Bulgarian Development Bank informs its clients that, as of December 11, 2024, new General Terms and Conditions for the provision of payment services and electronic banking for legal entities and sole proprietors will apply.

The updated document can be found here.

By providing this notice, the Bulgarian Development Bank fulfills its obligation, in its capacity as a payment service provider, under the Law on Payment Services and Payment Systems, to inform its clients (users of payment services) 14 days in advance of upcoming changes to the framework agreement concluded between them. With this notification, the Bank informs the users of payment services that it considers the changes to the framework agreement accepted, unless the clients notify the Bank that they do not accept these changes before the date on which the amendments take effect.

In case the users of payment services do not accept the changes, the Bank hereby informs them that they are entitled to immediately terminate the framework agreement and the accompanying agreements before the date on which the proposed changes are to take effect, without incurring any costs or penalties.