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My Money

This tag is associated with 9 posts

Bank account holders [What Europe does for you]

Bank accounts are an essential part of everyday life, allowing us to manage our money, shop online, and pay bills. Continue reading

Small investors [What Europe does for you]

Individual investors who buy securities for themselves (and not on behalf of a fund or a bank) have access to a growing range of investment products, funds and investment-linked insurance policies, also known as ‘packaged retail and insurance-based investment products’ (or PRIIPs), offered by banks and insurance companies. Continue reading

People travelling with cash [What Europe does for you]

If you are travelling to or from the EU by air, road, rail or sea with €10 000 or more in cash you must declare it to the customs authorities. Continue reading

Cross-border creditors [What Europe does for you]

Around 50 % of all consumers shop online, and the number of cross-border transactions in the internal market is growing steadily. Continue reading

Consumers making cross-border payments [What Europe does for you]

Whether you are travelling for leisure or business within the European Union, you should be able to make deposits in or withdrawals from a payment account, make payment transactions, or send money home in an easy and secure way. Continue reading

Young taxpayers [What Europe does for you]

If you are just starting out in your working life, taxes can seem a bit scary, but they are the price of a modern and fair society. Learning about the basic principles of a modern tax system can prove very useful. Continue reading

Home owners [What Europe does for you]

As a citizen of the European Union, you have the right not only to live, work, study and do business anywhere in the EU, but also to buy property. Two-thirds of Europeans own their own home; some of them are still paying back a loan or mortgage, while others own their home entirely. Continue reading

Local and regional banking providers [What Europe does for you]

Whether you are a business owner, want to start one, or a financial intermediary, you have access to EU funds. The European Investment Bank provides credit lines to finance providers such as local banks and financial institutions, helping them develop their lending portfolio and offer greater access to credit to a wider range of clients. This support helps finance the medium and long-term loans offered to private sector firms, commercially run public-sector enterprises or even local authorities. The Bank invests €75 billion in over 400 projects in a typical year. While such loans must meet some conditions (e.g. increase local growth and employment or help protect the environment), they offer benefits such as long time-to-maturity and attractive pricing. The finance providers can also make use of the technical assistance offered both to the intermediaries and the final recipients. Continue reading

Residential property buyers [What Europe does for you]

Many if not most Europeans looking to purchase their first apartment, or thinking of buying a bigger apartment or house to fit a growing family, take out mortgages for the purpose. Under these contracts, the purchased property secures the mortgage and, should repayment obligations not be fulfilled, allows the loan provider (usually a bank) to seize the property and sell it to pay off the loan. Taking out a mortgage loan is therefore a very important financial decision, entailing a financial commitment that can last for decades and carrying risks for both the buyer and the bank. Continue reading

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