Cross-border bank charges

As of 01/07/02, the EU Cross-Border Payments Regulation will come into force. Meaning that charges for withdrawals in euros from cash machines will be the same whether the customer uses a machine in the country where they hold their bank account or a machine in another Member State. Also as of 01/07/02, charges for the use of credit and payment cards (for payments in euros up to 12.500), will be the same whether payments are made in the country where the card is issued or in another member state. This Infoclip illustrates both cash withdrawals and credit card payments abroad. It also contains graphics on the current and future bank charges for cross-border transactions.

European Commission | June 27, 2002

Tags:. .member state