European Union
Rules are being introduced that will force banks to levy equal fees for customers of all banks in the European Union. This may mean national fees become higher. See Single Euro Payments Area.
These rules apply since 1 July 2002. Eurozone and Swedish customers are exempt from getting lower international fees outside Eurozone countries, because only fees for euro withdrawals are regulated. Non-Eurozone customers (except Swedish customers) are completely exempt from getting lower international fees, because the regulation only states that international euro withdrawals should be available at the same price as national euro withdrawals (and euro withdrawals are very uncommon in non-Eurozone customers' home countries).
Read more about this topic: ATM Usage Fees
Famous quotes containing the words european and/or union:
“Of course, in the reality of history, the Machiavellian view which glorifies the principle of violence has been able to dominate. Not the compromising conciliatory politics of humaneness, not the Erasmian, but rather the politics of vested power which firmly exploits every opportunity, politics in the sense of the “Principe,” has determined the development of European history ever since.”
—Stefan Zweig (18811942)
“So we grew together
Like to a double cherry, seeming parted,
But yet an union in partition,
Two lovely berries moulded on one stem.”
—William Shakespeare (1564–1616)