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When will I receive my guaranteed amounts

Repayment by BDIF starts not later than 7 business days from the date of BNB’s resolution on license revocation or on declaration of unavailability of deposits, or the date of an act of a judicial authority preventing depositors 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.

Not later than 2 business days prior to the commencement of repayment, BDIF announces in at least two central dailies and on its website the servicing bank/s and the initial date of payout.

The payout term may be extended in the following events:
- when evidence is needed of the origin of the funds with temporary high balances of up to BGN 250 000, but with not more than three months of the BNB’s or a judicial authority act;
- when time for identification is needed for the person entitled to repayment, but with not more than three months of the BNB’s or a judicial authority act;
- when there is a legal dispute, or uncertainty in the legal right of a person to receive the payment, or restrictive measures imposed the deposit is repaid in 7 working days of the notification of BDIF of the legal settlement of the case;
- in cases where BDIF repays guaranteed deposits with a branch of Bulgarian bank in another EU member state but with not more than 20 business days.

Reimbursable amounts may be received within the general prescriptive period of five years following the initial day of payout.


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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