Hi, my understanding is T212 does not currently support someone changing their account in any kind of useful way, e.g. accounts older than custom currencies being stuck with a UK based account to deposit money to rather than a local one. There also seems to be no way to change the default currency on the account.
It seems Bulgaria plans to switch to the Euro in July 2025. What happens to Bulgarian T212 accounts then?
While I live in the UK, I’d imagine this would affect Romanians at some point in the next couple of years as well as Romania is also on the pathway to changing from the Leu to the Euro.
Also, it looks like both of us will gain full Schengen membership by the new year.
Back on topic, it goes back to the question, how does 212/or a broker in general handle it when a country changes it’s official currency?
Maybe but T212 probably cannot do this as it stands. If they can they shouldn’t make it impossible to switch from UK based CZK to Czech based CZK. In that case it’s literally just saying “pay to this new bank account instead”. Instead they say you must sell everything and close the account then reopen
On January 1st, 2026, your account’s main currency will automatically change from the Bulgarian Lev (BGN) to the Euro (EUR). We will take care of the whole process on our end, and you will not need to take any action on your side.
The conversion of your funds will happen at the fixed rate of 1.95583, and you can continue using your account in EUR right away. Also, all subsequent account statements and reports will be issued in EUR. We’ll share this and more information with all clients who are going to go through this transition in the upcoming weeks