need to send money to Belgium.

Canada and Belgium have maintained a positive relationship for many decades now. The countries have close ties in terms of immigration, academics, research and technology and imports and exports.

In 2016, Canada exported 3.2 billion Canadian dollars worth to Belgium, while imports were valued around 2.2 billion dollars. Due to its location, Belgium serves as an entry point for most European trade from North America.

According to the 2011 Census, over 176,000 Canadians claimed full or partial Belgian ancestry. With growing trade and tourism industries between the two nations, there is a need for affordable and fast ways to send money between Canada and Belgium.

Send money to Belgium with XE

XE has fast transfers with no fees and a range of foreign currency tools.

  • Send money overseas in just one day
  • More than 40 different currencies available
  • No transfer fees
  • Keep track of your transaction 24/7 online

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 0 Within an hour CAD 3.99 0.668 EUR
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
CAD 1 1 - 2 days CAD 40.00 0.671 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
CAD 1 Same day CAD 0.00 0.667 EUR
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
USD 150 1 day CAD 15.00 0.664 EUR
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Case Study: Simon sends money from Canada to Belgium

Simon and his family have recently moved to Canada from Belgium to take advantage of a business opportunity. They like to send monetary gifts to family and friends back home in Belgium for special occasions.

This has led Simon to do some research to determine which is the most inexpensive and reliable way to send money from Canada to Belgium. Simon and his family usually send gifts of CAD$1,000, so he compares a money transfer service provider with a bank transfer.

Money transfer serviceBank transfer
Exchange rateCAD$1 = 0.66 EURCAD$1 = 0.64 EUR
Transfer feeCAD$10CAD$30
Amount received in Euro (EUR)638.57 EUR610.01 EUR
Transfer timeOne dayThree to five business days
Transfer optionsBank depositBank deposit
Difference+ EUR28.56

As you can see in the table above, Simon will save money by using the specialist money transfer service provider, who offers a more competitive exchange rate and much lower fees. The transfer service also offers a much faster transfer time.

Today’s exchange rate CAD to EUR

How do I compare transfer companies when transferring money to Belgium?

The case study above demonstrates the importance of comparing a number of features of money transfer options, as well as applying the exchange rate to a larger quantity of money. When you begin to compare your money transfer options, start by comparing the following factors:

  • Exchange rate. Compare the exchange rate offered between different companies. Even a difference of a couple of cents can end up affecting the amount of money your recipient receives.
  • Transfer cost. Some companies may offer a lower exchange rate but charge higher fees. Keep this in mind when comparing service providers since high fees can sometimes be hidden inside competitive exchange rates. Some companies will completely waive the transfer fee if you send over a certain amount of money, however this is usually around the $5,000 or $10,000 Canadian dollar mark.
  • Pick-up methods. Compare various money transfer service providers to see which ones offer cash pick-up, bank deposit, smart phone app payment or whichever method is best suited for you.
  • Transfer time. Bank deposits generally take longer than a cash pick-up transfer. Cash pick-up transfers can often be made available to your recipient in just a few minutes.
  • Transfer methods. You will find that most transfer companies allow for transfers to be processed online. Some companies even allow you to transfer cash at a branch location if that’s your preference.

How to send money to Belgium from Canada

Since Belgium’s currency is the euro, which is common, you are going to find that there are multiple options available for sending money from Canada. Many different companies and providers service both Belgium and Canada.

