Brussels aims for bank charges push

The European Commission has decided on 25 July 2001 to propose a Regulation according to which charges for transactions in euros in the internal market should be the same for cross-border payments as for those within a single Member State. This provision would apply from 1 January 2002 for card payments and cash dispensers and from 1 January 2003 for bank transfers and cheques. Article says that although the Commission had been calling for this for the last 11 years, cross-border charges still remain much higher than those for internal transfers.

http://europa.eu/rapid/pressReleasesAction.do?reference=IP/01/1084&format=HTML&rapid=0&language=EN&guiLanguage=en http://europa.eu/rapid/pressReleasesAction.do?reference=IP/01/1084&format=HTML&rapid=0&language=EN&guiLanguage=en

http://ec.europa.eu/comm/consumers/policy/developments/fina_serv/index_en.html http://ec.europa.eu/comm/consumers/policy/developments/fina_serv/index_en.html

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