Bank accounts

Assistance with opening a bank account in Bulgaria

Opening a bank account in Bulgaria

Opening a bank account in Bulgaria is an important step when purchasing property, obtaining a Bulgarian residence permit or carrying out financial transactions in an EU country.

Bulgaria Avenue provides full support in opening a bank account in Bulgaria for foreign citizens — quickly, officially and in line with all bank requirements.

How to open a bank account in Bulgaria

To open an account with a Bulgarian bank, you need to prepare a basic package of documents and complete the identification procedure.

We accompany the client at every stage: from preparing the documents to successfully opening the account.

Documents for opening an account in Bulgaria

To open a bank account in Bulgaria you will need:

A foreign passport
⁠⁠Proof of residential address outside Bulgaria
Tax identification number (TIN)
Reservation agreement for the property or preliminary purchase contract

This package of documents is the standard set. Depending on the bank, additional documents may be requested.

Who needs to open an account in Bulgaria

Opening a bank account is required:

when purchasing property in Bulgaria
when applying for a D visa and residence permit
for carrying out official financial transactions
for living and running activities in the country

Bulgaria Avenue provides full support:

⁠⁠Consultation on choosing a bank
Preparation and verification of documents
Arranging the meeting at the bank
Assistance during the account opening
⁠⁠Help with completing the bank's procedures

We work with reliable Bulgarian banks and are familiar with the current requirements, which allows us to minimise the risk of refusal.

Timeframe for opening a bank account in Bulgaria

In most cases opening a bank account takes from 1 to several working days, depending on the bank and the documents provided.

Result

You receive an official bank account in Bulgaria

with the ability to make payments, pay for property and use it for obtaining a residence permit.

Open a bank account in Bulgaria

If you need to open an account with a Bulgarian bank, submit a request on the website or contact us.

Service cost: €100

The Bulgaria Avenue specialists will advise you and fully accompany the account opening process.

Gallery

Real moments and milestones from our clients who have already settled in and are beginning a new life in Europe — their successes speak for themselves.

Reviews

Words of gratitude that inspire us!

All reviews on Google

I contacted Bulgaria Avenue for help and was completely satisfied with the results. Their staff demonstrated a high level of professionalism, and all services were provided promptly and efficiently.

I am extremely satisfied with the services of the company! The deal went quickly and without any problems. Full support from Evgenia Prokazova. Professionalism and accuracy! I highly recommend, especially after my collision (and disappointment) with other companies in Bulgaria

We chose Bulgaria Avenue and have never regretted it! Eugenia and Dimitar are fantastic! They are highly qualified experts in real estate, they have an extensive database of offers, their professional approach in working with clients, decency, honesty, sincerity and kindness deserve the highest praise! They value client time and are patient and respectful of all requests, wishes and questions. I had 2 days at my disposal and we managed to do everything: choose a flat, sign a preliminary contract, open a bank account! Their advice in choosing locations, builders, quality of renovation is highly professional. They are very professional and knowledgeable in their choice of locations, builders and quality of renovation.

Highly recommend to use Bulgaria Avenue services if you want to buy your first property in Bulgaria or even if you think you know Bulgarian market well enough to buy property by yourself. Evgeniya (Director of the Bulgaria Avenue) is very experienced agent. Property which was selected by Evgeniya for us, based on our requirements, exceeded our expectations. Without hesitation we recommend Bulgarian Avenue services for their professional advice; for post sale support; for making buying experience simple and very pleasant; for helping us to convert dream property into welcoming home.

Frequently asked questions

Which Bulgarian banks do you help open an account with, and by what criteria do you choose them?

We primarily offer our clients to open an account with Asset International Bank, although foreigners can also be served by First Investment Bank (Fibank), Bulbank, UniCredit Bulbank, DAK Bank and Postbank. When making our choice we consider the following criteria: the availability of account-opening services for non-residents, low transaction and maintenance fees, online banking in English and Russian, and how convenient it is to use the bank's card abroad. Before helping to open an account, our specialists always check the chosen bank and take your needs into account (an account for a residence permit, business, salary, etc.). These banks have a high rating, are reliable and are in demand both with the local population and with foreigners who have come to live in Bulgaria.

What documents does a foreigner need to open an account in Bulgaria?

If you are a citizen of another country and wish to open an account with a Bulgarian bank, you will need: a valid foreign passport, a document confirming residence in the country (a rental agreement or a notarised deed of ownership, a deposit agreement or reservation), a tax identification number (TIN) (for a citizen of Israel — the internal page of the passport containing this information), and a home-country passport with the place of registration. If you are opening an account for a business, company registration documents are required. We accompany clients to the bank, where we help fill in the application and translate the documents. This allows you to feel confident and comfortable and not worry that something will go wrong.

Can I open a foreign-currency account (EUR/USD) and what maintenance fees are usually charged?

Of course! Bulgarian banks allow the opening of multi-currency accounts (USD, EUR and others) with favourable conversion during in-account transactions. If you are not a resident of the country, many banks charge a maintenance fee of €0 – €20 per year (the amount depends on the bank and the terms of the contract). At the same time, you can easily manage your funds through a smartphone app.

How long does it take to open an account with your support?

You can open a bank account in Bulgaria with the help of Bulgaria Avenue in 1–3 days. Even if the service is needed by a citizen of another country, local laws allow you to make use of it. On the first day, the documents are submitted to the chosen bank, and on the second (or third) day you receive the card and account details (the bank may also provide details for online access). If you deal with opening the account on your own, the process may drag on due to a lack of familiarity with how Bulgarian banks operate. With our agency, everything will go as pleasantly and stress-free as possible.

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