Features and exchange of Visa/MasterCard in Bulgarian lev (BGN)
The Bulgarian lev (BGN) is Bulgaria's official national currency. It was introduced in 1881 and has become an integral part of the country's economy since then. In the article, we will consider the peculiarities of this currency, as well as ways for residents and non-residents to get a bank card in BGN. We will also consider exchanging Visa/Mastercard BGN online for other currencies.
Features of the Bulgarian lev currency
Bulgarian lev is abbreviated to "lv", and the international currency code is BGN. Each lev is divided into 100 stotinki. Banknotes are issued in denominations of 2, 5, 10, 20, 50 and 100 levs, and coins are issued in denominations of 1, 2, 5, 10, 20 and 50 stotinki and 1 and 2 levs.
The Bulgarian lev is a reasonably stable currency with a fixed exchange rate against the euro.
How to get a bank card in BGN for a resident or a non-resident
To obtain a bank card in BGN, residents and non-residents must apply to any bank in Bulgaria. The basic requirements for opening an account and getting a card include:
- providing documents confirming identity and place of residence;
- filling in the relevant questionnaires.
Banks may also require additional documents or information depending on the individual conditions of the financial institution.
Foreigners can open an account in Bulgarian banks such as:
- DSK (DSK Bank),
- UniCredit Bulbank (UniCredit Bulbank),
- Tokuda Bank,
- Bulgarian-American Credit Bank (BACB).
Opening an account is enough to show them a tourist visa or proof of residence permit/permanent residence status.
Exchanging Visa/Mastercard BGN online for other currencies
Many online services and platforms allow you to exchange Bulgarian lev for other currencies using Visa or Mastercard. You must choose a reliable and trusted service, register on the platform and follow the currency exchange instructions.
Please note that currency exchanges may charge transaction fees. Therefore, before using any exchanger, carefully read the terms and conditions to avoid unpleasant surprises.
Our aggregator, BestChange, is the best assistant in finding suitable exchange offices. You choose the direction you are interested in, and we provide an up-to-date list of working services with the most favourable exchange rate.