Postbank

• Will my IBAN change after the euro is adopted?
  

No, your IBAN will remain the same.

• Do I need to close my BGN accounts and open new ones in euros?
  

No, you do not need to close your existing accounts or open new ones due to the transition to the euro. From the date Bulgaria joins the eurozone, all types of accounts will be converted automatically and free of charge into euros.

• Will interest rates on savings, current accounts, and deposits change?
  

The applicable interest rate will remain unchanged as of the date of euro adoption in the Republic of Bulgaria.

• I have both a BGN and a EUR account. After the euro becomes the national currency, I won’t need both. Can I close one of them (regardless of whether it’s the BGN or EUR account)?
  

Within two months from the date of euro adoption, you can request to close one of your payment accounts and transfer the positive balance to the other account you hold, maintaining the conditions of the account receiving the funds. No fees or commissions will be charged for these operations. If the account being closed has a debit balance or an issued credit card, the corresponding obligation must be settled before closure.

• If I choose to keep my BGN account, what fees and commissions will I pay to the bank?
  

Upon euro adoption, the fees and commissions for servicing your account will not change. They will be converted from BGN to EUR using the official exchange rate and the rounding rules described in the Law on the Adoption of the Euro.

• Will the amount of protected funds I have in the bank change?
  

The Bank Deposit Guarantee Fund protects deposits held in a bank by a single person, regardless of the number of accounts, up to BGN 196,000. After the euro is adopted in Bulgaria, this amount will become EUR 100,000.