Payment Accounts Policy

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Directive 2014/92 / EU

Title: Directive 2014/92 / EU of the European Parliament and of the Council of 23 July 2014 on the comparability of payment account fees, switching payment accounts and access to payment accounts with basic functions
Designation:
(not official) 		Payment Accounts Policy
Scope: EEA
Legal matter: Banking
Basis: TFEU , in particular Article 114
Procedure overview: European Commission
European Parliament
IPEX Wiki
Come into effect: 17th September 2014
To be
implemented in national law by: 		18th September 2016
Implemented by: Germany
Act to implement the directive on the comparability of payment account fees, switching payment accounts and access to payment accounts with basic functions Federal Law Gazette 2016 I p. 720
Reference: OJ L 257 of August 28, 2014, pp. 214–246
Full text Consolidated version (not official)
basic version
The regulation must have been implemented in national law.
Please note the information on the current version of legal acts of the European Union !

The Payment Accounts Directive (Directive 2014/92 / EU) should:

  • the comparability of payment account fees,
  • the change of payment accounts and
  • access to payment accounts with basic functions ( basic account )

will become harmonized and more consumer-friendly in the European Union . Union member states can maintain or adopt stricter provisions for the purpose of consumer protection, provided that these provisions are in line with their obligations under Union law.

history

Basic requirements for the transparency of payment service providers were already set in Directive 2007/64 / EC (Payment Services Directive). The European Commission already formulated the demand for a cheap payment account for everyone in the Internal Market Act I.

To further improve and strengthen the EU's internal market , further steps were necessary, which were taken with this directive, among other things. The European Parliament adopted the recommendations to the resolution of 4 July 2012 European Commission expressed to take even more so that the internal market is improved for private clients and developed. Above all, the lack of transparency and comparability of the fees as well as the difficulties in switching payment accounts were criticized.

The banking industry has advocated self-regulation at Union level (self-regulation initiative), but no final agreement could be reached on this. In 2008 the European Banking Industry Committee drew up “Common Principles for a Model Mechanism for Switching Between Payment Accounts at Banks” that are located in the same Member State. However, these were not binding and were applied inconsistently across the Union. They also hardly had any effect and only concerned changes of payment accounts in a Union Member State, but not cross-border changes of accounts. In Recommendation 2011/442 / EU, the Commission asked the Member States of the Union to take the necessary measures to ensure the application of the recommendation no later than six months after its publication with regard to access to a basic bank account. However, only a few EU member states have followed this recommendation, which is why Directive 2014/92 / EU was ultimately considered necessary.

The author of an own-initiative report and negotiator for the Payment Accounts Directive was Jürgen Klute in his function as a member and coordinator of the European left-wing group GUE / NGL in the Economic and Monetary Committee of the European Parliament and a deputy member of the Budget Committee of the European Parliament.

Scope of the Directive

Spatial scope

The scope of Directive 2014/92 / EU on the comparability of payment account fees, switching payment accounts and access to payment accounts with basic functions extends to the EU member states and the other member states of the EEA .

Organizational scope

The provisions of Directive 2014/92 / EU on the comparability of fees and payment account switching apply to all payment service providers within the meaning of Directive 2007/64 / EC. The provisions of this guideline on access to payment accounts with basic functions (basic account, everyone's account) only apply to credit institutions (KI).

According to Article 1 Paragraph 5 of Directive 2014/92 / EU, the member states can decide that this Directive does not apply or is only partially applicable to companies in accordance with Article 2 Paragraph 5 of Directive 2013/36 / EU. According to Art 2 Para. 5 of RL2013 / 36 / EU this does not apply:

  • for certain investment firms (see Directive 2004/39 / EC),
  • Central banks,
  • Postgiro ​​Offices and
  • the in Art 2 para. 5 no. 4 to 23 of Directive 2013/36 / EU expressly excluded institutions.

scope of application

Directive 2014/92 / EU, according to Art. 1 Paragraph 6, covers all payment accounts that give consumers (including payment service users, ZDN) the opportunity to carry out the following payment transactions:

  • the deposit of funds into a payment account;
  • withdrawing cash from a payment account;
  • the execution and receipt of payment transactions, including transfers, to and from third parties.

Accounts with restricted functions are therefore generally excluded from Directive 2014/92 / EU. These are for example:

  • Savings accounts,
  • Credit card accounts into which sums of money are usually deposited solely for the purpose of paying off credit card debts,
  • Mortgage current accounts ("current account mortgages") or
  • E-money accounts,
  • Accounts owned by companies, including small and micro enterprises (SMEs), unless they are accounts in the name of the owner of the small and micro enterprise ( ad personam ).

