EU Customers to get currency conversion transparency and cheaper transfer costs

The Commission has published a fact sheet on legislative changes that will give customers from non-Euro Member States access to cheaper intra-EU euro payments.  The new Cross-Border Payments Regulation, that will take effect from 15 December 2019, will significantly reduce the price of these transactions and will also bring greater transparency on currency conversion charges so customers can make better informed choices when presented with options on how to pay.  But these provisions will apply only where the currencies in question are all EU currencies.


Emma Radmore