Traditional Providers
Open a Bulgarian Lev Business Account
Open a BGN business account and operate across Bulgaria with confidence. Get local IBAN details with access to BISERA, RINGS, Blink, and SWIFT. Send, receive, and hold BGN with clear control over every transaction.
Reduce FX friction and simplify international transfers
Local BG IBAN details in your company’s name (where applicable)
Access local payment rails for domestic and regional payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Bulgarian Lev
Currency name
BGN
ISO code
лв
Currency symbol
Why You Need a Bulgarian Lev Account
What’s Included with
Your Bulgarian Lev Business Account
A BGN account connects you directly to Bulgaria’s domestic payment rails while ensuring global reach through SWIFT. This combination delivers speed and cost efficiency for local operations, with international certainty for cross-border flows.
Key Benefits
Local IBAN in your company’s name – recognised across Bulgaria for seamless payments.
Domestic clearing (BISERA) – low-cost same-day or next-day transfers under BGN 100,000.
Real-time settlement (RINGS) – same-day clearing for high-value BGN payments.
Global SWIFT access – connect BGN accounts to international counterparties without friction.
The Risk
The Risk of Not Having a Bulgarian Lev Business Account
Relying on foreign-currency wires and repeated conversions for Bulgarian operations creates avoidable cost and uncertainty. Without a local account, businesses are exposed to unnecessary friction.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer BGN transfers to domestic accounts.
Compliance challenges:
Paying taxes and salaries without a lev account can be impractical.
Who We Serve
Our BGN Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies expanding into Bulgaria to established global organisations managing complex operations.
Global Corporates
Centralise BGN receivables, fund suppliers and payroll, and align BGN costs with BGN revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in BGN with role-based approvals and clear audit trails.
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Private Equity
Efficient BGN flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet BGN management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open a Bulgarian Lev Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
Define structure, jurisdictions, directors/UBOs, volumes, and EUR use cases. We confirm feasibility and the optimal configuration.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
Bulgarian Lev account in your company’s name, with BG-IBAN and payment rail access.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Bulgarian Lev Business Account - FAQs
Opening a BGN account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.