15 Januari 2026
The Belgian savings market has seen a quieter year, with less competition and a lack of major bank mergers. This has led to Belgians using the free bank switching service Bankswitching less often last year. New figures from the Belgian banking association Febelfin show that 111.745 applications were submitted last year to switch banks. sofa to be exchanged via Bankswitching. This is a decrease of almost 17 percent compared to 2024.
The year 2024 was an exceptional year with high demand for the bank switching service. This was mainly due to a commercial offensive by many couches After the money Belgians had invested en masse in tax-friendly government bonds was released in the summer of 2024, many customers switched banks. This action also led to an increase in the number of requests to the bank switching service, as did the acquisition of AXA Bank Belgium by Crelan in 2024. However, such large-scale mergers did not occur in 2025.
Febelfin data shows that the service is particularly popular for switching savings accounts. More than 40 percent of all Bankswitching requests were for switching banks and closing an existing savings account. In addition, approximately one-third of customers used the switching service to close their old current account and transfer their payment orders to a new bank.
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