Best banks in Bulgaria
How to choose a good bank in Bulgaria
Bulgaria's banking network is very good and it provides its citizens with branches and ATMs all over the nation. Certain regional banks have a much stronger presence with international giants focusing on businesses and investments as it is common all over the world.
We recommend that when choosing a bank in Bulgaria, go for those with ease access and ATMs convenient to you. With online banking being normal in Bulgaria, you will be doing most of your banking via the internet so it is important that when you need cash or need to pay bills you have easy access to ATMs which are close by.
Here is a list of retil banks with a strong presence in Bulgaria:
- Unicredit Bulbank: this is one of the largest banks in Bulgaria and it has a wide reaching network of branches and ATMs. They have all the normal banking and financial products and their app is available in English.
- Raiffeisen: Raiffeisen is a bank from Austria with a large presence in Central and Eastern Europe. With about 150 branches in Bulgaria and many ATMs, they are conveniently located in shopping centers.
- DSK: DSK has a good selection of cards and investment and saving offers. ATMs are plentiful.They have a department that works specifically with corporate clients and their internet banking is good.
- Postbank: Postbank has enormous presence in Bulgaria with a branch or ATM in virtually every town in the country. It is very easy to open an account here: an ID will suffice.
Opening a bank account in Bulgaria is rather easy. In some branches it is likely that you will find staff that speaks English which will be helpful. There will be lines which are made easier with a numbered queueing system which is omnipresent in Bulgaria.
Regarding fees, consider asking for a list of all fees from the person activating your account which will detail information regarding monthly charges, debit card fees and other important charges that may come as a surprise if you aren't aware of the bank's pricing model.
