3 June 2026
Opening a Bank Account in Bulgaria
Our experts in company formation in Bulgaria can offer detailed information about how to open a bank account in Bulgaria.
Businessmen who want to set up a company in Bulgaria will need to open a bank account and to consider the rules and regulations in this field. Complete guidance and assistance can be received from our agents for opening a business in Bulgaria, no matter if you want to establish a corporate bank account or a personal one. The same team can provide in-depth support for opening a company in Bulgaria, regardless of the chosen structure.
| Quick Facts | |
|---|---|
| Control authority for the banking sector in Bulgaria | The Central Bank of Bulgaria |
Currencies used when opening a bank account in Bulgaria | – EURO, – US Dollars, – English Pounds etc. |
Can I open a bank account in Bulgaria while being abroad? [YES/NO] | No |
| Examples of banks in Bulgaria | – UniCredit Bulbank, – Raiffeisen, – DSK, – Postbank |
| Is it possible to open a bank account in Bulgaria as a non-resident? [YES/NO] | Yes |
| Documents to present as a foreigner | – valid passport, – proof of the official address |
| Number of banking companies operating in Bulgaria | 25 |
| Advantages of opening a bank account in Bulgaria | – simple process, – allows banking operations from abroad, – allows transactions in multiple currencies |
| Banking services in Bulgaria | – internet banking, – payments in different currencies, – withdrawals, – deposits |
| Do I need to make a deposit when opening a bank account? | Most of the banks require a small deposit at first. |
| Documents to obtain before opening a business bank account in Bulgaria | Apply for the issuance of the company’s certificate of incorporation in Bulgaria. |
| Loans option available [YES/NO] | Yes |
| Fees for the administration of a bank account in Bulgaria | Fees may vary depending on the bank and the transactions. |
| Types of bank accounts in Bulgaria | – personal bank account, – business bank account |
| Operations for business bank accounts in Bulgaria | – payment processing, – payroll management, – business loans |
Conditions to open a corporate bank account in Bulgaria in 2026
The banks in Bulgaria may request different documents in order to open a bank account, but the following papers are mandatory:
- the shareholders must provide copies of their identification cards;
- the articles of association need to be provided;
- the company’s certificate of incorporation issued by the Trade Register in Bulgaria needs to be presented;
- the bank forms need to be fulfilled;
- the specimen signatures of the company’s executives need to be prepared.
Our experts in company formation in Bulgaria can offer legal assistance when preparing the documents for opening a bank account in Bulgaria in 2026. You can also obtain details about the company registration procedure in Bulgaria and explore this infographic:
Bank services related to your account in Bulgaria
Any businessman who wants to open a corporate bank account in Bulgaria can choose different currencies, such as the Euro, English pounds, or American dollars. A payment card will be provided to the holder of the bank account, and also details about the Internet banking services available, in order to control and verify the capital anywhere in the world. You can also make online transactions with secure systems. Among important banks in Bulgaria, we mention UniCredit Bulbank, DSK Bank and Postbank, but there are also foreign banks with branches in the country.
Can I open a bank account from overseas?
Yes, it is possible to open a bank account from abroad if you appoint us with a power of attorney and if you provide all the needed documents in a notarized form. The formalities might be complicated in this direction; however, foreigners can request help and solicit assistance for opening a bank account in Bulgaria.
Even though it is possible to open a bank account from abroad, it might be necessary to travel to Bulgaria and take care of varied formalities like documents and signatures. In any case, whether you choose to open a bank account from Bulgaria or from a foreign country, you are recommended to solicit our assistance and support.
Banking fees and charges
Opening a bank account in Bulgaria comes with varied contracts and documents comprising information about the offered services, charges, and fees, if that is the case. Banking fees are normally mentioned at the bank before the contract is signed, however, it is recommended to check the documents and verify the information in this sense. Setting up a bank account in Bulgaria is not complicated, but instead of dealing with language barriers or other misunderstandings, feel free to talk to one of our consultants.
Updates on the financial sector of Bulgaria in 2026
The year 2026 began in Bulgaria with the transition to the Euro currency. Dual circulation of lev and euro ended on 31 January 2026; since 1 February 2026 only the euro is legal tender. Here are some other updates:
- Bulgarian bank customers had all their lev accounts converted automatically into euro on 1 January 2026 at BGN 1.95583 per euro.
- All Bulgarian banks automatically converted loans and deposits from Leva to Euro starting in January 2026.
- Commercial banks exchanged leva free of charge until 30 June 2026; the BNB exchanges leva free of charge for an unlimited period.
- The Central Bank of Bulgaria has overseen the transition to the Euro currency in 2026, aiming for it to be smooth and free of complications.
FAQ about bank accounts in Bulgaria
No, there are no complex formalities for opening a bank account in Bulgaria. One of our specialists can give support and guidance on this matter.
Yes, regardless of the type of company you want to have in Bulgaria, a bank account is mandatory. The minimum share capital is normally deposited in a bank account at the time of business registration.
Besides the identification documents of persons who want to open a bank account in Bulgaria, the Certificate of Incorporation of the company, plus the Articles of Association, some specimen signatures, and specific bank forms are required. Our agents can handle the entire formalities.
A bank account in Bulgaria can be opened right away, as soon as the documents are accepted. One of our company formation agents in Bulgaria can manage the procedures if you send your inquiries.
Yes, if you need to make transfers in different currencies, you can mention this aspect to the bank officer and see how you can be helped. Remember that such services might be subject to different fees.
The possibility of paying in different currencies, internet banking services, online transactions, deposits, and withdrawals are a few of the main services a bank can offer to customers in Bulgaria. It is suggested to specify in advance the type of services you want and benefit from tailored facilities to your needs.
Some banks in Bulgaria might require your presence for specific formalities and signatures, while others allow the possibility of opening a bank account online, without needing to travel to this country. We remind you that our agents can act on your behalf with a power of attorney.
Normally, most banks in Bulgaria do not impose a fee for opening an account. However, some might solicit a small deposit in the first place. Each financial institution has its own regulations regarding fees, so make sure you choose the right type of bank in accordance with your needs.
Bulgaria hosts a large number of international banks and also domestic ones. You might be able to choose exactly the bank you used to work with in your home country. It is recommended to make some verifications before opening a bank account in Bulgaria.
The Central Bank of Bulgaria is registered with the European banking system, and it is in charge of controlling all the financial activities of related institutions. If you need more details on this topic, feel free to address your questions to our team.
Choose our agents in Bulgaria
The opening of companies and the formalities involved, including those related to a bank account for a business, come to the attention of our specialists. Many people who want to start a company in Bulgaria do not have a clear idea about the legislation, so the full support of an experienced team is more than welcome. Our team is based on professionalism, efficiency, attention to detail, customer requirements, transparency, and experience when offering the necessary services to a business at the beginning of the road. Do not hesitate to ask our specialists and find out from the beginning what the right services are for the activities you want to develop in Bulgaria.
Looking for accounting services in Bulgaria? Would you like to open a startup in Bulgaria and need assistance? You are invited to contact our specialists in company incorporation in Bulgaria. Plus, if you want extra information and details about how to open a bank account in Bulgaria in 2026, please discuss this with our local team of agents.