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Jan Fišar
seeking advice

Property abroad but no bank account abroad

Hi, I cant find the answer anywhere. I have property in Bulgaria but I am citizen of Czech republic. Price of accommodation is in Bulgarian currency (it cant be changed). Bank details - I tried to add my Czech bank account for payouts from booking but it says that I can only add bank details (IBAN) of local bank. I dont want to open account in Bulgaria. Is there any solution? Thank you

Profile picture for user m.adamopoulou.hotmail.com m
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M Adamopoulou 2 years ago

Hi Jan,

 

As far as I know bank account has to be in the same country the property is...

 

For more details you have to contact BDC directly through your Extranet inbox....

 

Wish you well ?

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BrookAve 2 years ago

 

Some solutions to consider:

  • Use someone in the Property Country as youragent and therefore payments can to their account on your behalf, utilies and cleaners locally can be then paid from that.  
  • Setup a Bank account locally, typically involves having a bank reference form your residence country, and other similar documents, such as the deed of the property in the remote country.
    • Unfortunately, the requirements will vary by country so cant give any generic advise on it.
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Janja Hojnik 9 months ago

Dear Jan, have you managed to resolve this? I have property in Croatia, but I am Slovenian and also wouldn't like to open bank account there... On airbnb, I just put paypal and the issue was set. :(

Kind regards,

Janja

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Jan Fišar 9 months ago

Hi, I had to open the account in Bulgaria. Painful process in traditional banks but I was able to open digital account (similar to Revolut) in Bulgaria and it works well. I have a virtual account number and Booking is paying out everything to this account. I can use it for payment anywehere in the world (you can add a virtual card to your Apple/Google pay wallet) but no withdrawals allowed.

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Jan Fišar 6 months ago

 Hi, I have opened an iCard account in Bulgaria. It is similar to Revolut (mobile app). It works very well and my BG iCard bank account has local IBAN and this is important. And the process of opening is 100% online.

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M Adamopoulou 9 months ago

I hope you can solve your problems but as far as I know Bank has to be in the same country the property is….

 

Maybe you should contact BDC directly…

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Janja Hojnik 9 months ago

OK. This sounds very non-European. Probably also against EU law, free movement of capital...

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M Adamopoulou 9 months ago

You have a point…

Hope BDC can help you solve this serious problem.

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Janja Hojnik 6 months ago

I have opened account with the Erste Bank Croatia. Very basic account, I don't even have their card, as I don't need one. I can withdraw cash on Croatian cash machines with my Slovenian card. The Croatian is just for Booking.com. And from there I can transfer the money to the cleaning lady or to my main account. 

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