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Europe Daily Bulletin No. 8013

25 July 2001
GENERAL NEWS / (eu) eu/banks
On Wednesday, Bolkestein to present Commission with his draft regulation on cross-border payments

Brussels, 24/07/2001 (Agence Europe) - On Wednesday, the European Commission should adopt a proposal for a regulation that would require banks to invoice national and cross-border transfers at the same price. This regulation would apply to all payments and withdrawals by bank cards from 1 January 2002, and to cheques and transfers between bank accounts from 1 January 2003. It will concern all transactions in euro below 50,000, including in Member States which are not part of the euro zone....

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