Payouts in BGN end Friday 22nd September 2023 at 12:00 GMT+1
The bank that provides payouts to Bulgarian bank accounts in BGN has announced that they will end their service. Settle is working to replace the payment partner.
What should I do?
Before the deadline (Friday 22nd September 2023 at 12:00 GMT+1) you are invited to empty your BGN balance, by performing a payout.
After the deadline you may keep any balance, including BGN, safely with Settle, but you will not be able to perform payouts to your Bulgarian bank account in BGN until we have found a new partner.
We will continue to support payouts to all EU bank accounts, including Bulgarian bank accounts, but after the deadline such payouts will be made in EUR. Your bank may charge fees for this, and perform a foreign exchange from EUR to BGN.
We apologise for any inconvenience this service interruption may cause for you. And we would like you to know that we are working to implement a new payment partner for local payouts in BGN for Bulgarian bank accounts. Your money is safe with us, and if you have any further questions, feel free to contact us.