The “promotion of transparency to bank charges and protect consumer access to banking services” is seeking an amendment tabled by PASOK MPs and members of the Standing Committee on Economic Affairs.

PASOK reports that it is the first party to raise the issue since last December and notes that with the amendment he is asking for:

1) It is prohibited to banks and payment service providers who exploit ATM each charge or supply for cash withdrawals through ATM even if it is carried out using a credit or debit card owned by another bank or provider by the one operating the ATM.

2) It is foreseen to explicitly abolish a multitude of supplies or expenses imposed by banks today, such as indicative management or information expenses on the movements of the deposit accounts, expenses for examining the credit rating of the borrower concerned or examining his request, Bank, issuance or reissue of credit cards, etc.

3) Banks’ charges for orders to the store for transfer of capital to another bank account (remittances) may not exceed the amount of the billing applicable to the online transaction transaction, increased only by the reasonable operating costs of the shipment.

4) Natural persons over 70 years of age or persons suffering from a disability or serious illness or have a proven weakness may perform an interbank transaction at least once a month in the store at a charge set for the corresponding online transaction.

5) Banks are obliged to provide access to customers in cash transactions for at least five hours on each business day.

6) Each credit institution must have at least three times the number of ATMs in terms of the number of its stores in the country, and without calculating, of course, ATMs in bank stores, where consumers can make deposits and payments at no cost. This feature can also be provided through affiliated third parties who are ATM holders. In case of non -compliance with the obligation, he may not charge expenses or commissions for certain interbank transactions.

7) A mechanism for the control of any existing or displayed billing is established to identify unjustified charges, either for their cause or in their amount.

8) Protected borrowers of loan and credit contracts at a floating rate, in which banks, using controversial and abusive terms, do not attribute to the interest rate the reduction they are entitled to from the downward trend of the ECB’s interbank interest rates.