Bulgarians Can Experience the Benefits of EUR Adoption Now with tbi bank

tbi bank announced today that it is here to make the EURO more accessible for Bulgarians as it is now the first bank to abandon BGN/EUR currency exchange spread and offer exchange as per National Bank’s official rate, 9 months prior to the planned EURO adoption date. Customers can benefit from the service in tbi bank app, fully digitally at any part of the day.

If currently Bulgarians are losing on average around 6 BGN in currency exchange fee for every BGN 1,000 converted to EUR 1, now with tbi they will be saving these amounts. Looking at the bigger picture, according to recent data, Bulgaria is losing around 500 million BGN annually due to exchange rate costs2.

The bank’s decision is based on its firm belief in Bulgaria’s readiness to join the Eurozone and willingness to support Bulgarians during the transition period. This is why as part of its free daily banking model tbi bank waved yet another cost for the Bulgarians thus creating even more value and convenience for its customers.

“We know that the topic of joining the Eurozone has sparked numerous conversations as well as concerns of the people in Bulgaria. This is why we are here to give them some comfort by offering the fairest trade for their money in BGN and allow them to get the benefit of EUR adoption from now, with no additional cost”, says Lukas Tursa, Executive Director, tbi bank.

Along with BGN/EUR exchange at BNB’s official rate, tbi’s daily banking package provides customers with many benefits, including a current account with no monthly fee, unlimited free instant payments in BGN and EUR, fee-free utility payments, option to split the payments of purchases with no interest, as well as among the highest interest rates for deposits (up to 3,2%).