Cross-border payments and currency conversion charges

06-02-2019

In March 2018, the European Commission made a proposal for a regulation to review Regulation (EC) No 924/2009 on cross-border payments. It would lower the charges for cross-border payments in euros, and bring more transparency regarding currency-conversion fees. The Parliament and Council reached a negotiated agreement, which is scheduled to be voted by Parliament at first reading during the February plenary session.

In March 2018, the European Commission made a proposal for a regulation to review Regulation (EC) No 924/2009 on cross-border payments. It would lower the charges for cross-border payments in euros, and bring more transparency regarding currency-conversion fees. The Parliament and Council reached a negotiated agreement, which is scheduled to be voted by Parliament at first reading during the February plenary session.