1. General Questions
1.1. What changes on 1 January 2026?
From 1 January 2026, Bulgaria will officially adopt the euro (EUR) as its national currency.
The exchange rate is fixed and permanent – 1 euro = 1.95583 leva.
1.2. What does this mean for myPOS customers?
All myPOS customers established in the Republic of Bulgaria – both new and existing – will start operating with euro (EUR) as their main currency starting 1 January 2026.
Customers who already use myPOS and have accounts in Bulgarian leva (BGN) will continue to operate without interruption, as their accounts will be automatically converted into euro on 1 January 2026 at the standard BNB exchange rate – 1 EUR = 1.95583 BGN.
Accounts opened after 1 December 2025 will be created directly in euro (EUR) with myPOS Ltd. (Ireland).
1.3. What is the exchange rate for myPOS services before 1 January 2026?
For all myPOS customers, no currency markup or conversion fee applies to any operations between Bulgarian leva (BGN) and euro (EUR) – including transfers, card payments, withdrawals, and accepting payments. All transactions are carried out at the fixed BNB exchange rate: 1 EUR = 1.95583 BGN.
2. Accounts and Currency
2.1. In what currency will my account be?
After the introduction of the euro, the main currency for all myPOS customers established in the Republic of Bulgaria will be euro (EUR).
Accounts in Bulgarian leva (BGN) will no longer be supported, as Bulgaria will be part of the eurozone.
2.2. Will I be able to receive or send transfers in leva?
Until 1 January 2026, all transfers in Bulgarian leva (BGN) will continue as usual.
If you receive or send a transfer in leva to an account in euro (EUR), the amount will be automatically converted at the fixed BNB rate – 1 EUR = 1.95583 BGN, without any currency markup or additional conversion fees.
After 1 January 2026, all bank transfers in Bulgaria will be carried out only in euro (EUR).
2.3. Do I need to take any special action regarding my account?
As part of the transition to the euro, you will receive a new IBAN (with a different country code and BIC), as your new account will be opened with myPOS Ltd. (Ireland). This change is made to bring all European myPOS customers under one licensed institution.
You can find more information here.
If you opened your account before 1 December 2025, after accepting the new myPOS Ltd. Terms and Conditions, you will need to update all documents and templates where your old IBAN is listed – such as invoices, contracts, offers, and other accounting documents.
You should also inform your partners and customers about the change to avoid any confusion with payments.
3. Payments and Withdrawals
3.1. Do prices need to be displayed in both leva and euro on receipts?
Yes. From 8 August 2025 to 8 August 2026, all prices must be displayed simultaneously in leva and euro. After 9 August 2026, prices will be displayed only in euro.
Make sure your fiscal device is updated to meet regulatory requirements and shows amounts in both currencies.
3.2. Will I be able to withdraw leva from ATMs after the introduction of the euro?
After 1 January 2026, all ATMs in Bulgaria will dispense only euro banknotes.
Withdrawals will be carried out entirely in euro (EUR).
4. Fees, Cards and Devices
4.1. Will myPOS fees change?
No. myPOS fees and conditions remain unchanged.
The only difference is the currency in which amounts are displayed – all fees will be shown in euro (EUR).
4.2. Will I receive a card in euro?
Yes. A myPOS Business debit Mastercard in euro (EUR) will be issued to your account.
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For existing customers:
If you confirm the migration before 1 December 2025, you may receive your euro card earlier. If you do not confirm by this deadline, your card will be reissued and sent at the beginning of December 2025, and your account will be automatically migrated on 1 January 2026. -
For new customers (registration after 1 December 2025):
You will receive your new euro card after activating your profile and requesting it from your account or when purchasing a terminal.
4.3. Will I need to update my terminal?
No, unless you receive explicit instructions from myPOS.
All myPOS devices will be automatically prepared to operate with euro, so no action is required unless you are explicitly informed.
5. Taxes and Reporting
5.1. What are my obligations related to the opening of the new account?
Your new business account with myPOS Ltd. (Ireland) must be declared to the Bulgarian National Bank (BNB) within 15 days of its opening, in accordance with BNB Regulation No. 27.
After declaring the account, it’s important to understand your reporting obligations:
Quarterly reporting for foreign accounts is discontinued.
A new annual report (Form SPB-5A) is introduced.
This report must be submitted only if the total balance across your foreign accounts held with banks, payment institutions, and electronic money institutions is equal to or exceeds EUR 25,000 (or its equivalent) at the end of the year (31 December).
The submission deadline is 25 January of the year following the reporting year.
This means less administrative burden and easier reporting.
If you close your account, you must submit a corrective declaration (Form SPB-2) to the BNB.
You can find more information here.
5.2. Does the way I declare my income to the National Revenue Agency (NRA) change?
No. The process remains the same. Your tax obligations depend on where you conduct your activity, not on the country of the payment institution.