MyFin review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
MyFin is a Bulgarian, supervised debit card account for kids and families that charges nothing to hold and nothing to convert currency. It suits parents who want a real Visa card in a child's name with no monthly or conversion charge, and it is less useful to anyone who needs everyday adult banking features.
Key facts
Brokers
- Minimum deposit
- €0↗
- Account fee
- €0↗
- Markets
- Stocks, ETFs, Metals↗
- Regulators
- Bulgarian National Bank↗
- Investor protection
- EU ICS up to EUR 20,000↗
- Deposit and withdrawal fees
- Free top-up by card↗
- Platforms
- MyFin App↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- WikidataLinkedInfacebook.com
Pros and cons
Pros
- No monthly fee: the account fee is €0 and the monthly fee is €0.
- Currency conversion fee of 0%, against 0.5% to 3% on bunq.
- Top of the site table on currency conversion fee at 1 of 258 brands.
- Regulated by the Bulgarian National Bank in Bulgaria, with deposit cover of EU ICS up to EUR 20,000.
- A debit card on the visa network, plus a virtual card for online spending.
Cons
- Support runs on email and phone only, with no live chat in the mix.
- The account is aimed at kids, so it is not a general adult current account.
- Markets are limited to stocks, etfs and metals, so a wider range of investments means looking elsewhere.
- A currency conversion fee of 0% is not the norm across the market, where the median is 1%.
Who it suits
- Parents setting up a first account for a child in a supervised bank
- Families who often pay in another currency and want a conversion fee of 0%
- Anyone who wants a debit card on the visa network with no monthly charge
Who should look elsewhere
- Anyone wanting an adult current account, since the audience is kids
- People who want live chat support, as contact runs on email and phone
- Investors after a wider market range, as choices are stocks, etfs and metals against the wider selection on Wise
Getting started
You can open with a minimum deposit of €0, so there is no floor to clear before the account is usable. Money goes in free: Free top-up by card. That combination suits a family starting small, or a parent putting a first balance in a child's name, because the entry cost is nothing and the top-up carries nothing either. Wise also asks for no minimum at £0 on its account side, so on entry costs alone the two are level, and the difference comes later, in what the card does with the money.
Where it sits among rivals
MyFin takes the top spot on the site's currency conversion fee table at position 1 out of 258 brands, and the top spot on monthly fee at 1 out of 422. Two firsts on the same ranking is the clearest single statement about how this account is priced: it is not trying to earn from holding or from spending abroad. The overall picture is a fair one, with a score of 7.2 and the cost part at 7.2, so the low fees are what lift the rating rather than features doing the work.
Fees and currency costs
The monthly fee on the account is €0, and the wider account fee is €0. Both sit at nothing, which means the cost of holding the account is €0 a month whatever the balance. The currency conversion fee is 0%, so spending or saving in another currency is not charged a percentage either. Put against the site's median conversion fee of 1%, that is the sharpest saving in the comparison. For a family that pays for things in a second currency, this is the line that matters more than the monthly fee.
Using it day to day
Everything runs through the MyFin App, so the app is the single place for balances and payments. The card itself is a debit card on the visa network, which means it works in ordinary shops and cash machines, and there is a virtual card for online spending when the physical one stays home. If something goes wrong, help comes by email and phone. On the debit-card table, Visa is the network on 58.5% of brands, so this sits with the most common setup.
Who runs it
MyFin is based in Bulgaria and was founded in 2020, so it is a young operation rather than an inherited high street name. Its supervisor is the Bulgarian National Bank, which is the part that matters most for a family account: the balance is held under a named central bank, not by a standalone app company. Contact is by email and phone, and on the site's support split, phone and email are the two channels that most brands offer at 74.4% and 72.9%.
How MyFin compares
8.8 vs 9.4
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Where MyFin is available
- Available
- Bulgaria
- Licence in Bulgaria
- Bulgarian National Bank, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to keep a MyFin account open?+
The monthly fee is €0 and the account fee is €0, so holding the account costs nothing in either measure. There is no balance requirement either, since the minimum deposit is €0. For a child or a family account the running cost is therefore €0.
Is there a charge for spending or saving in another currency?+
The currency conversion fee is 0%, so there is no percentage taken when money changes currency on the card. That places it at position 1 of 258 brands on the site's conversion table. The site's median conversion fee is 1%, so the gap to the typical account is the whole of that median.
Who regulates MyFin and what happens to the money?+
MyFin is supervised by the Bulgarian National Bank, the Bulgarian regulator, and its base is BG. Balances are covered by deposit protection of EU ICS up to EUR 20,000. That scheme is a deposit guarantee, so it covers cash held in the account rather than investment value.
What kind of card does a child get?+
It is a debit card on the visa network, so it behaves like an ordinary card in shops and at cash machines. The account is aimed at kids, and the monthly fee of €0 means there is no cost to keeping it open between uses.
How do you add money to the account?+
Top-ups are free: Free top-up by card. There is no minimum to reach, since the minimum deposit is €0, so small amounts can go in as easily as large ones. The MyFin App handles the balance and the card use.
Can a virtual card be used for online spending?+
Yes. A virtual card is listed among the account's features, so a child can pay online while the physical debit card stays with a parent. That sits alongside the visa card for everyday use.
How do you get help if the card is blocked or a payment fails?+
Support runs on email and phone, so a phone call or an email reaches the team. There is no live chat listed among the channels, which is worth knowing before a card is relied on abroad. Help is the same whichever channel is used, and the account fee of €0 does not change.
How does MyFin compare with Wise and bunq on cost?+
On monthly fee, MyFin is €0 and Wise's account is £0, so both are at nothing. On conversion, MyFin charges 0% against bunq's 0.5% to 3%. On the site's tables MyFin holds position 1 for conversion and 1 for monthly fee.
What can you invest in through MyFin?+
The available markets are stocks, etfs and metals, so equities, exchange traded funds and metals sit in one account. The account fee on that side is €0 and the entry point is a minimum deposit of €0. For a wider range of markets, Wise carries more.
Sources
- myfin.bg checked September 26, 2026
Backs: Features, Markets, Card network, Platforms
“Create a virtual card for online and contactless payments”
- myfin.bg/about-us checked September 26, 2026
Backs: Founded, Investor protection, Regulators, Licences
“MyFin receives an Electronic Money Institution license in 2020”
- myfin.bg/contact-us checked September 26, 2026
Backs: Headquarters, Support channels
“111P Tsarigradsko shose Blvd., 1784 Sofia, Bulgaria”
- myfin.bg/junior-profile checked September 26, 2026
Backs: Audience, Card type
“Junior Profile - children aged 7 to 17”
- myfin.bg/tariff checked September 26, 2026
Backs: Account fee, Deposit and withdrawal fees, Currency conversion fee, Minimum deposit, Monthly fee
“Account maintenance - Free of charge”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Related by the facts
MyFin
A parent's first account for a child, with a Visa card and no monthly or conversion charge.