In Bulgaria there is a wide variety of banks, connected to various international organizations. In order to open Bulgarian bank account, you have to fulfill the necessary documents, to introduce your passport and to deposit money to the account.  Then, you will get the account’s number, IBAN and others. Checkbooks are not being issued (in Bulgaria, check books are not the ordinary means of payments); bank customers may dispose with all important credit and debit cards.

Personal Current Account

Here you are able to make regular payments by means of direct debit; however, you are not allowed to raise your limit.

You often receive a debit card to draw money with. You can pay in your salary or pension.

Internet Account

This is an account that might be run only on the Web. Quite often better interest is offered on the money in that account. It is not so popular in Bulgaria yet.

Joint Account

Current account, usually intended for a husband and wife or long-term partners. Both partners bring solidarity responsibility

Saving Accounts

Some accounts, such as ordinary current account, are intended only for the daily servicing of your needs and offer a package of main services. Although some current accounts pay interest on availability, this is not their major function. There are several types of accounts that ensure a number of advantages.

The most accessible saving accounts allow immediate access to your money anytime. This allows you to make a contribution apart from size and time and usually the account might be opened with a minimal deposit of 1 lev/1 euro. 

Another type is the time deposits where interest rates are usually higher. Moreover, the income from such an account depends not only on the amount deposited, but also on the period.

It is an advantage that at the opening of such account you can calculate what income you will get and then how long you can expect.

It is a disadvantage that during the preliminary withdrawing from your account, you may loose the interest. This is, however, not a mandatory because recently in Bulgaria more banks offer preferential conditions for deposit with a possibility for withdrawing from the account without violating the conditions of deposit.