Foreign Exchange: Fees and Charges

Summary

To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 October 2021 to Question 62566, what plans he has to require banks to show the difference between the mid-market (interbank) exchange rate and the rate they use when offering foreign exc

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Timeline

1. 8 November 2021

   Written question

   To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 October 2021 to Question 62566, what plans he has to require banks to show the difference between the mid-market (interbank) exchange rate and the rate they use when offering foreign exc

   Source: Commons

2. 15 November 2021

   Answer

   The Government recognises the importance of transparency of fees and charges in protecting consumers and ensuring effective competition between payment service providers (PSPs) such as banks. To this end, the UK has regulatory requirements in place to ens...

   Source: Written answer

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• · Treasury · Answering body

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