By Dave Jones
THE European Commission has banned surcharges for consumer debit and credit card payments made online – and in shops – anywhere in the EU.
An EC spokesman said: “When you make a cross-border payment in euros and Swedish Krona within the EU, your bank can’t charge you more than it would for an equivalent national transaction.”
“Even banks based in EU countries outside the euro area must apply this rule.”
The EC noted that this includes any transfers between bank accounts in different EU countries; withdrawals from cash machines in EU countries; payments by debit or credit card across the EU; and direct debit transactions.
