Just to note, Directive (EU) 2024/1619 (CRD VI) regulates banks, not consumers' rights with banks. While the take-away advice is to open the bank accounts one needs prior to emigrating from the U.S., the better advice is to (1) open those accounts *taking care to subscribe to all services that one might need over the course of time*, e.g., current account/chequing, savings, debit/credit cards, etc., or (2) once abroad, when approaching a non-E.U. bank for services, seek all services you might eventually need from that bank at the time you open the account. After the implementation timeframe of CRD VI you will be disallowed from availing of new service offers if they are offered to you by the bank and not solicited by yourself. Maintaining a record of all banking transactions and correspondence is, of course, essential advice.
Good addition, John, and it comes straight out of Article 21c(3).
The wording is that your initiative doesn't entitle the bank to market "other categories of products, activities or services than those that the client had solicited." So asking for the full set at onboarding is the safe route.
Two things I'd add:
1) That same paragraph keeps the door open for anything "necessary for, or closely related to" what you originally asked for, including when it arrives later. A card attached to the account you already opened is not a new category.
2) The restriction is with the bank, exactly as your first line says. You can still go back and ask for something new yourself. What the law stops is the bank putting a new product category in front of you.
Just to note, Directive (EU) 2024/1619 (CRD VI) regulates banks, not consumers' rights with banks. While the take-away advice is to open the bank accounts one needs prior to emigrating from the U.S., the better advice is to (1) open those accounts *taking care to subscribe to all services that one might need over the course of time*, e.g., current account/chequing, savings, debit/credit cards, etc., or (2) once abroad, when approaching a non-E.U. bank for services, seek all services you might eventually need from that bank at the time you open the account. After the implementation timeframe of CRD VI you will be disallowed from availing of new service offers if they are offered to you by the bank and not solicited by yourself. Maintaining a record of all banking transactions and correspondence is, of course, essential advice.
Good addition, John, and it comes straight out of Article 21c(3).
The wording is that your initiative doesn't entitle the bank to market "other categories of products, activities or services than those that the client had solicited." So asking for the full set at onboarding is the safe route.
Two things I'd add:
1) That same paragraph keeps the door open for anything "necessary for, or closely related to" what you originally asked for, including when it arrives later. A card attached to the account you already opened is not a new category.
2) The restriction is with the bank, exactly as your first line says. You can still go back and ask for something new yourself. What the law stops is the bank putting a new product category in front of you.
😂