Cross-border payments in euro: Regulation
on equality of charges
Regulation (EC) No 2560/2001 on cross-border payments
in euro eliminates the difference of price between cross-border and
national payments. It applies to credit transfers, cash withdrawals at
cash dispensers and payments by means of debit and credit cards. The
Regulation aims at achieving a domestic payment area for euro payments
in the EU. The basic principle is that the charges have to be the same
whether the payment is national or cross-border. The Regulation applies
also to cash withdrawals at cash dispensers (ATM machines), to card
payments (debit or credit) and to credit transfers.
Regulation
Regulation (EC) No
2560/2001
of 19.12.2001
Extension Swedish Kronor
Article 9 of the Regulation stipulates that, should the Member State
concerned so decide, certain provisions may also apply to payments in
Swedish kronor, Danish kroner or pound sterling. The Swedish authorities have decided to
extend the Regulation to the Swedish krona (Communication of the
Commission, OJ C 165 of 11.7.2002).
Guidance
Interpretative notes
| 10.3.2004 |
Note on
practical aspects of the implementation of Article 3 of
Regulation (EC) No 2560/2001 and the notion of 'corresponding payments' for credit transfers
 |
| 2003 |
Article 9 – The possible extension of the Regulation to Swedish krona, Danish kroner or pound sterling,
MARKT/4000/2003
|
| 2002 |
Article 3 – The principle of equality of charges between national
and cross-border payments,
MARKT/2902/2002
|
Consultations, studies & reports on the
application of the
Regulation
Press releases
| 26.2.2008 |
EU rules
on cross-border euro payments should be extended, says
Commission report,
IP/08/305 |
| 11.1.2007 |
Cross-border euro payments now significantly cheaper,
IP/07/32 |
| 26.6.2003 |
EU Regulation
aligns charges for cross-border credit transfers in euro,
IP/03/901 |
| 27.6.2002 |
New EU rules mean
cheaper cash withdrawals and bank card payments abroad,
IP/02/941 |
| 27.11.2001 |
Commission welcomes
Council’s political agreement on cross-border payments proposal,
IP/01/1668 |
| 15.11.2001 |
Commission welcomes Parliament’s support for proposal on
cross-border payments in euro,
IP/01/1595 |
| 20.9.2001 |
New Commission study confirms
persistent high charges,
IP/01/1293 |
| 23.5.2000 |
Commission urges banks and Member States
to cut costs, IP/00/505 |
| 4.2.2000 |
Commission urges
banks to improve cross-frontier payment systems,
IP/00/108 |
| 5.2.1999 |
Commission
steps up ongoing action after introduction of the euro,
IP/99/90 |
FAQ
| 26.6.2003 |
Regulation on cross-border transfers in euro to apply from 1 July
2003, MEMO/03/140 |
| 27.6.2002 |
Regulation on cross-border payments in euro to apply from 1 July 2002,
MEMO/02/154 |
National complaint bodies
- In case of problems with the application of Regulation (EC) No
2560/2001, please
contact the competent
national
complaint bodies
Background documents
|
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