EACB Comments proposal Directive Payment Accounts (access, switching, fees)

The European Association of Co-operative Banks (EACB) appreciates the Commission’s initiative that aims to enable citizens to participate actively in the single market, enhance transparency and comparability of payment account fees and make switching payment accounts easier. In particular, and with a reference to recital 28 of the proposal on minimising the risk for consumers to become financially excluded, the EACB ;would like to emphasise that co-operative banks attach great importance to financial inclusion. They have a long experience in welcoming all types of clients and financial inclusion is embedded in their co-operative values. For the EACB Comments on the proposal for a Directive on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features, please download the PDF.