If these above-mentioned accounts are not used daily for payment transactions, they are also exempt from the policy. The Union member states can also extend the scope of application to the accounts not mentioned in Directive 2014/92 / EU, for example to accounts with more limited payment functions.

Legal basis

The adoption of Directive 2014/92 / EU was based in particular on Article 114 TFEU (measures to approximate legal and administrative provisions of the Union member states, which have the establishment and functioning of the internal market as their object).

Structure of Directive 2014/92 / EU

Directive 2014/92 / EU has the following structure:

  • CHAPTER I SUBJECT MATTER, SCOPE AND DEFINITIONS
    • Article 1 Subject matter and scope
    • Article 2 Definitions
  • CHAPTER II COMPARABILITY OF FEES BILLED FOR PAYMENT ACCOUNTS
    • Article 3 List of the most representative nationally chargeable services associated with a payment account and standardized terminology
    • Article 4 Fee information and glossary
    • Article 5 Statement of Fees
    • Article 6 Information for consumers
    • Article 7 Comparison websites
    • Article 8 Payment accounts bundled with other products or services
  • CHAPTER III CHANGE OF ACCOUNTS
    • Article 9 Provision of an account switching service
    • Article 10 Account Switching Service
    • Article 11 Facilitation of cross-border account opening for consumers
    • Article 12 Fees for the account switching service
    • Article 13 Financial losses to consumers
    • Article 14 Information on the Account Switching Service
  • CHAPTER IV ACCESS TO PAYMENT ACCOUNTS
    • Article 15 Non-Discrimination
    • Article 16 Right of access to a payment account with basic functions
    • Article 17 Characteristics of a payment account with basic functions
    • Article 18 Charges
    • Article 19 Framework agreements and termination
    • Article 20 General information about payment accounts with basic functions
  • CHAPTER V COMPETENT AUTHORITIES AND ALTERNATIVE DISPUTE RESOLUTION
    • Article 21 Competent Authorities
    • Article 22 Obligation to cooperate
    • Article 23 Settlement of disputes between competent authorities of different Member States
    • Article 24 Alternative dispute resolution
    • Article 25 Mechanism in the event of denial of access to a payment account for which fees are charged
  • CHAPTER VI SANCTIONS
    • Article 26 Sanctions
  • CHAPTER VII FINAL PROVISIONS
    • Article 27 Evaluation
    • Article 28 Review
    • Article 29 Implementation
    • Article 30 Entry into force
    • Article 31 Addressees

terminology

As the different naming of one and the same services and information or in different formats by payment service providers can lead to consumers not being able to understand the fees and thus not being able to compare offers from different payment service providers and make informed decisions about which payment account suits their needs Most likely, it is necessary to use standardized terminology in combination with targeted fee information in a uniform format for the most representative services associated with a payment account.

In the first phase, the pay terminology is only to be standardized in relation to the terms and definitions most commonly used in the Union Member States (EEA Member States), whereby the terminology can be determined by the Union Member States so that the specifics of local markets can be taken into account. Subsequently, with regard to services that are common to a majority of the Member States, the terminology used to define these services is to be standardized at Union level in order to make payment account offers easier to compare across the Union. In order to ensure a sufficient degree of homogeneity in the national lists, the European Banking Authority (EBA) established by Regulation EU / 1093/2010 will issue guidelines to help Member States identify the services at national level that are particularly strong and which generate the highest cost to consumers. Subsequently, a provisional list of the most representative services subject to charge at national level as well as the relevant terms and definitions are to be drawn up and, finally, final lists are to be published on this basis, which contribute to harmonization.

According to Article 6 of Directive 2014/92 / EU, payment service providers can continue to use their own company product names in the fee information and in the fee schedule, provided that these company product names are in addition to those in the list in accordance with Article 3 Paragraph 5 of Directive 2014/92 / EU standardized terms to be created are used and represent only a subordinate designation for these services. This also applies to the contractual, business and marketing information of the payment service providers.

Independent comparison websites

Independent comparison websites are intended to enable consumers to find out about the respective advantages of various payment account offers in one place. With regard to the information and data provided, such websites must:

  • be freely accessible
  • be trustworthy, impartial and transparent and
  • operated independently of payment service providers and
  • consumers must be informed of the availability of such websites. To this end, the EU member states should inform consumers about such websites and guarantee free access.

