CITIBANK EUROPE PLC., BULGARIA BRANCH, BIC/SWIFT Code Details
Address: 48 SITNYAKOVO BLVD. SERDIKA, OFFICES FLOOR 10 SOFIA 1505, BULGARIA
General instructions for international payments to banks in BULGARIA:
Overview
Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, IBAN, and beneficiary bank address). Central Bank: For additional information, please refer to www.bnb.bg.
Country Requirements/Restrictions
SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Bulgaria.
Payment Formatting Rules for BGN
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Bulgaria must be included in the payment instructions.
Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank.
SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBGxx or xxxxBGxxxxx.
Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended. If the payment is for tax budgetary purposes, always state one of the following as well as the 6-digit payment type defined by the Ministry of Finance and local regulation. BULSTAT (Bulgarian Identification Tax Number) is a 6-digit number for the registration of a company. EGN is the personal identification number of the Bulgarian citizen. PNF is the personal number of the foreign citizen. IZL is the name of the legal entity or private individual’s full name.
IBAN: In Bulgaria, the IBAN consists of 22 characters. The structure is BG2!n4!a4!n2!n8!c. For example, an electronic format of a Bulgarian IBAN would be 'BG98ABCD12345678912345' and the print format would be 'BG98 ABCD 1234 5678 9123 45'.
Standard Settlement Instructions (SSI) contain the list of correspondent banks of CITIBANK EUROPE PLC., BULGARIA BRANCH for each currency.
To track a SWIFT cross-border payment to or from CITIBANK EUROPE PLC., BULGARIA BRANCH, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.