Personal and business banking depended too heavily on one existing EU relationship.
Entrepreneur diversifying banking
Replacing single-bank dependency with a broader banking setup.
Client
An internationally mobile entrepreneur already resident in Bulgaria who relied on a single EU bank.
Starting point
1 bank
New setup
BG + GE
Situation
One bank had become a single point of failure.
The client relied on a single EU bank and wanted a more resilient, multi-currency setup without creating unnecessary KYC or source-of-funds friction.
Any account restriction or provider issue would have had an outsized impact on normal access to funds.
Additional banking relationships chosen for the client’s actual currencies, use cases and documentation profile.
What we did
Each banking relationship was selected and documented for its actual use.
We reviewed how the client used the existing bank, matched additional Bulgarian and Georgian providers to those requirements and prepared the KYC and source-of-funds documentation each provider required.
Result
BG + GE
Banking markets
The client now holds banking relationships across Bulgaria and Georgia.
The client moved from relying on one EU bank to several banking relationships across Bulgaria and Georgia, creating a more resilient setup with access to different currencies and providers.
This is an anonymised individual client outcome, not a promise or typical result. Banking applications remain subject to each provider’s compliance requirements and approval.
Your position
Want to reduce the risk of relying on a single bank?
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