Blog Archives: tag "EU Legislation"

EU Move to End Free Banking with Introduction of Annual Card Fees

As hidden fees for transactions look set to be scrapped, a report warns consumers that the cost will be passed on to them in the form of annual fees for the privilege of having a card. These fees are suspected to be as much as £11 for debit and prepaid cards and £25 for credit cards, designed to make up for expected losses of up to 2.4 Billion for banks and issuers.

These charges would effectively end free banking throughout the Eurozone,

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