The best way to send money to Bulgaria: Wise
After reviewing and testing 12 money transfer providers supporting BGN transfers, we found Wise to be the top choice for money transfers to Bulgaria as of January 2025.
Wise appeared in 100% of BGN transfer searches and ranked as the best option among providers supporting Bulgarian Lev transfers.
With quick transfers, a low markup of -0.06% on BGN exchange rates, and a low fee of $41.71, Wise offers the ideal balance of cost, speed, and features for BGN transfers.
How to get the best rate for money transfers to Bulgaria
Consider this before sending money to Bulgaria
Don't settle for the first option. Always compare ways to send money to Bulgaria to find out about fees, speed, and reliability.
Our analysis included 12 providers that operate in Bulgaria.
Through this, you get a comprehensive view of all the options you have when sending money to Bulgaria.
Cheapest way to send money to Bulgaria: Revolut
If you want to make the most of your BGN transfer, the cheapest way is to use Revolut and pay for your transfer with a Bank transfer.
Over the past 6-months Revolut appeared 64.3% of the time in our comparison as the cheapest transfer option to Bulgaria.
With just $0 in fees and 0.2% markup, Revolut is 0.4% cheaper than the next best option.
Bank transfer is the cheapest deposit option to Bulgaria, pair it with Revolut to receive the most BGN.
*The transfer cost to Bulgaria depends on the country of origin, amount of BGN sent, payment method, and the exchange rate ‘markup’ on Bulgarian Lev.
The fastest way to send money to Bulgaria: Wise
Based on a $2,000 transfer and six months of comparison data for BGN transfers, Wise appeared 8 times in our searches as the quickest option for sending BGN to Bulgaria.
They charge $13.08 in fees and apply a -0.08% markup on the ‘real’ BGN rate. This is 0% cheaper than the second-best provider.
For the best balance between speed and cost, we suggest using a deposit for Bulgarian Lev transfers.
The easiest way to send money to Bulgaria: Wise
In our 6-month analysis, Wise ranked as the top-rated money transfer provider in 100% of the searches related to Bulgaria.
They’re highly transparent with fees, charging $41.71 per transfer with a -0.06% markup on the BGN mid-market rate.
With multiple deposit and withdrawal options and reliable customer service, getting started with Wise takes less than 10 minutes, making it a fast, cheap, and user-friendly option.
Sending large amounts of BGN to Bulgaria
Based on our 6-month analysis, Wise consistently ranked as the top choice for large BGN transfers. They charge $41.71 per transfer to Bulgaria and apply only a -0.06% markup on the BGN exchange rate.
Whether you’re purchasing property, paying tuition fees in BGN, planning a wedding in Bulgaria, or making business payments, Wise ensures a smooth and secure process.
When sending large amounts of Bulgarian Lev to Bulgaria, consider factors like transfer limits, markup on the BGN rate, customer service, and any legal, tax, or government-imposed restrictions in Bulgaria.
Understand the costs of money transfers to Bulgaria
The cost of sending BGN depends on where you're sending from, the amount of BGN sent, deposit and delivery methods, transfer fees, and the markup applied to the BGN mid-market rate.
For example, if you're transferring $2,000 from the US to Bulgaria, you can expect the following:
Transfer fees to Bulgaria
Depending on the service you use to send Bulgarian Lev, transfer fees can be percentage-based, fixed, or a combination of both.
OFX charges only $0 per transfer based on our analysis of 12 services supporting BGN transfers in January 2025.
Markup on BGN exchange rate
A markup is a percentage added to the BGN mid-market rate by a money transfer service (or a bank).
Wise offers the best BGN exchange rates by applying a -0.06% markup on the USD-BGN rate. This means for every US Dollar sent, you receive 1.88 BGN minus -0.06% deducted from it.
Funding transfer to Bulgaria
How you fund your transfer to Bulgaria can impact the cost:
Bank transfers typically have the lowest fees, often costing up to $0 per transfer.
Debit cards may cost up to $9.37 per transfer.
Credit cards may come with cash advance fees, and increased rates, and can cost as much as $0 per transfer to Bulgaria.
Overall, Bank transfer is the cheapest funding method for BGN transfers.
How to get the best BGN exchange rate for transfers to Bulgaria
An exchange rate represents the value of the Bulgarian Lev (BGN) relative to another currency. Since it fluctuates continuously, the rate you get directly affects the amount of BGN you receive.
Recent trends in BGN exchange rates:
The average rate was 1.8053 Bulgarian Lev per US Dollar, with a high of 1.8496 BGN/USD and a low of 1.7563 BGN/USD.
During the past 6-months, the BGN/USD exchange rate experienced some fluctuations. Ensuring you exchange or convert money at a higher rate would result in more BGN received.
Wise is our top recommendation for sending BGN as it offers an exchange rate that is -0.06% above the mid-market rate, which is 0% cheaper than the next best option.
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Payment methods available to fund your transfer to Bulgaria
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available in Bulgaria.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money to Bulgaria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to find the best service for your needs when sending money to Bulgaria
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Related transfer routes
Staying safe when sending money to Bulgaria
Making sure your funds are safe when transferring to Bulgaria is really important. All the services supporting Bulgaria that we recommend are safe and regulated.
Only send money to those you know and trust using a regulated money transfer company.
If you’re unsure about the financial regulators in your country or Bulgaria, please refer to our directory of financial regulators.
FAQs
Find answers to the most common questions on our dedicated FAQ page.