How to send money to Bulgaria
Discover how to send money to Bulgaria with the best BGN exchange rate with these 4 steps
1. Make sure the Bulgarian lev exchange rate is interesting
Although the evolution of the exchange rate is unpredictable, it never hurts to follow it so that you can maximize how many you (or your recipient) receives after the currency exchange. We advise our users to subscribe to exchange rate email alerts to stay on top of the BGN mid-market's evolution.
2. Compare the 27 services available to send money to Bulgaria to find the best option.
Monito's comparison engine lists 27 providers able to send money to Bulgaria, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Optimize your transfer by comparing them all to find the best one for your upcoming money transfer.
3. Select the best service based on your criteria
Decide if you’re looking for the provider with the best rates and lowest fees, fastest transfer speed, best reviews, or other criteria.
It is also interesting to take into account the pay-in and pay-out methods. You can find providers allowing you to pay by bank transfer, other providers will also accept cards. At the other end, in Bulgaria, you can decide if your want the amount in BGN to be transferred to your recipient's account or available for pick-up in cash at an agent location.
4. Sign up and start your money transfer with the company of your choice
Go to the money transfer provider's website to register - be prepared to give an offical ID and/or a proof of adress - and set upyour transfer.