Regulatory Alerts2020-01-01
Decision on Limiting the Fee for Executing Credit Transfers Effected in the Single Euro Payments Area (SEPA)
The Council of the Central Bank of Montenegro issued this decision to cap fees charged by payment service providers for SEPA credit transfers. The regulation sets maximum charges of EUR 1.99 for electronic transactions and EUR 3.99 for branch-initiated transfers up to EUR 20,000, with higher caps for larger amounts. Additionally, the first daily transfer under EUR 200 is limited to EUR 0.02, and payees are subject to the same fee limits as payers under this framework.
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