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Recent articles

Dec 18, 2017

Three trade unions will come together to protest against controversial government pension reforms...

Dec 18, 2017

A new dinosaur skeleton is now on view at the Museum of Natural Sciences in Brussels.

Dec 17, 2017

More than 200 Harley Davidson bikers rode the streets of Brussels dressed as Father Christmas on...

Dec 17, 2017

Brussels residents can write a Christmas or new-year wish and have it displayed on five big...

Instant bank transfers coming to Belgium next year

Oct 12, 2017

Belgian banks will start offering instant money transfers from November next year, speeding up payments for individuals and businesses.

Belgian financial sector federation Febelfin said the country would follow the lead of Sweden, Denmark, the UK, Poland and Switzerland where instant transfers can already be made 24 hours a day and seven days a week.

Money will be deposited in a recipient's account within seconds, even if they use a different bank. The service will eventually be extended to international transfers within the Single European Payment Area (Sepa) - but only in euros.

Febelfin spokeswoman Isabelle Marchand said: "Neighbouring countries France and the Netherlands are also busy developing the service for 2019. Consumer will not be the only people to benefit - companies will receive their payments faster, which will improve cashflow."

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