Payment Services Directive (PSD) affecting wire transfers

Dear clients,

On 1 November, 2009 the Payment Services Directive (PSD) goes into effect. The aim of the Payment Services Directive (PSD) is to improve the efficiency and transparency of payment services within the European Economic Area (countries from the EU plus Iceland, Lichtenstein, and Norway), and to increase the protections given to customers. Under the PDS, the one who makes a payment and the one who receives the payment must each pay the charges of their respective banks.

Deltastock’s policy is such that the incurred bank fees on wire transfers are at the Clients expense. Because of this the fees which Deltastock is charged under the PSD will be withheld from the Client’s account.

Deltastock AD