Making banking easier
Bank accounts are an essential part of everyday life, allowing us to make and receive payments, shop online, and pay utility bills.
While banks can operate throughout the EU and offer their services across borders, their customers do not have the same flexibility. People often still find it difficult to open an account in another EU country or to change banks. In addition, bank fees are sometimes high and not particularly transparent.
Directive on payment accounts
The directive on payment accounts gives people in the EU the right to a basic payment account regardless of a person's place of residence or financial situation. The directive also improves the transparency of bank account fees and makes it easier to switch banks.