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Bank account switching

08 December 2008, 19:14 CET
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In its staff working document on the initiatives in the area of retail financial services, accompanying the Communication A single market for 21st century Europe, COM(2007)724 final, the European Commission invited the EU banking industry to develop a switching service to be offered by banks of all Member States to consumers who wish to switch their bank account from one bank to another at national level. In response to this invitation, the European Banking Industry Committee (EBIC) has adopted its Common Principles for Bank Account Switching.

The link address is: http://ec.europa.eu/internal_market/finservices-retail/mobility/baeg_en.htm#switching

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