Cross Border Payments Regulation
What is the Cross Border Payments Regulation?
The Cross Border Payments Regulation applies to transactions carried out using your debit card in the European Economic Area (EEA). This may be a transaction made abroad, an ATM withdrawal, or an online purchase from a foreign retailer in the local currency.
In eurozone countries, you will be able to use your MeDirect card just as you would in Belgium.
In countries outside of the eurozone, namely Bulgaria, the Czech Republic, Denmark, Hungary, Iceland, Norway, Poland, Romania, Sweden, Switzerland, you may be offered the possibility to pay or withdraw cash from an ATM either in the local currency or in Euro.
Rates and conversions
To help you better understand the exchange rates that will apply to withdrawals / payments made in local currencies within the EEA, this table indicates the % difference between the daily European Central Bank exchange rate and the rate you will be charged for using your card in a different currency.
- The final currency exchange rate used to convert the transaction amount to the currency of your card is the rate applicable on the day Mastercard processes the transaction (the processing day may be different to the date of the transaction).