Whether supporting loved ones, investing abroad, or fueling international business, the need for smooth, efficient money transfers is booming. In today's interconnected world, individuals and companies in Belgium are increasingly seeking reliable ways to send funds across borders. 

However, navigating the many options available can be overwhelming. Traditional bank transfers offer security but are often slow and expensive. On the other hand, newer alternatives like OhentPay promise faster and easier transactions. This article will explore the best deals, expert insights, and comprehensive guidance on sending money from Belgium to any country abroad.

How Do I Send Money Abroad From Belgium?

Modern Methods.

Fintech platforms such as OhentPayis are transforming the industry through their expedited, simplified, and transparent methods for global money transfers. Ohentpay is a platform for international transactions, including sending funds from Belgium abroad. It provides competitive fees, swift transaction processing, robust security protocols, intuitive user interfaces, and transparent pricing models.

To begin, simply download OhentPay, available on Apple and Google Play stores, register an account, complete a quick two-minute KYC verification for added security, link your preferred payment source, and you're all set to initiate money transfers!

Download the OhentPay app on your mobile phone, here.

How To Send Money Abroad from Belgium using OhentPay

To transfer money abroad from Belgium, follow these steps:

• Open the OhentPay application and sign in using your PIN or fingerprint verification.
• Press the 'Send' button or the arrow symbol displayed on the homepage.
• On the 'send money' page, choose the desired currency from the dropdown list.
• Then, "select recipient" and include a recipient by selecting the '+' icon positioned at the upper-right corner of the page.
• Choose the country where your recipient resides from a list comprising over 190 countries, and specify the currency for the transfer.
• Complete the remaining fields in the form and select 'Add Recipient.'
• Review the recipient's information shown on the screen and choose 'Pay with Card.' You will see the transaction fees and estimated delivery time (make sure your card is connected to your OhentPay account).

Traditional Methods.

Traditional Methods for sending money abroad from Belgium include:

Banks: Although renowned for their stringent security measures, banks often entail higher fees due to fixed transaction costs, longer processing times, necessitating in-person visits, and less favourable exchange rates. They are primarily suitable for occasional transactions and smaller sums. 

To initiate international transfers from Belgium via a bank, follow these steps:

• Contact your bank to obtain the necessary information regarding the process. If you don't have one, you can explore how to open a bank account in Belgium.
• Compile recipient details, transfer amount, and desired currency.
• Decide whether to proceed with the transaction online or through a visit to a branch.
• Anticipate processing delays, particularly for larger sums, as it may take several days.

Money Transfer Operators (MTOs): such as Western Union and MoneyGram provide quick and convenient international money transfer services, but they come with higher fees and limited payout choices. They are suitable for urgent, small transfers where speed is more important than cost. To use MTOs, while making international transactions from Belgium follow these steps:

• Select your preferred Money Transfer Operator (MTO).
• Provide recipient information, including name, address, phone number, and sometimes identification, which can vary based on the location and transfer amount.
• Specify the amount and desired currency.
• Pay the necessary fees: MTOs impose transaction fees and may adjust the exchange rate, so consider these factors in your overall expenses.
• Depending on the MTO and available payout options, the recipient can either collect cash at an agent location or receive funds directly into their bank account.

Wrapping Up

In this article, we've delved into diverse approaches for sending money internationally, shedding light on the advantages and factors to consider for each method. OhentPay doesn't just offer a user-friendly platform for quick transactions; it equips you with the insights needed to make informed financial choices. 

If you’d like to send money anywhere in the world from Cyprus and you prefer fast transfers at great rates, we recommend the OhentPay money transfer service. Create an account to get started here.

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