Like all resolutions on business policy passed by the Deutsche Bundesbank, the principles for cashless payments are laid down by the Central Bank Council of the Deutsche Bundesbank to the extent set out in ECB Guidelines and Instructions. Pricing is based on the cost covering principle. The Deutsche Bundesbank supports efficient procedures, for example by charging higher fees for the more complex exchange of data media than for submissions by data telecommunication. Non-banks are charged EUR 15 per month for account management (for further information on prices see Section 3). The current accounts of banks are managed free of charge
