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Cross-border payments in euros - EUR-Lex

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Cross-border payments in euros

Payment transactions (particularly involving banks) conducted in a Member State or between two Member States shall be subject to the same charges. The Regulation concerns all electronic payment transactions, including credit transfers, direct debits, withdrawals from automatic teller machines, payments by debit and credit cards, as well as funds transfers.


Regulation (EC) No 924/2009 of the European Parliament and of the Council of 16 September 2009 on cross-border payments in the Community and repealing Regulation (EC) No 2560/2001 (Text with EEA relevance).


This Regulation guarantees that national and cross-border payments made in the Community are subject to the same rules with regard to bank charges.


The payments concerned are to be made in euros or in the national currency of Member States wishing to apply the Regulation. Thus, following a request from Sweden, the principle of equality of charges also applies to payments made in Swedish kronor.

The Regulation shall not apply to payments made by payment service providers for their own account or on behalf of other payment service providers. Furthermore, the Regulation shall not apply to currency conversion charges.

Equality of charges applicable to payments

Service providers shall levy identical charges for:

  • cross-border payments and electronically processed payment transactions where the payer’s payment service provider and the payee's payment service provider are located in different States;
  • national payments and electronically processed payment transactions where the two service providers are located in the same State.

Facilitating the automation of payments

Payment service providers shall give each client an International Bank Account Number (IBAN). They shall also communicate, only if necessary, their Bank Identifier Code (BIC). These codes shall be indicated by clients when making cross-border transactions. Failing this, the client may be subject to additional charges. Service providers must inform their clients of the amount of additional charges before a transaction takes place.

From 1 February 2014, transfers must be made in accordance with the SEPA (Single Euro Payments Area) standards, whether they are national or cross-border payments.

From 1 February 2016, payment providers will no longer require users to enter their BIC for cross-border payments.

Compliance with regulatory obligations

Member States shall designate the competent authorities responsible for ensuring compliance with this Regulation.

If there is an infringement of the provisions by service providers, service users or any interested party may submit claims to national authorities. Member States shall establish out-of-court complaint and redress procedures. They shall designate or create competent bodies.

Member States shall lay down penalties to be applied in the event of infringement.

Cross-border cooperation

The competent authorities and the bodies responsible for out-of-court complaint and redress procedures shall expeditiously cooperate in solving cross-border disputes.


To facilitate the functioning of the internal market, it is necessary to create an integrated market for payments in euros in which there is no difference between national and cross-border payments. In order to do so, the Single Euro Payments Area (SEPA) project will introduce a common payment service for the whole European Union, replacing the current national payment services.



Entry into force

Deadline for transposition in the Member States

Official Journal

Regulation (EC) No 924/2009



OJ L 266 of 9.10.2009

Regulation (EU) no260/2012



OJ L 94 of 30.03.2012


Communication from the Commission of 10 September 2009 – Completing SEPA: A Roadmap for 2009-2012 [ COM(2009) 471 final – Not published in the Official Journal].

The Roadmap presented by the Commission lays down the priorities for the Single Euro Payments Area (SEPA) for the period 2009-2010. These priorities concern Member States which have adopted the euro or are preparing to do so, as well as Sweden. These priorities should:

  • accelerate the migration of financial products and payment standards towards SEPA products;
  • increase the visibility of SEPA and its products;
  • complete the legal environment for SEPA and strengthen compliance of its standards with those of the European Payments Council;
  • ensure standardisation, interoperability and security of the processing of payments;
  • improve governance of SEPA, through the establishment of a new competent body at European level.

Communication 2002/C 165/08 from the Commission of 11 July 2002 pursuant to Article 9 of Regulation (EC) No 2560/2001 of the European Parliament and of the Council [Official Journal C 165 of 11.7.2002].

The Commission received notification on 28 June 2002 of the decision of the Swedish authorities to extend the application of the Regulation to the Swedish kronor.