BACB executes payments with in the country and abroad in three basic currencies - EUR, USD, GBP and under strict observance of the country legislation.
Payments in foreign currencies are executed through the international SWIFT system and through the mediation of corresponden tbanks of BACB AD.
To execute payments in EUR, the bank may use its direct participation in the Trans-European Automated Real-Time Gross Settlement Express Transfer TARGET2, as well as its membership in the Single Euro Payments Area (SEPA).
Terms for acceptance and execution:
- Payment orders for interbank currency transfers received by the Bank by 4 p.m. shall be processed on the same business day. Orders received after 4 p.m. shall be processed on the next business day.
- Payment orders with same value date must be received by the Bank till 3 p.m. Orders received after 3 p.m. shall be executed with same value date upon Bank's consent or with next value date.
Documents for execution of transfers:
Transfers up to the equivalent of BGN 30,000:
Payment order (BACB’s form)
Transfers of the equivalent of BGN 30,000 or above:
- Payment order (BACB’s form)
- Declaration as per Ordinance No 28of BNB*
Declaration under Art. 2, para. 1 of Ordinance 28 of the BNB shall be filled in when making a cross-border transfer or payment to a third party, the equivalent of which is equal to or exceeds BGN 30,000. For transfers and payments to the EEA, the declaration is not required - Documents, which prove the reason for transfer*
* If the transfer is to a bank in the European Union and European Economic Area, no documents are required.
Correspondent banks of BACB
| Currency | Correspondence Bank | BIC |
| EUR | Raiffeisen Bank International, Vienna | RZBAATWW |
| USD | Raiffeisen Bank International, Vienna | RZBAATWW |
| GBP | Raiffeisen Bank International, Vienna | RZBAATWW |
