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Liquidation account

Liquidation account

The liquidation account is a type of a particular current account, specifically intended for holding funds of companies, declared in liquidation. The amount on the account may not be used for payments for other purposes, outside those indicated in the contract and may be disposed of only under the conditions, stated therein. The liquidator may dispose of the funds on the liquidation account only personally. If more than one liquidator have been appointed, they  may manage with the funds on the account only jointly.

The Bank opens and maintains liquidation accounts in BGN and EUR.

  • Currency: BGN, EUR;
  • Minimum opening balance: 50 currency units;
  • Term: Termless.
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