Although the UK remains in the Sepa zone, The Connexion has confirmation that technically French banks can charge an ‘international’ fee to receive UK money
The UK financial regulator had already warned that cash machine withdrawals could become more expensive for UK cardholders in Europe after the transition period
Brexit loophole confirmed as cause of new UK-France Sepa bank fees connexionfrance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from connexionfrance.com Daily Mail and Mail on Sunday newspapers.
Europe: EBA consults on proposed guidelines on limited network exclusion under PSD2
On 15 July 2021, the EBA published a consultation paper (EBA/CP/2021/28) proposing guidelines on the limited network exclusion (LNE) under PSD2.
The EBA explains that Article 3(k) of PSD2 introduced an exclusion for services based on specific payment instruments that can be used only in a limited way. It believes that the implementation and application of the LNE requirements diverges significantly between member states, which impedes the single market for payment services in the EU and creates opportunities for regulatory arbitrage. The EBA also believes that consumers are sometimes unaware that they do not benefit from the protection envisaged under PSD2.