Statement of fees
- Convenient cost summary of your current account
- For easy comparison with other banks
Statement of fees
The statement of fees is an annual summary of the fees and charges you have paid for your personal current account.
The statement of fees gives you an at-a-glance overview of all the fees and charges you have paid for your current account, as well as any interest you have paid or received on your current account balance.
This cost summary is issued to you under the EU Payment Accounts Directive (PAD). 'Statement of fees' is the official name we are required by law to use for this cost summary.
All payment account providers in the EU are obliged to provide their customers with a statement of fees at least once a year. All banks use the same layout for this summary to facilitate comparison of different banks' personal current accounts.
You will receive one statement of fees per year (in the spring) with the total overview of the previous calendar year.
The statement of fees was introduced in November 2018, as required under the EU Payment Accounts Directive (PAD).
If you want more detailed information on the fees and charges you paid in a particular month, please check your credit and debit transactions.
The statement of fees lists all fees and charges paid for your current account to give you a convenient overview. The Annual Statement is a document you need for your tax return. Besides details of your current account, the Annual Statement also shows details of your savings account, investments, mortgage or loan.
No, for a joint account you will receive one single statement of fees on Internet Banking or in the post.
All banks are required by law to send their account holders a statement of fees every year, even if no fees were charged over the previous period.
No, statements of fees are issued only for personal accounts.