EC: cheaper cross-border Euro payments

In Hungary


As of December 16, cross-border payments in euros will be lower for consumers and businesses in non-euro area member states, the European Commission Representation in Hungary said in a statement. 

Image: Pexels

The EU rules ensure that for non-euro area member states (Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, and Sweden) the cross-border payments in euro fee will equal the fee for domestic payments.

So, for example, anyone who wants to send a euro abroad will now pay the same fee as if they were transferring their own currency within their own country.

Valdis Dombrovskis, the European Commission’s Executive Vice President for an Economy that Works for People, said: “These rules enable our citizens and businesses to benefit equally from the low cost of cross-border payments in euro. This is a positive and concrete example of how the single market can bring real benefits to European consumers.”


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.