Aflatoxins (AFs) are contaminants of several agricultural crops, and aflatoxin B1 (AFB1) is the most toxic AF and a known carcinogen to humans and animals. A practical solution for decontamination of animal feed contaminated with AFB1 is to use bentonite, a natural raw material consisting primarily of the mineral montmorillonite (dioctahedral 2:1 layer aluminosilicate of the smectite group). The aims of this research were to compare mineralogical, structural, chemical, and physico-chemical characteristics of three bentonites from the Balkan region (Beretnica clay from Serbia (B-Clay), Yellow clay (Y-Clay) and Gray clay (G-Clay) from Bosnia) with the characteristics of a commercial pharmaceutical-grade bentonite (P-Clay), and to study the behavior of the bentonites in phosphate buffer at pH 3 and 7 with and without AFB1. AFB1 adsorption by bentonites followed non-linear isotherms with maximum amounts adsorbed from 75.43 mg g–1 at pH 3 and 62.91 mg g–1 at pH 7 for the P-Clay to 100.25 mg g–1 at pH 3 and 78.58 mg g–1 at pH 7 for the B-Clay. The Ca-bentonites (B-Clay-cis-vacant, 83% montmorillonite; Y-Clay-cis/trans-vacant, 98% montmorillonite; and G-Clay-trans-vacant, 88% montmorillonite) were efficient adsorbents of AFB1, with the greater adsorption observed at pH 3. The P-Clay (Na/Ca bentonite, cis-vacant, 63% montmorillonite), exhibited the lowest AFB1 adsorption at both pH values. The behavior of bentonites in buffers, in the presence of AFB1, indicated that ion exchange and AFB1 adsorption by montmorillonite occurred simultaneously. Cations with larger hydrated radii (Mg2+ and Ca2+) represented the primary active sites for AFB1 adsorption. The position of OH– groups in cis-montmorillonites at the same side of the octahedral site enhanced AFB1 adsorption, making them more available for protonation of edge sites and subsequent interaction with AFB1. Specific characteristics of the montmorillonite in bentonites play an important role in AFB1 adsorption, although the buffer composition also affects the adsorption process significantly.