Article 2 Task

The group's task is to:

• Identify any legal, regulatory, administrative and other obstacles to customer mobility in relation to bank accounts. In particular, the group should identify any obstacles to open a bank account cross-border as well as to switch banks both at domestic and cross-border level (e.g. cost of opening, maintaining and closing a bank account, direct switching costs etc.).

• Provide advice to the Commission on how the identified obstacles should be addressed.

• Consider the merits of designing an EU optional standard bank account.

• Issue a report containing its findings and advice.