Directive on payment accounts (PAD)

Official name

Directive of the european parliament and of the council on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features (Payments Accounts Directive - PAD)

Type

Directive

Level 1

Initiator

EU

Submitted

08.05.2013

Doc. code

2014/92

Summary

Status

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Current version

Final version

23.07.2014

Next step

Entry into force

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Application date

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Scope

Relevant for

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Level 1

Regulation laying down the technical rules and business requirements for credit transfers and acceptance giros (binding, Main version, Amendment, EU)

Act on the implementation of the payment account directive (Zahlungskontengesetz - ZKG) (binding, Main version, DE)

Level 2

Standardised presentation format of the fee information document (binding, Supplement, EU)

Standardised terminology for most representative services linked to a payment account (binding, Supplement, EU)

Standardised format of statement of fees and symbols under the PAD (binding, Supplement, EU)

Consumer Payment Account Act-Service Regulation (VZKDV) (binding, AT)

Level 3 / Other

Standardisation of fee terminology for payment accounts in the EU (non-binding, EU)

Temporary protection of displaced persons from Ukraine - access to basic payment accounts for refugees (binding, EU)

EBA - Final Q&A: PAD - Payment accounts (binding, EU)