Press Release: Cross-border payments: New Commission study confirms persistent high charges – September 24 conference

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Series Details IP/01/1293 (20.9.01)
Publication Date 20/09/2001
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The main findings of a new study undertaken for the European Commission show that banks and credit institutions in the European Union still charge excessive fees for low-value cross-border credit transfers within the EC and a large number of these transfers are subject to unauthorised double charging. The study examined 1480 credit transfers of €100 throughout the European Union, a larger sample than the study published in July.

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