‘Brussels wants better comparability of bank charges’

Published on 8 May 2013 at 10:10

Cover

The European Commission aims to combat “insufficiently transparent” bank charges.
To this end, explains Der Standard, it is planning to introduce a common framework for information on charges, which will apply in all EU countries. Once it has been established, customers will regularly be informed of the costs associated with running their current accounts.
The project, which also includes regulations to make it easier to open a basic account and to switch to another bank, is to be presented on May 8 by the Commissioner for Internal Market and Services, Michel Barnier, and Health and Consumer Policy Commissioner Tonio Borg.

Tags

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic