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How to send money to Bulgaria

Whether you’re sending money to Sofia or Burgas, international transfers to Bulgaria can be expensive if you don’t know your options. From bank transfers to online transactions that take minutes, sending money to Bulgaria can be easy and affordable when you do your research and shop around for the best available deal.

Compare money transfer services

Our interactive table lets you compare current fees, transfer speeds and other details about sending your money overseas.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour ZAR 250.00 0.114 BGN
542
Use promo code FREE to send your first transfer with no fee. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Steps to send money to Bulgaria

  1. Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
  2. Provide the information for your recipient
  3. Select the amount of your transfer
  4. Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

How to compare transfer companies when transferring money to Bulgaria.

You’ll want to consider costs, of course. But other factors can also affect your choice.

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pick-ups. Also ask how your recipient can receive your funds: bank account, cash pick-up, mobile wallet and more.
  • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pick-ups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate —especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency.
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Ways to send money to Bulgaria from South Africa

  • Bank transfers. Most major banks offer transfers to Bulgaria.
  • Money transfer providers. Providers like World First can help you quickly and easily transfer your money online.
  • Transfer companies with cash pick-up. Western Union and MoneyGram allow you to send funds for cash pick-up at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from South Africa to Bulgaria

How safe is a money transfer?

When you use a reputable provider, your funds are safely tracked until in the hands of your recipient. Banks, credit unions and money transfer companies are required to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.

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Picking up cash at a money transfer branch

Whether picking up funds in Sofia or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.

  • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
  • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
  • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
  • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
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Emergency transfers to Bulgaria

You might need to send an emergency cash transfer to Bulgaria – for example, if a friend travelling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

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