EUR-Lex Access to European Union law
This document is an excerpt from the EUR-Lex website
Opening/switching bank accounts and information on fees
It aims to tackle 3 main issues:
Access to bank accounts
Clear and comparable bank account fees
The law provides for several tools to make fees clearer for consumers. For instance, it requires that in each Member State there is at least one independent website that compares payment account fees that are charged by different banks.
Bank account switching services
The directive had to be transposed into national law by 18 September 2016.
Directive 2014/92/EU of the European Parliament and of the Council of 23 July 2014 on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features (OJ L 257, 28.8.2014, pp. 214–246).
last update 01.03.2023