iBanFirst Help Centre

Bulgaria BGN to EUR switch

What will happen to BGN accounts when Bulgaria switches from BGN to EUR 1st Jan 2026.

Account changes

What happens with my BGN accounts?

What if my accounting currency is BGN?

What if I already have a EUR account?

Will I still have access to my BGN accounts after the switch?

Will I still have access to my BGN account statements after the switch?

How long will my BGN accounts be visible on the platform?

What if I need to make an outbound BGN payment?

What if I need to receive an inbound BGN payment?

Will there be any payment downtime?

Funds and exchange rates

Will you honour the 1 EUR = 1.95583 BGN exchange rate?

What happens with BGN funds on my accounts?

Will I still be able to hold BGN balances after the switch?

What happens to beneficiaries saved as BGN recipients?

Issues during the switch period

What if I experience issues with payments or my accounts?