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What to do to receive my reimbursable sum

BDIF guarantees full repayment of depositor’s funds with each bank, regardless of the number and amount of the deposits, up to BGN 196,000 (EUR 100,000) in case where the BNB revokes the license of a bank, or declares the deposits with the bank unavailable, or where due to act of a judicial authority depositors are prevented from access to their funds with a bank for reasons directly related to its financial standing. 

Repayment by BDIF is performed via a servicing bank/s, designated by BDIF. 

It is not requisite to file a claim to BDIF or the servicing bank in order to receive payment. Still, should you wish you may receive a certificate stating your reimbursable sum from the bank with revoked license. 

As an eligible depositor you shall visit the servicing bank, where you present an ID, documents for representation (for legal entities), and you sign a declaration in the bank that the funds in your account are not related to money laundering transactions or actions. 

Following that you dispose in the servicing bank with your reimbursable sum: you may transfer it to another bank, place it in a deposit with the servicing bank or withdraw it. 

Should be unable to dispose with your reimbursable sum personally, you may do so via a proxy. The proxy shall present to the servicing bank a notary certified explicit power of attorney and a notary certified declaration that the deposit is not originating or related to actions which are money laundering and to dispose with the sum. Powers of attorney certified abroad shall be legalized in a consulate of the Republic of Bulgaria, or by a local notary public, and certified with apostille and legalised by the Ministry of Foreign Affairs. 

Before visiting the servicing bank, make sure that the bank with revoked license avails of your accurate personal data.


BDIF guarantees full repayment of depositor’s funds with each individual bank, regardless of the number and size of the deposits, up to BGN 196,000 (EUR 100,000). This amount includes the principal and the interest accrued up to the date of the BNB’s resolution on a bank’s license revocation or on the declaration of unavailability of deposits with a bank. Additional protection up to BGN 250,000 (EUR 127,823) for a term of three months is provided for the following types of deposits: deposits of individuals arising from transactions with real estates for residential purposes; deposits of individuals arising from amounts paid in connection with conclusion or dissolution of marriage, termination of a labour contract or civil service contract, disability, or death; and deposits arising from insurance or social insurance payments or from payment of compensation for damages from crimes or reversed sentence.

The BDIF insures bank deposits of physical persons and legal entities both in levs and in foreign currency. Deposits are all funds in a bank account opened in the name of one or more persons: time and demanddeposits, current and savings account, debit or credit cards accounts. Deposit insurance is applicable also to credit balances, which the bank shall repay to its customers under the terms provide by law or a contract signed.

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