Basic Banking Services

Practice area: Consumer Finance | Finance | Financial markets and Institutions
Client: European Parliament
Published: December, 2011
Keywords: stakeholder surveys and consultations

This briefing paper examines the current state of play in the access to basic banking services, as well as the expected benefits of providing such access for citizens as well as for cross-border trade, in particular e-commerce. It also identifies the banking services that would ideally be covered by any initiative and the main hurdles met by citizens accessing bank services in Member States in which they are not permanent residents.