Bankservice Ad SWIFT/BIC code

BSBGBGSF – the SWIFT/BIC code of Bankservice Ad

The short code BSBGBGSF and the full code BSBGBGSFXXX identify the same bank: Bankservice Ad in Sofia, Bulgaria. Banks worldwide use BIC codes to route payments between countries to the correct bank. You will need it mainly when dealing with transfers between countries and payments in foreign currencies.

Further down you will find the practical questions: money coming in from abroad, sending money abroad and how to check a SWIFT code before you confirm a payment. The BIC identifies a bank or branch, never a specific account; the IBAN or account number does that.

Why Bankservice Ad has an 8- and an 11-character code

The layout of every SWIFT code never changes: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. Together, those parts form BSBGBGSF – the version you usually see online.

XXX at the end of BSBGBGSFXXX is not a placeholder or an error: it indicates the head office of Bankservice Ad. Certain payment forms ask for 11 characters, in which case you can enter XXX after BSBGBGSF.

As a rule the code is typed in capitals, without spaces or dashes. Look out for O versus 0 and I versus 1; they are easy to mix up.

How to check BSBGBGSF before you pay

The most reliable place for the correct BIC is paperwork issued by the bank. Compare it against BSBGBGSF here; if they differ, ask before you pay.

If the code is wrong, the transfer may get stuck, be returned or end up costing more. An error in the account number is more serious, so check that just as carefully.

A validity check by your bank merely confirms that the IBAN is valid, not that it is the right account. Some banks now compare the payee name with the account before you confirm. For a first payment, some people start with a small amount first.

Choosing between the 2 SWIFT codes of Bankservice Ad

We have 2 SWIFT/BIC codes for Bankservice Ad in 1 cities. Besides the head office code BSBGBGSFXXX, you will find codes for branches, departments or specific services.

Unless the recipient tells you otherwise, go with BSBGBGSFXXX or its short form BSBGBGSF. Just use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

Not sure which code applies? Check with the recipient. Branch codes are more prone to be retired than BSBGBGSFXXX when a bank merges or closes offices.

Receiving money from abroad at Bankservice Ad

When you are waiting for a payment from another country, send the payer a complete set of details. In practice that means: your name as registered with Bankservice Ad, your IBAN or account number, the SWIFT/BIC code BSBGBGSFXXX (or BSBGBGSF) and, often, your postal address.

Their bank might also ask for the bank address of Bankservice Ad, in which case the Sofia head office is the usual answer. Double-check every detail before you share them.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Charges on incoming payments differ per bank; check the price list of Bankservice Ad. On invoices, it is common to agree who bears the costs.

Do you need BSBGBGSF for a SEPA transfer?

Bulgaria belongs to the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a regular euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

A SWIFT code like BSBGBGSF still come into play for payments in other currencies. If your banking app asks for the BIC anyway, entering BSBGBGSF is fine.

Euro payments within SEPA usually arrive within one business day, and instant transfers in seconds where both banks support them. As long as the payment stays in euros, a SEPA transfer tends to be inexpensive.

Protect yourself against fake payment requests

A common scam works like this: an email arrives with a message claiming that a supplier now has a new bank account. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Check changed payment details via a different channel. Pressure or requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. Acted too fast? Call your bank straight away and have them start a recall; also report it to the police.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference. Wait until the money has really arrived.

How up to date is this code?

The directory on GoldexPay draws on publicly available sources and is updated regularly. Even so, banks merge, rename themselves or change codes and our data may lag behind. The number of codes on this page reflect our own data and not on information from Bankservice Ad itself.

For any payment of any size, check the BIC with the recipient’s bank or the recipient. We are a comparison site for money transfers and not affiliated with Bankservice Ad. Should you notice something that is out of date, we welcome a short note via the contact page.

Transfer times and tracking a payment to Bankservice Ad

A SWIFT payment typically takes one to a few business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add extra days to the journey. Compliance checks on larger or unusual payments may also cause some delay, regardless of the details.

When a payment takes longer than expected, ask the sending bank about the status and the transaction reference; with that reference banks can see where the payment is. Keep your transfer receipt until the recipient confirms.

If the money does not arrive within the expected time, the person who paid needs to start with their own bank rather than Bankservice Ad. Request from the sender a copy of the payment confirmation.

Sending money abroad from Bankservice Ad

What you pay for a payment abroad has several parts – not just the fee on your screen. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency the bank usually applies a rate below the real market rate.

The markup on the rate is often the largest item, and it is easy to miss. A simple test: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

For many routes, a transfer service is cheaper than a bank, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets for the same amount sent. You can always keep your account at Bankservice Ad; only the conversion and sending happen elsewhere.