Associations, foundations and other nonprofits in Bulgaria are usually best served by a traditional bank that is set up to onboard the non-profit legal forms, with a digital account added when grants or donations arrive from abroad. UniCredit Bulbank, DSK Bank and Postbank are common choices, and Wise Business and Payoneer help collect foreign funds.
Suits Nonprofits best
A traditional Bulgarian bank for the main account, a digital provider for foreign grants and donations
Typical monthly fee
About EUR 2 to EUR 18 a month at traditional banks, EUR 0 on entry digital plans
Non resident position
Possible but harder. Banks expect a local representative or presence and apply extra checks. Verify with the provider.
Providers that fit
Traditional banks, plus up to 3 digital providers where they accept the legal form
Fees and features as of 5 April 2026Last reviewed 5 April 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Nonprofits in Bulgaria need an account in the name of the registered association or foundation, the ability to receive member fees, grants and donations, and clear records for reporting. A euro account at a traditional bank covers the core needs, since Bulgaria is in the euro area and SEPA, and a multi currency or receiving account helps when funds come from outside the euro area. Figures below are shown as of 5 April 2026, so confirm current terms with the provider before applying.
What Nonprofits in Bulgaria need from a business account
A Bulgarian nonprofit is a registered legal entity, usually an association or a foundation entered in the register of non-profit legal entities, and the account must be held in that entity name. The practical needs are to receive membership fees, grants and donations, to pay suppliers and staff, and to keep records that satisfy funders and auditors. Traditional banks are set up to onboard these legal forms and can issue the certificate a new entity needs, while digital providers are built around companies and may or may not accept an association or foundation, so treat their acceptance as something to confirm rather than assume.
W
Wise Business
Multi currency account that receives grants and donations in many currencies near the mid market rate. Opens online. Confirm it accepts your nonprofit legal form, and note there are no cash deposits.
Account with team cards and spending controls, useful for managing project and programme spending. Opens online for registered entities. Confirm eligibility for your legal form, since acceptance varies.
Receiving accounts that collect international payments and donations from platforms and partners. Useful as a secondary collection account alongside a bank.
Best for
International receivables
Monthly fee
No monthly fee, transaction and withdrawal fees apply
These providers serve business customers in Bulgaria, though acceptance of a specific nonprofit legal form varies. Fees and eligibility shown as of 5 April 2026. Confirm current terms with the provider before applying.
Questions about banking for Nonprofits in Bulgaria
Which account suits a Bulgarian nonprofit best?
Most registered associations and foundations in Bulgaria use a traditional bank such as UniCredit Bulbank, DSK Bank or Postbank for their main account, because banks are set up to onboard the non-profit legal forms and can issue the certificate needed at registration. Digital providers such as Wise Business and Revolut Business can help receive foreign grants and donations, but you should confirm they accept your specific nonprofit legal form. This is general information, not advice.
Can a Bulgarian nonprofit receive donations from abroad?
Yes. Bulgaria is in the euro area and SEPA, so euro transfers from across Europe are cheap and fast. For donations in other currencies, a multi currency account from Wise Business or a receiving account from Payoneer can lower conversion costs. Currencies covered and fees vary by provider and plan, so verify current terms with the provider.
Do digital providers accept nonprofit legal forms in Bulgaria?
It varies. Some neobanks onboard registered associations and foundations and some do not, depending on the legal form and activity. Treat acceptance as unclear until you confirm it, and verify eligibility for your specific nonprofit with the provider before applying.
What currency are nonprofit accounts in Bulgaria held in?
The euro. Bulgaria adopted the euro on 1 January 2026 at the fixed rate of 1.95583 lev per euro, and the euro became the sole currency on 1 February 2026, so new accounts are held in euro. Confirm current terms with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 5 April 2026. Confirm current terms with the provider before applying.