Hi there, it is expected that in 2025 or 2026 the Euro will become the official currency of Bulgaria, slowly (over a period of 6-12 months) replacing the current Lev.
T212 says that your main account currency cannot be changed, so what would happen when the BG Lev is no longer the country’s actual currency (for accounts having BG Lev as the main one)?
Hey, @feedy 
We will support the transition, but we can’t confirm the specifics yet - for example, whether we will change the account currency or automatically open new accounts for everyone. We’ll notify all impacted accounts well in advance when the transition is certain 
Hello, this topic is actually interesting for me too. We in Czechia also plan to adopt EUR in the future, therefore it would be good to know, how will this be handled by T212 - the transfer from national currency to EUR. I hope it won’t end like you need to sell everything you bought in national currency and start buying again from scratch in EUR… Thanks for keep us posted about this.
Yeah, that’s the reason I have been buying everything in Euro already. There is a bank here in Bulgaria that allows you to hold Euro account and exchange from BG Lev to Euro or the other way around with absolutely zero fees or commissions (and the rate between the currencies is always the same and fixed) and even has free SEPA transfers. If you bought anything in your local currency, I am afraid they may ask you to sell it and buy it again.
This is a good question.
I’m an Anglo-Romanian dual national.
Romania at some point will change to Euros
Also if the UK ever reverse Brexit at some time in the future, part of the terms of any deal to rejoin the single market/customs union or the EU as a full member might include take up of the Euro.
Definitely a good question and we’ll worth an ask.
Have a look on a previous topic about the same subject:
Hello RLX, thank you for pointing this out, but that topic actually ends with the same question this new topic was started, unfortunately unaswered.
T212 has an EU platform, and as such must comply with EU rules. The examples mentioned by me in that topic, illustrates how EU financial institutions (FI) behave when a national currency is replaced by the EUR.
Bottom-line, old values in national currency are exchanged to new values in EUR, using a fixed exchange rate defined by EU (ECB). The FI just do it in their books.
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?
Welcome to the Community, @czecherino 
We’re committed to supporting the transition, but we can’t confirm any details yet. Once plans are confirmed, we’ll inform all clients.
Great question
I’m a Romanian and British dual national.
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?
When the first EU-members changed their currencies, the banks & brokers simply converted the local currencies to EUR using the official exchange rate.
it’s just a back-office administrative change.
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
You are talking about the change of the T212 entity and not the change the national currency to EUR in an account. Those are different issues.
Hello!
Bulgaria has been officially accepted to the Eurozone. My account is denominated in BGN, how the euro adoption is going to affect my account?
Pie plans and cashbacks are executed in BGN right now.
Hey, @Adanedhil
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 
As the adoption of the EUR in Bulgaria approaches (January 1, 2026), we would like to share some essential points about how the switch from BGN to EUR will impact accounts.
30.12.2025 Update:
BGN deposits and withdrawals will be disabled.
January 1
Accounts will be fully operational in EUR shortly after maintenance is complete.