Bank account mobility

The EBF has actively contributed to the formulation of the EBIC Common Principles for Switching of Bank Accounts. The Common Principles, designed to facilitate the process for the consumer to switch his bank account to another bank, will not only reduce the cost for the consumer, but also allow the consumer to deal with only one contact point.

Further, the self-regulatory initiative from the European Banking sector underlines its commitment to promote a competitive environment.

Related links:

EBIC principles on bank account switching

Report on implementation of EBIC principles on bank account switching

 
 
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