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Need to send money to bulgaria

why use a currency broker than your bank

Need to send money transfers to Bulgaria

The Bulgarian Lev (BGN; symbol лв) = 100 stotinki is the main currency in Bulgaria. Although Bulgaria operates its own currency it still accepts the euro. Notes are in denominations of BGN 50, 20, 10, 5, 2 and 1. Coins are in denominations of лв1 and 50, 20, 10, 5, 2 and 1 stotinki.

Need to send money to Bulgaria?

The IBAN includes various codes, like your branch and account numbers, and is the standard system for sending payments across Europe. Bulgarian IBAN has 22 characters, starting with 'BG' followed by 20 characters, and can usually be found on your bank statement or other paperwork, along with your BIC or SWIFT code.

There are further technical details below, although the Currency providers will take care of ensuring payment details are in the correct format before initiating any payments on your behalf.

Bulgarian IBAN Format: BGkk BBBB SSSS DDCC CCCC CC

B = Alphanumeric Bank Code (first four letters of SWIFT BIC)
S = Branch (BAE) Number
D = Numeric Account Type
C = Alphanumeric Account No.
k = Check Digits

The BIC (Bank Identifier Code) or SWIFT code are made up of 8 or 11 characters and should mirror the following format;

Bulgarian BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD

B = Bank Code (Only Letters)
C = Country Code 'BG' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)

Use our comparison website Send Money Home to see who can assist you in your currency exchange see which company ticks all the boxes when it comes to sending your money to Bulgaria. There are so many companies available but ensure you are getting the best currency exchange rate and are offering no money transfer fees over 5000 to 10,000.

Receiving and Sending money home to the Bulgaria is easy just choose which company you want to use and complete the online application form. Once submitted you may need to provide confirmation of ID. This is standard and is a requirement by the Inland Revenue and the FSA to confirm who you are and to protect your money. Once your account is opened you can then confirm a currency rate and transfer funds. It all sounds like it will take time but in fact, in an account can be opened in 10 minutes if you have your passport and proof of ID with you.

Ensure you get the best rate, remember you are not the expert they are so asking as many questions as you need getting expert advice all the way.

All of the currency providers listed on Send Money Home Website have been carefully vetted by sendmoneyhome.co.uk, All currency providers are regulated by the Financial Services Authority (FSA) and operate segregated client accounts. When you need to send money to the Bulgaria consider using one of these companies and save money compared to using your high street bank.

Sending Money to Bulgaria?

When you click the ‘Open an Account / Get a Quick Quote’ button, you will be directed to the currency providers website where you need to open an account before you can send money to the Bulgaria.