Montag, 28. Juli 2014

The right to a basic bank account for all European citizens: Commission welcomes Council adoption

The European Commission has welcomed the adoption by the EU’s Council of Ministers of the Directive on the transparency and comparability of payment account fees, payment account switching and access to a basic payment account.The Directive will foster the creation of a real Single Market for retail financial services bringing numerous benefits to EU citizens by providing them with a right to a basic payment account irrespective of their place of residence or financial situation. The Directive will also substantially improve the transparency of bank account fees and make it easier to switch a bank account from one bank to another.
The Directive will now be signed by the European Parliament and published in the Official Journal of the European Union. Member States will then have two years after its entry into force to implement the Directive into their national law.

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