BACB Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-07-02 17:53

Abstract：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.

BACB Review Summary
Founded	1995
Registered Country/Region	Bulgaria
Regulation	No regulation
Services	Cards, loans, savings, payments
Platform/APP	BACB Pay
Minimum Deposit	5 BGN/EUR/USD
Customer Support	24/7 support, live chat
	Tel: 070014488
	Facebook, Instagram, LinkedIn
	Address: Sofiya 2, Slavyanska Str

BACB 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 Cons

Pros	Cons
Long operation time	Lack of regulation
No deposit fees	Complex fee structure
Low minimum deposit requirement	Limited payment options
Live chat support

Is BACB Legit?

　　No. BACB currently has no valid regulations. Please be aware of the risk!

Services

Services	Supported
Cards	✔
Loans	✔
Savings	✔
Payments	✔

Account Type

Account Type	Minimum Deposit
Leuro Account	/
Clean Account with VISA Card	500 BGN
Current Account	5 BGN/EUR/USD
Joint Current Account	5 BGN/EUR/USD
Escrow Account	/
Escrow Account with Basic Services	5 BGN

BACB Fees

Category	Product/Service	Terms & Rates	Notes
Deposit Accounts	Current Account (BGN/USD/EUR)	- Interest Rate: 0.01%–0.05% (varies by currency)	Fees may apply for withdrawals/transfers.
		- Minimum Balance: 0
	Savings Account (BGN)	- Interest Rate: 0.10%–0.50% (term-dependent)	Early withdrawal penalties apply.
		- Term Options: 1–12 months
	Fixed Deposit (USD/EUR)	- Interest Rate: 0.15%–1.20% (varies by term/currency)	No partial withdrawals allowed.
		- Minimum Deposit: $/€1,000
Loans	Consumer Loans (BGN)	- Interest Rate: 4.9%–9.9% (fixed)	Secured/unsecured options available.
		- Term: Up to 7 years
		- Processing Fee: 1% of loan amount
	Mortgage Loans (BGN/EUR)	- Interest Rate: 2.5%–5.5% (variable/fixed)	Property insurance required.
		- Term: Up to 30 years
		- LTV: Up to 80%
Fees	Account 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 transaction
	ATM Withdrawals	- BACB ATMs: 0	Limits may apply for daily withdrawals.
		- Non-BACB ATMs: 2 BGN per transaction (domestic)
Special Conditions	Student/Youth Accounts	- Interest Rate: 0.25% (BGN)	Valid for clients aged 16–25.
		- No Maintenance Fees
	Pensioner Accounts	- Interest Rate: 0.30% (BGN)	Requires proof of pension status.
		- Free Card Issuance