International wire transfers require precision, and even a minor error in the SWIFT/BIC code can lead to delays or returned funds. This guide provides a comprehensive overview of SWIFT/BIC codes for Bulgarian banks to ensure seamless cross-border transactions.
How to Find SWIFT/BIC Codes for Bulgarian Banks
Whether sending or receiving funds to or from Bulgaria, accurate SWIFT/BIC codes are critical. Here are two methods to locate the correct code:
- Bank Name and City Search: Input the bank's name and city to quickly identify the correct SWIFT/BIC code.
- Popular Bank List: Refer to a curated list of Bulgaria's most frequently used banks for direct access to their codes.
SWIFT/BIC Codes for Major Bulgarian Banks
- Bulgarian National Bank (BNB Bulgaria)
- TBI Bank
- DSK Bank
- Allianz Bank Bulgaria
- United Bulgarian Bank (UBB)
- UniCredit Bulbank
- Central Cooperative Bank (CCB)
- First Investment Bank
Why Accurate SWIFT/BIC Codes Matter
Using an incorrect SWIFT/BIC code can result in:
- Delayed or failed transactions
- Funds being routed to the wrong account
- Additional fees for retrieval or correction
Frequently Asked Questions
What is a SWIFT code, and why is it required for transfers to Bulgaria?
A SWIFT code (also called a BIC) is a standardized identifier for financial institutions in international transactions. It ensures funds reach the correct bank in Bulgaria.
Do different branches of Bulgarian banks have unique SWIFT codes?
Some Bulgarian banks use a single SWIFT code for all branches, while others assign unique codes to specific locations. Always verify with the recipient's bank.
Is a SWIFT code the same as an IBAN in Bulgaria?
No. A SWIFT code identifies the bank, while an IBAN specifies the individual account. Some transactions may require both, particularly within Europe.
How can I verify a Bulgarian SWIFT code?
Cross-check through:
- Bank statements or official documents
- Direct confirmation from the bank
- Reputable online SWIFT code directories