EU, banks agree on account switching code -sources

BRUSSELS, Oct 9 (Reuters) - The European Commission and banks have agreed on a voluntary industry code to make it easier for people to switch bank accounts, industry sources said on Thursday.

"I think there is an agrement between everybody concerned, the banking industry, Commission and consumers," a banking source involved in the talks said.

EU Internal Market Commissioner Charlie McCreevy wants to inject competition into the sector and bring down banking fees as part of wider moves to create a seamless single market in retail financial services.

McCreevy had threatened to legislate if banks failed to agree on a code. His spokesman had no comment. (Reporting by Huw Jones; Editing by Quentin Bryar)