European Patent Office closes its Swiss correspondent account
The European Patent Office (EPO) currently maintains euro accounts in various member states for the purpose of fee payments. The EPO has recently communicated that it will close its account at the UBS AG Zurich at the end of August 2014. From 1 September 2014, payments to the EPO are to be paid to the following account:
IBAN DE20 7008 0000 0333 8800 00
The EPO emphasises that under the EU Directive on cross-border credit transfers, such transfers may not be subject to higher fees than domestic credit transfers. Several Swiss banks have adapted their fee regulations accordingly.
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