SEPA extension and dynamic currency conversion

Published 20.08.2019

Level 1

State of play: legislative phase



  • Consultation on transparency and fees in cross-border transactions in the EU (launch on 24 July 2017/closed on 30 October 2017)
  • The Commission published a proposal on 28 March 2018


  • On 27 June 2018, a general approach was agreed on the proposals.
  • On 19 December 2018, the Council reached a political agreement on aligning the costs of cross-border payments in euros between euro and non-euro countries.


  • On 18 September 2018, ECON published the amendments on cross-border payments.
  • On 8 November 2018 ECON published a report on the proposal for a regulation as regards certain charges on cross-border payments.
  • On 19 March 2019, the Official Journal published the Regulation on certain charges on cross-border payments in the Union and currency conversions charges.
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