BANK CHARGES

Keith Nuthall
BANK fees for moving money from country to country within the Eurozone will match those for making payments within one EU Member State in the future, because of a new European regulation agreed by the EU Council of Ministers. It has set deadlines, namely that from July 2002, any organisation handling electronic payments should not charge more for handling cross-frontier invoices within Euroland, up to Euro 12,500, than for domestic transactions.

Also, from, July 2003, costs to customers for any single currency area wire transfer up to ...


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