(16 December 2019) – As of today, consumers and businesses in non-eurozone Member States will enjoy cheaper cross-border payments in euro.
New EU rules will ensure that all cross-border payments in euro in non-eurozone Member States – Bulgaria, Croatia, Czechia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, Sweden – will be priced the same as domestic payments.
For example, a Bulgarian consumer who decides to send euro abroad will from now on pay the same fee as for a credit transfer in lev, within Bulgaria. In other words, cross-border euro payments will incur very low or even zero fees.
As a next step, in April 2020, additional provisions will apply which will allow EU consumers to compare currency conversion charges when paying with their cards in another EU currency.