Adoption of the euro as the basic currency

From the date of Bulgaria's accession to the euro area, all payment accounts, deposit accounts, current budget accounts, savings accounts, collection accounts, liquidation accounts, and other accounts with local banks, as well as payment accounts with other payment service providers (payment institutions and electronic money companies), will be converted to euros once, automatically, and free of charge, while keeping the terms of the relevant contracts valid before the conversion.

No, your IBAN will remain the same.

From the first day of the adoption of the euro, account holders will only be able to withdraw EUR from their BGN accounts, regardless of whether the withdrawal is made through an ATM (ATM)/POS terminal or at the office of the payment service provider (bank, payment institution, or electronic money institution), and cashless payments will be made exclusively in euros.

• In our branches:

       - Free in the first 6 months after the adoption of the euro.

       - For amounts over BGN 30,000, a written request submitted at least 3 business days in advance will be required.

Here you can choose the most comfortable for you CCB office.

• In the Bulgarian National Bank (BNB):

        - Free of charge and with no time limit for unlimited amounts.

• At Bulgarian Post Offices (in towns without bank branches):

        - Up to BGN 1,000 per day – no advance request required.

        - Between BGN 1,000 and BGN 10,000 per day – after submitting a request 3-5 business days in advance.

        - Amounts over BGN 10,000 per day will not be exchanged.

Your current debit and credit cards will remain valid and active after the introduction of the euro until their expiry date. You will not need to replace them.

All BGN transactions will be automatically converted into euros at the official exchange rate of 1.95583 and will be accounted for in EUR in your account.

No, there will be no fees for converting amounts from BGN to EUR for transactions.

Yes, you will be able to withdraw EUR with your current card, as all levs in your account will be automatically converted. After the euro is adopted as the official currency in the Republic of Bulgaria, ATMs in Bulgaria will only dispense euros, including during the one-month period of dual circulation of levs and euros.

Yes, with your current card you will be able to pay in EUR at physical or virtual POS terminals, as all levs in your account will be automatically converted.

The bonus points accumulated under the CCB Club programme will be converted into euros at the official exchange rate of 1.95583. Currently, 1 bonus point is equal to 1 stotinka. After the introduction of the euro, 1 bonus point will be equal to 1 euro cent.

No, club cards will not be reissued due to the adoption of the euro. You can continue to use your current card until the expiry date indicated on it.

Existing loans granted in BGN will be automatically converted into euros at the official exchange rate as of the date of introduction of the euro. The conversion of loans from BGN to euros will not have any adverse consequences for borrowers or lead to any other changes in the terms and conditions of existing loan agreements.

According to the Law on the Introduction of the Euro in the Republic of Bulgaria, for loans with a fixed interest rate, the bank will continue to apply the relevant interest rate after the introduction of the euro. In the case of loans with a variable interest rate, the transition from a variable interest rate in levs to a variable interest rate in euros will be determined by a methodology that ensures that the instalment remains unchanged.

The change in the nominal value of collateral pledged/mortgaged in favour of banks and financial institutions should be automatically reflected in the special pledge register and/or the property register. In order to protect the interests of the persons who have established the collateral, no other changes in the value of the pledged/mortgaged property are allowed as a result of the automatic conversion from BGN to EUR – i.e. the replacement of the lev with the euro should not be used as a basis for changing (either increasing or decreasing) the value of the collateral.

The credit limit, liabilities, and payments in BGN on your credit card will be automatically converted into EUR at the official exchange rate of 1.95583, effective from the date of introduction of the euro, which will not change the amount of your debt.

There will be no change in the interest rate agreed between you and the Bank after the introduction of the euro.

In connection with the Law on the Introduction of the Euro in the Republic of Bulgaria, as of the date of introduction of the euro as the official means of payment in the Republic of Bulgaria, all financial instruments denominated in levs owned by the Bank's customers will be automatically converted from levs to euros in accordance with the general principles and rules laid down in the Euro Act.

Here you can find complete information regarding the upcoming currency conversion of financial instruments.