Retail bankers are letting consumers down,” said Meglena Kuneva, the European commissioner for consumer policy. This statement is published after a survey done by EU commission exposing that EU banks’ transparency and business conduct is much below expected level and is bordering violation of EU laws.

EU banking basic fees were reported to fluctuate from 27 Euros annual fees in Bulgaria, via 46 Euros in the Netherlands and up to 154 in France and 253 in Italy.

The EU report covers prices of various banking fees of 224 banks, accounting for 81% of the EU market.

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