How hard is to open bank account in Bulgaria in 2020
Following our 2019 update on the different problems that foreigners face when trying to open bank accounts in Bulgaria, things haven’t got much easier. The banks in Bulgaria don’t seem to be getting much joy from their foreign clients. Unless of course the bank can be 100% certain that the client has “serious intentions”…
In the good old days, usually it was the young girls who were expecting “serious intentions” before they would get their feet wet in a relationship. Now it seems the banks are playing timid and “hard to get”. But are they?
Harsh regulatory measures
Not really, it’s more like that the banks are being scared from the over-regulated legal environment. The banks need to comply with so many regulations – anti money laundering, KYC, anti tax avoidance measures, etc. that they simply prefer saying “NO!”. Rather than risking to face the eventual “consequences”.
How can you gain the bank’s confidence?
Believe it or not, but it is now you who has to gain the confidence of the bank. You have to be polite and presentable, the very least. You will have to prove that you will never cause any headache, no matter what. Now the bank is choosing you, not the other way around.
Justify the reason for the account opening
You will have to justify why do you want to open bank account in another country (Bulgaria). Because think about it – the bank won’t pay you virtually any interest on your hard earned money and may even charge you a negative one. They will charge you hefty maintenance fees and you will be still willing to open a bank account? You better find a good reason for this madness…
How can you realistically open bank account in Bulgaria in 2020
Realistically, with our assistance you still have a chance. On your own – you will need to go back to the future.
Today is April 1st – the Day of Satire in Bulgaria. We believe that you, our readers, need some cheering up during the covid-19 hardship. And we sincerely believe you all deserve having bank accounts all over the world, Bulgaria in the first place. If you need our assistance, contact us at once. We believe to be the only company that will do the job. Let’s do it even remotely, to protect everyone from the coronavirus threat.