New comparison website on the fees related to payment accounts

Published 01.11.2018

The Commission de Surveillance du Secteur Financier (CSSF) draws the attention of the public to the establishment of a comparison website on the fees related to payment accounts.

As from 1 November 2018, the comparison website will be accessible at: www.frais-compte-paiement.lu.

The CSSF is in charge of establishing and operating the comparison website on the fees related to payment accounts.

The comparison website has no commercial purpose; it presents to the public in a transparent and objective manner the fees applied for the most representative services linked to a payment account by the payment service providers concerned which are supervised by the CSSF.

The results displayed on the comparison website do not provide a complete comparative view of the fees applied on the market regarding payment accounts but only list the fees charged for the most representative services linked to a payment account by payment service providers which:

  • have at least 25 agencies in Luxembourg and which hold at l east 2.5% of the deposits covered under the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, as amended;
  • without fulfilling the criteria under (a), have expressly requested the CSSF to publish their fees.

In case incorrect information on published fees are noted, these inaccuracies may be reported to the CSSF at: frais-signalement@cssf.lu .

Please note that the fees published on the comparison website may not correspond to the fees that the payment service providers might apply to their clients when offering a package of services

The author of this article is solely responsible for the content published.

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