You might need to transfer money to Bulgaria to cover payments on a property or to move your payments internationally; you might even just want to transfer leva to Bulgaria to help support friends and family.
Whatever reason you need to transfer money to Bulgaria for, it is worth checking out the options available to you to ensure you get the best deal.
Money Sending Bureaus, which are visible on high streets in major cities around the world, offer a useful way of transferring leva to Bulgaria if your recipient does not have access to a bank account.
However, these small establishments tend to be poorly regulated and the foreign exchange rates on offer are not particularly competitive.
The per-transfer fees imposed on top of these, which can be as much as 15 per cent, make these companies quite an expensive way of transferring money.
You might want to look into using a high street bank to transfer leva to Bulgaria.
If your recipient has access to a bank account, with Bullbank or ING for example, then a bank in your country of residence should be able to set up a transfer with one phone call or visit.
Unfortunately this convenience comes with a cost as banks also tend to impose per-transfer fees.
You can avoid these costs if you transfer leva to Bulgaria with RationalFX. We offer a low fee service on top of our competitive currency exchange rates.
There's not need to take our word for it, however. You can open an online account with us for free today and check out the leva exchange rates on offer at the moment.
This will allow you to compare the rates with your other options for transferring money to Bulgaria to ensure that you make the right choice.