Transferring money to Bulgaria
You might need to transfer money to Bulgaria to cover payments on a property or to move your payments internationally; you might even just want to transfer money to Bulgaria to help support friends and family. Whatever reason for transferring money to Bulgaria, it is worth checking out the options available in order to ensure that you get the best deal for your money transfer.
What are the transfer options?
Money Sending Bureaus, which are visible on high streets in major cities around the world, provide a useful way of transferring money to Bulgaria if your recipient does not have access to a bank account. These small establishments however usually tend to be poorly regulated and the foreign exchange rates on offer are not particularly competitive.The high per-transfer fees imposed on top of these, which can be as much as 15 per cent, make these companies quite an expensive way of transferring money.
You might want to look into using a high street bank when you need to transfer money to Bulgaria. If your recipient has access to a bank account, with Bullbank or ING for example, then a bank in your country of residence should be able to set up a transfer with one phone call or visit. Unfortunately this convenience comes with a cost as banks also tend to impose large transfer fees.
You can however avoid these costs if you transfer money to Bulgaria with Xendpay. We offer our customers a competitive currency exchange rate and only charge low transfer fees. To find out which currencies that we currently trade and for our specific transfer fees please take a look at our fee page.
There’s not need to take our word for it, however. You can open an online account with us for free today and check out the exchange rates that are currently on offer.
This will allow you to compare the rates with your other options for transferring money to Bulgaria to ensure that you make the right choice.