By 2017 Banks Must Introduce Reasonable Fees
Monday, 22 August 2016
Banks in Bulgaria must introduce reasonable fees for basic services offered by 2017.
Banks are obliged to make this change in conformity with the European directive on fees and charges by introducing fees that are reasonable (below the average for the entire banking system). Banks must submit data regarding the fees they collect to the Bulgarian National Bank by 1 October; by 15 October the Central Bank will upload the average fees to its website.
BNR