European directive

[catquest]

Does anyone know when the European directive entitling everyone in the EU to have a bank account becomes law in the UK ? Will it mean the end to banks asking a customer to close an account and go elsewhere ?

[citizenB]

I cant find anything by googling. Hopefully there will be a cagger somewhere who will know the answer to this.

[san_d]

The directive goes back to April 2014 but I am not sure if it the UK has opted out. As long as I know all banks should offer a basic bank account to receive your wages or benefits in, but I am not sure how this is implemented in practice.

[catquest]

https://www.gov.uk/government/consultations/implementation-of-the-eu-payments-accounts-directive/implementation-of-the-eu-payment-accounts-directive

[Conniff]

Does anyone know when the European directive entitling everyone in the EU to have a bank account becomes law in the UK ? Will it mean the end to banks asking a customer to close an account and go elsewhere ?

 

I don't see that wording in the consultation paper but even so, there is a great difference between the 'entitlement' of a bank account and forcing a bank to open one. I also don't think there is anything to stop a bank, (a private firm) from ending an association with a consumer or a company.

[citizenB]

http://www.consumeractiongroup.co.uk/forum/showthread.php?457549-Fee-free-bank-accounts(26-Viewing)-nbsp

 

This might be of interest, catquest - from January 1st, 2016 - 9 banks are going to be offering truly fee free bank accounts - so if you miss a standing order or direct debit, you wont be charged.