Sejm approves free basic bank accounts

The Sejm unanimously approved a bill on Friday that provides for the opening of free basic payment accounts. Deputies supported two combined government draft amendments to the law on payment services. One of them introduces free payment accounts, and the other, new procedures for supervision of electronic payments. The changes stem from EU directives. Under the provisions of the new law, the holder of a free account will have access to basic transactions. The law also makes it easier for consumers to transfer a payment account if they find a more attractive offer.