In my previous post I mentioned it can raise red flags. I don't just mean with the bank. You might not notice it when you're there but BG is largely run by the mafia. They hold all the govt postitions, are on the boards of the banks, etc...Maybe yes Maybe no. Ofc Bulgarians people has mainly low income, but in Hungary it's not too too much higher. And 0 problem to cash in / out almost any amount (7figures+). I dont think it's linked with the country itself (poor or rich). It's more related about the banks itself, verification, what they accept or not, if local currenty (leva, hungarian forint?) or in Euros / USD.. and ofc your links with the bank.
Central Europe is globally still very lax with this topic. Probably much more than western or richest countries. I don't have experiences with all banks, but I can say in HU and SK, very lax. I don't know well Bulgaria (just went few times, but no business or banking either). Just curious about if someone has a similar experience there.
When large sums of money start moving around don't be surprised if you'll catch their attention.
By large sums , I mean relative to BG so 200k+. Just something to keep in mind.
Personally, I like how BG runs vs HU which last time I was there was a shithole especially the Pest side. HU isn't at least openly corrupt. In BG a little bit of money can change almost every situation.