Dear customers,
We hereby inform you that, effective August 1, 2026, amendments to the following documents of Tokuda Bank EAD will enter into force: The Interest Rate Bulletin for Individual and Legal Entities, the Tariff for the Fees and Commissions Applicable to Individuals and the Tariff for the Fees and Commissions Applicable to Legal Entities and Sole Traders. The changes are as follows:
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In the Bank’s Interest Rate Bulletin
I. The opening of new accounts denominated in Swiss francs (CHF), British pounds (GBP), and Japanese yen (JPY) will be discontinued effective August 1, 2026. The following shall apply to customers holding existing accounts in these currencies:
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Legal entities (LE) – by August 31, 2026, accounts in CHF, GBP, and JPY must be either converted to another currency (EUR or USD) or closed.
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Individual customers holding current and deposit accounts in CHF, GBP, and JPY that have been withdrawn from sale – by October 10, 2026, these accounts must be either converted to another currency (EUR or USD) or closed.
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Individual customers holding Tokuda Classic deposits in GBP:
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For deposits maturing before the merger of Tokuda Bank into Bulgarian-American Credit Bank (BACB), scheduled for November 2026 - if the customer does not provide instructions regarding the deposit upon maturity, the deposit will be automatically renewed under the terms and conditions agreed between the customer and Tokuda Bank.
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Following the merger of Tokuda Bank into BACB, the deposits will be migrated to BACB under the terms and conditions agreed between the customer and Tokuda Bank. On the first maturity date following the migration, the customer must either convert the deposit to another currency (EUR or USD) or close it.
In the event that, after August 31, 2026 for legal entities and after October 10, 2026 for individuals, there are still accounts in CHF, GBP, and JPY, the Bank may close such accounts ex officio by converting the available balance at the Bank’s exchange rate applicable on the date of the transaction and transferring the funds, free of charge, to the customer’s current or savings account in another currency. If the customer does not have such an account, the Bank may open, ex officio, a settlement account in euro in the customer’s name, to which the transfer described above will be made. This shall also apply to Tokuda Classic deposits in GBP that have not been closed on the first maturity date following the merger of Tokuda Bank into BACB.
II. The wording relating to the products described in Section V. DISCONTINUED PRODUCTS FOR INDIVIDUALS has been updated.
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In the Bank’s Tariff
Cash transactions in CHF, GBP, and JPY will be discontinued: for legal entities – after August 31, 2026; for individual customers – after October 10, 2026. Following these dates, customers may operate with their accounts in these currencies only through non-cash transactions.
Sincerely, The Tokuda Bank Team