Wednesday, June 22, 2016

ACM wants consumers to change banking account reserves – NU.nl

The ability to easily switch on, hold banks sharply and is good for competition, ACM Presents.

Many consumers find a switch, however, too much hassle, and begin therefore not to. Bringing your own number to make it easier for consumers to switch.

The ACM has developed a method to calculate benefits of number portability. In the Netherlands businesses and consumers would in ten years could save about 400 million euros because they choose faster for a cheaper bill.

The increasing competition between banks is advantageous. This leads to lower fares and better service.



European

The inclusion of bank account numbers can only be regulated at European level. The regulator urges policy makers to use in other countries in the developed research method and to take action.

The total cost of maintaining account numbers depend on it in what form this will take place in Europe. ACM prefers that consumers and companies will start paying with a unique alias, similar to a mobile phone.

The regulator believes that further research into the costs and benefits should be started soon, because “it is a complicated issue.”



Option

Payments Association

Netherlands, which bends behalf include banks and payment institutions on questions about payments, see the inclusion of the account as one of the options to move easier.

” the European Central Bank has been looking at several options. So be viewed or aliases, such as your personal telephone number could be used, “said spokesman Berend Jan bracket.

bracket indicates that there is already a well-functioning switching service for current accounts in the Netherlands, which in the abroad often serves as an example. “” But this should be, as the ACM says, are regulated primarily at European level. “

Proponent

SNS Bank late in a comment Learn to be a strong supporter of number portability. “People change too little bank, there are too many obstacles,” said a spokesman.

“The market is locked In our changes as soon as possible.”, Says the bank

By:. ANP / NU.nl

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