BACB Forex Broker

BACB Review SummaryFounded1995Registered Country/RegionBulgariaRegulationNo regulationServicesCards, loans, savings, paymentsPlatform/APPBACB PayMinimum Deposit5 BGN/EUR/USDCustomer Support24/7 support, live chatTel: 070014488Facebook, Instagram, LinkedInAddress: Sofiya 2, Slavyanska StrBACB Information BACB is an unregulated service provider of premier brokerage and financial services, which was founded in Bulgaria in 1995. It offers services for cards, loans, savings and payments.Pros and ConsPros Cons Long operation timeLack of regulationNo deposit feesComplex fee structureLow minimum deposit requirementLimited payment optionsLive chat supportIs BACB Legit? No. BACB currently has no valid regulations. Please be aware of the risk!ServicesServices SupportedCards✔Loans✔Savings✔Payments✔Account TypeAccount TypeMinimum DepositLeuro Account/Clean Account with VISA Card500 BGNCurrent Account5 BGN/EUR/USDJoint Current Account5 BGN/EUR/USDEscrow Account/Escrow Account with Basic Services5 BGNBACB FeesCategoryProduct/ServiceTerms & RatesNotesDeposit AccountsCurrent Account (BGN/USD/EUR)- Interest Rate: 0.01%–0.05% (varies by currency)Fees may apply for withdrawals/transfers.- Minimum Balance: 0Savings Account (BGN)- Interest Rate: 0.10%–0.50% (term-dependent)Early withdrawal penalties apply.- Term Options: 1–12 monthsFixed Deposit (USD/EUR)- Interest Rate: 0.15%–1.20% (varies by term/currency)No partial withdrawals allowed.- Minimum Deposit: $/€1,000LoansConsumer Loans (BGN)- Interest Rate: 4.9%–9.9% (fixed)Secured/unsecured options available.- Term: Up to 7 years- Processing Fee: 1% of loan amountMortgage Loans (BGN/EUR)- Interest Rate: 2.5%–5.5% (variable/fixed)Property insurance required.- Term: Up to 30 years- LTV: Up to 80%FeesAccount Maintenance- Monthly Fee: 5 BGN (waived for balances >5,000 BGN)Applies to current accounts.International Transfers (SWIFT)- Outgoing: 0.1% (min. 20 BGN, max. 100 BGN)Additional intermediary bank fees may apply.- Incoming: 10 BGN per transactionATM Withdrawals- BACB ATMs: 0Limits may apply for daily withdrawals.- Non-BACB ATMs: 2 BGN per transaction (domestic)Special ConditionsStudent/Youth Accounts- Interest Rate: 0.25% (BGN)Valid for clients aged 16–25.- No Maintenance FeesPensioner Accounts- Interest Rate: 0.30% (BGN)Requires proof of pension status.- Free Card Issuance More details can be found via https://www.bacb.bg/en/files/61-interest-rates-terms.pdfPlatform/APP BACB uses its own platforms which are available in web, PC, and mobile devices.Platform/APPSupported Available Devices BACB Pay✔Mobile, PC, webDeposit and Withdrawal BACB accepts payments via pop cards, debit cards and credit cards.