
Bulgarian Postbank offers a wide range of information and financial services to its customers.
The bank provides current accounts, which can be managed online or through a mobile app.
You can also apply for a credit card or a loan, depending on your financial needs.
Postbank's online banking system allows you to check your account balance, pay bills, and transfer funds easily.
With over 300 branches across the country, it's easy to find a Postbank location near you.
The bank also offers a mobile banking app that enables you to perform banking tasks on the go.
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Fixed Deposits
Eurobank Bulgaria (Postbank) offers a range of fixed deposits to suit different needs and preferences.
You can choose from deposits in BGN, EUR, and USD, giving you flexibility in managing your finances.
The bank offers fixed deposits with varying interest rates depending on the term and currency.
For example, a 0-month fixed deposit in BGN earns an interest rate of 0.25%.
A 12-month fixed deposit in EUR, on the other hand, earns a relatively low interest rate of 0.01%.
Interestingly, a 36-month fixed deposit in BGN, EUR, or USD earns the same interest rate of 0.71%.
This means that regardless of the currency, you can enjoy the same interest rate for a long-term investment.
Eurobank Bulgaria (Postbank) offers fixed deposits with terms ranging from 0 months to 36 months.
The interest rates for these deposits vary depending on the term and currency, as mentioned earlier.
By choosing the right fixed deposit, you can earn interest on your savings and achieve your financial goals.
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Bank Information
Bulgarian Postbank offers a range of banking services to its clients.
Their network consists of over 300 branches across the country, providing easy access to banking services for people in both urban and rural areas.
You can find a branch near you by using their online branch locator tool, which also provides information on the services offered at each branch.
Deposit Guarantee Scheme
Eurobank Bulgaria (Postbank) participates in the deposit guarantee scheme of Bulgaria, which covers all deposit accounts made by natural persons and legal entities.
This scheme covers up to 100,000 EUR (or equivalent in local currency) per bank per depositor.
In other words, your deposits are safe up to this amount, no matter how many accounts you have with Eurobank Bulgaria (Postbank).
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Products Offered
Eurobank Bulgaria, also known as Postbank, offers a variety of fixed deposit products with different interest rates and terms.
You can choose from fixed deposits in Bulgarian lev (BGN), euro (EUR), or US dollar (USD), which is convenient for international clients.
Fixed deposits in BGN have interest rates ranging from 1.00% to 0.71% per annum, depending on the term, which can be as short as 12 months or as long as 3 years.
One of the options for a fixed deposit in BGN is 1.00% interest rate for a 12-month term, paid at maturity.
Related reading: Bulgarian Deposit Insurance Fund
A fixed deposit in EUR also has an interest rate of 1.00% for a 12-month term, paid at maturity.
Fixed deposits in USD have interest rates ranging from 0.01% to 0.70% per annum, depending on the term and currency.
Here are some of the fixed deposit options available in USD:
It's worth noting that some of the fixed deposits have a payment frequency of "at maturity", which means the interest will be paid only when the deposit matures.
Bank Identifiers
Bank Identifiers are a crucial part of banking, and they help you identify and verify the bank you're dealing with.
SWIFT codes, also known as BICs, are a type of bank identifier that's used for international transactions. They're usually 8-11 characters long and consist of a combination of letters and numbers.
IBANs, or International Bank Account Numbers, are another type of bank identifier that's commonly used in Europe. They're a 28-character code that includes the country code, bank code, and account number.
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Bank Routing Numbers, also known as ABA numbers, are used in the US for domestic transactions. They're usually 9 digits long and help identify the bank and location of the account.
These identifiers are essential for smooth banking transactions, and it's essential to double-check them to avoid any errors or delays.
Financial Landscape
Bulgarian Postbank has a significant presence in the financial landscape with over 300 branches across the country.
The bank's history dates back to 1872, making it one of the oldest banks in Bulgaria.
Bulgarian Postbank is a subsidiary of the Bulgarian Post, and its main business is to provide banking services to individuals and businesses.
The bank offers a wide range of financial products and services, including current and savings accounts, loans, credit cards, and investment products.
Bulgarian Postbank has a strong online presence, with a user-friendly website and mobile app that allows customers to manage their accounts and perform transactions remotely.
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The bank's ATM network is also extensive, with over 1,500 ATMs across the country.
Bulgarian Postbank is committed to providing excellent customer service, with a team of dedicated professionals available to assist customers with their banking needs.
The bank's customer base is diverse, with a mix of individuals, businesses, and public institutions.
Frequently Asked Questions
What is Postbank Bulgaria called?
Postbank Bulgaria is officially known as Eurobank Bulgaria AD. It's the fourth largest bank in Bulgaria by assets.
Sources
- https://pickthebank.eu/banks/bulgaria/eurobank-bulgaria-postbank-bpbibgsfisd/
- https://www.ebrd.com/news/2024/ebrd-signs-135-million-of-green-portfolio-guarantee-facilities-for-bulgarias-postbank.html
- https://www.ifc.org/en/pressroom/2024/ifc-investment-to-boost-climate-and-gender-financing-in-bulgaria0
- https://www.ubb.bg/en/news/view/raiffeisenbank-bulgaria-ead-lead-manager-bulgarian-postbanks-ad-biggest-bond-issue
- https://fasi.eu/en/articles/news/27850-ebrd-supports-bulgaria-s-postbank-with-eur-135-million-green-portfolio-guarantee-facility.html
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