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What Are The Different Types of Accounts in Banks?

To help ex-pats moving to the country, Belgium has a list of bank accounts. They are:

Basic Current Account:
The basic current account is a type of bank account that is offered by most of the banks. It is available without the monthly fee and helps users to access online and in-branch banking. Credits cards do not come with this account.

Premium Current Account:
The premium current account is the one that allows free cash withdrawals and cash replacements. Some also allow an extra cardholder fee.

Bundled Account:
Bundled accounts include both credit cards and insurance packages. These are charged at a slightly higher fee but require a minimum payment amount each month.

Savings Accounts:
The savings accounts come in all shapes and sizes. Users can withdraw cash within 24 hours, and some bank provides specific milestones such as buying a house to the account holders.

Offshore Bank Account:
All ex-pats living in Belgium can open an offshore account for more advantages. The account helps users to transfer money and has more legal advantages over other bank accounts.

How To Open A Belgian Account?
What are the advantages of prepaid sim cards?

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Living-in-belgium.be is a website that gives free advice to expats and non-Flemish or French speakers about relocation services in Belgium. We try to be unbiased and honest to our visitors.

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