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Europe Daily Bulletin No. 8244

29 June 2002
Contents Publication in full By article 26 / 47
GENERAL NEWS / (eu) eu/financial services
Regulation on cross-border payments takes effect on 1 July

Brussels, 28/06/2002 (Agence Europe) - The regulation, that will make it compulsory for banks to apply the same tariffs for national and cross-border payments in euros, will enter into force on 1 July for payments by bankcard or cash withdrawals from cash distributors, and for payments between bank accounts as of 1 July 2003. In a press release, the Commission considers that withdrawals should cost less than before. Withdrawing 100 euros from a distributor in a Member State other than one's...

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