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Five Danish banks failed to comply with basic payment accounts rules

A man sits alone on a bench in the Copenhagen harbor in Denmark.
Photo: Getty Images

The Danish Financial Supervisory Authority found a number of deficiencies and violations among five of the investigated banks.

Five Danish banks have received orders after findings of insufficient compliance with the rules for basic payment accounts.

Finanstilsynet, the Danish Financial Supervisory Authority, has investigated how nine financial institutions handle consumers’ statutory right to a basic payment account, and found “a lot to correct.” The investigation began after learning