Temporary suspension of the bank payments to Fibank



Few months ago we found that Fibank do not charge any taxes on the income payments and we opened account there, everything ran smoothly until last week.

One of our politics who own media group decided to attack through his newspaper his recent partner who is owner of one of the banks here named KTB.

The effect was panic and for one day people withdraw about 300 millions of EUR from KTB and this bank closed doors and asked Bulgarian National Bank for protection. Other people saw in this good opportunity to use this panic for their own interests and decided to apply same to Fibank which is the biggest bank with pure Bulgarian capitals. For 2 days 400 millions were withdraw from Fibank and although everyone says calm down, everything is under control since Friday we can’t log in the online banking system and there are tails of hundreds of peoples at the bank offices.

So for the moment we will stop the bank payment option from our web site, or have to revert to bank payment to our old bank account in United Bulgarian Bank which charges EUR 15-30 for all income transfers.

All this panic is artifical and we expect everything to calm down for a week or two, but we can’t operate with Fibank account till then, so we apologize for the inconvenience happen, but we will not be able to see your payment (on old orders which are paid by bank) nor to accept new orders with bank payment for the next 1-2 weeks, we will blog when we enable again these payments.


EDIT: at 10.00 the online banking in Fibank works again, so we can see if payments arrive, but we will wait couple of days before enable the bank payments again


4 Comments (+add yours?)

  1. ivancreations
    Jun 30, 2014 @ 10:13:07

    Fibank closed for the weekend to gather more money and promised to open today (monday). As of now e-fibank.bg works just fine.


  2. ivancreations
    Jun 30, 2014 @ 10:22:59

    I glad to hear that! BTW: http://www.reuters.com/article/2014/06/30/bulgaria-crisis-eu-idUSL6N0PB14Z20140630 – that is the reason that even the panic continues the system will remain stable (read: everyone who is scared will get their money untill the amount of scared people comes down to zero)


  3. OLIMEX Ltd
    Jun 30, 2014 @ 10:30:42

    people still remember the bank crash in 1996 when communist were ruling, now they have bad memories refreshed – again the communists are ruling and again there are attacks on the bank system, so nobody can blame the elder people who are not so educated and easy panic, there is law which protects up to 100K euro savings, but people do not believe the communists no matter what they say 🙂


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