The number of options available to you makes it important that you check the features and fees of each one in order to get the most value for your Canadian dollars. Listed below are a few of the options you will have available to you. These options include:

  • WorldRemit. WorldRemit is an online money transfer service provider which charges CAD$3.99 transfer fees for money transfers to Belgium. This method offers bank deposit only, so you will want to check with the recipient bank to see how much they will charge to accept the transfer.
  • Currencies Direct. This provider offer online only services with affordable fees.
  • OFX. This online forex exchange offer money transfers between Canada and Belgium.
  • Wise. Wise offer online money transfer services between Canada and Belgium. Depending on the method you choose to pay to send the funds, transfer fees can be as low as CAD$10.
  • Western Union. Western Union offers you the option of a cash pick-up in Belgium or a bank deposit.
  • MoneyGram. Available both online or at kiosks in Canada Post branches across Canada, MoneyGram allows for a cash pick-up in Belgium, charging around CAD$50 to send $1,000 Canadian dollars.
  • PayPal. You can use the services of PayPal to send money overseas to almost any country worldwide. Both you and your recipient must have PayPal accounts in order to send and receive money.

Emergency cash transfers in Belgium

Canadian visitors to Belgium can also have money sent to them if they lose their wallet or purse. You can generally choose from the following ways:

  • Transfer service companies. A transfer service company that provides the option of a cash pick-up can be used by a Canadian to collect money while in Belgium. These companies include MoneyGram and Western Union.
  • Travel insurance. It is always advisable to purchase travel insurance when travelling overseas. Coverage should include an emergency cash replacement if you lose your wallet or it has been stolen. Your insurance policy may be able to have you pick cash up at a local bank or branch location in Belgium.
  • Credit card insurance. If you report that your credit card has been stolen, some companies will provide you with a small amount of cash until the card can be replaced.

Cash pick-up locations in Belgium for Western Union and MoneyGram

Listed below are a number of cash pick-up locations in Belgium for Western Union and MoneyGram. Before heading to a branch location, make sure that you have your photo identification and the transfer reference number. It is best to call ahead to make sure the hours and location are correct.

AddressDirect Finance Place
Communale 27
Brussels, 1080
Madina GSM Shop –
Schaerbeek Rue Verte 189
Schaerbeek, 1030
Opening hoursMonday through Saturday
9am to 6:30pm
Open seven days a week
from 9am to 9pm
AddressAgence MoneyGram Charleroi Neuve
Rue Neuve 45
Charleroi, 6000
Avenue Jules Henin 22
Charleroi, 6000
Opening hoursMonday through Saturday
9am to 7pm
Monday through Saturday
9am to 7pm
Western UnionBrusselsBrussels
AddressChange Goffin
Rue Marche Aux Herbes 88
Agence Dediee Western Union
Brussels, 1000
Mohamed Food
Diksmuidelaan 19
Brussel, Brussels 1000
Opening hoursMonday through Saturday
10am to 7pm
Monday through Saturday
8:30am to 6pm
Western UnionCharleroiCharleroi
Rue Neuve 11
Charleroi, Hainaut 6000
Kucuk Shop
Boulevard Paul Janson 25
Charleroi, Hainaut 6000
Opening hoursMonday through Saturday
10am to 6pm.
Sunday 10am to 2pm.
Monday through Saturday
10am to 6pm.

Tips for picking up cash in Belgium

The Government of Canada advises tourists travelling to Belgium to exercise normal safety precautions. It’s important to be vigilant when travelling to a cash pick-up location. Know the hours ahead of time, plan safe transportation and immediately head back to your hotel once the money has been received to put your money in a safe place.

How to send money to Belgium

If you’re planning on sending money using a cash pick-up option, it’s important that you and your recipient be aware of the following:

  • Full name. As a security precaution, the full name of your recipient must match the name printed on their photo identification exactly.
  • Transfer number. The sender will be provided with a transfer number. This number must be relayed to your recipient and in turn to the pick-up agent before funds are released.
  • Transfer amount. For further verification, your beneficiary may be asked the amount of money that was sent and/or the sender’s full name and location.
  • Verification question. Some companies may also offer an additional security option where the recipient is asked to answer a question given by the sender.

Any paperwork that you receive when transferring money from Canada to Belgium should be kept until it is verified that your recipient has received the full funds. This will be necessary in the event that you wish to lodge a dispute or complaint.

Compare the best money transfer services for Belgium

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