Payment account

Non-discrimination

Consumers legally resident in the Union who wish to open a payment account

It is forbidden for companies to create visible discrimination, such as

  • by a different design of the card or
  • a different account number or
  • a different card number
  • or certain credit institutions / branches

by which holders of basic accounts / everyone accounts can be identified or stigmatized.

Basic account

The opening and use of a payment account with basic functions (basic account / everyone's account) must be carried out in accordance with this Directive in accordance with Directive 2005/60 / EC (EU Anti-Money Laundering Directive) (see Article 1 Paragraph 7 and Article 16 to 20 of Directive 2014/92 / EU).

Consumers must be informed comprehensively and free of charge about the options for setting up a payment account with basic functions (Article 20 of Directive 2014/92 / EU). This also applies in particular to mobile consumers who have no account, are in need of protection (e.g. homeless poverty migrants).

Eligible

All consumers, Union citizens and third country nationals as well as asylum seekers legally resident in the Union, regardless of the consumer's financial situation, such as

  • Employment status,
  • Amount of income,
  • drawn loans or
  • completed personal bankruptcy,

Access to a payment account with basic functions (basic account / everyone's account) must be enabled and guaranteed, whereby the credit institutions must process applications for opening a payment account with basic functions within the deadlines specified in Directive 2014/92 / EU (10 business days) .

Consumers without a permanent address, asylum seekers and consumers without a residence permit, but who cannot be deported for legal or factual reasons, must help the EU member states to fully enjoy Directive 2014/92 / EU.

The EU Member States can require consumers to demonstrate a “genuine interest” in such an account. However, this is only possible if the fundamental rights guaranteed by the contracts are fully observed and that the exercise of this right is not associated with excessive difficulties or burdens for consumers (Article 16 (2) subparagraph 2 of Directive 2014/92 / EU).

If the opening of a basic account is refused, the consumer must be informed of the specific reasons within ten business days (Art 16 Paragraph 3 and Paragraph 7 of Directive 2014/92 / EU), unless such a notification would be contrary to national security, public order or Directive 2005/60 / EC.

Basic account provider

The EU member states can oblige certain credit institutions (compulsory contract , Art 16 para. 1 RL 2014/92 / EU) to offer payment accounts with basic functions, whereby the number must be sufficient to ensure accessibility for all consumers.

Scope of services of the basic account

Services

According to Article 17 of Directive 2014/92 / EU, certain services must be associated with a payment account with basic functions in a limited or unlimited number of processes so that this account can be used effectively. This includes e.g. B.

  • the possibility of depositing funds and
  • withdrawing cash,
  • Enabling of essential payment transactions such as the receipt of wages or salaries or other services,
  • paying bills or taxes as well
  • the purchase of goods and services, including by direct debits, transfers or with a payment card,
  • the online purchase of goods and services,
  • Payments via the credit institution's online system (if any).

However, a basic feature payment account should not be limited to online use, as this can be an obstacle for consumers without internet access. When determining the services to be offered in a payment account with basic functions and the minimum number of transactions to be included, national specificities can be taken into account.

The payment account with basic functions must be made available in at least the local currency.

In principle, access to a payment account with basic functions in accordance with Article 16 (9) of Directive 2014/92 / EU may not be made dependent on the acquisition of additional services or shares in the bank, unless the acquisition of shares is required by all customers of the bank (e.g. with certain credit unions ).

Overdraft facility

The Union Member States may allow credit institutions to provide an overdraft facility in connection with a payment account with basic functions at the consumer's request. They must determine the maximum amount and the maximum duration of such an overdraft and ensure that Directive 2008/48 / EC is complied with.

Directive 2014/92 / EU differentiates between “overdraft options” and “overdraft”. An overdraft option is an expressly agreed credit agreement in which a payment service provider provides the consumer with amounts that exceed the current balance on the current payment account of the consumer (Article 2 No. 25 Directive 2014 * 92 / EU). Overdraft, on the other hand, is a tacitly accepted overdraft, in which a payment service provider provides the consumer with amounts that exceed the current balance on the consumer's current payment account or the agreed overdraft option (Article 2 No. 26 Directive 2014/92 / EU).

Prohibition of erecting barriers

Credit institutions are also not allowed to erect barriers for consumers who want to take advantage of the internal market and open and use payment accounts across borders on suspicion that their customers are using the financial system for illegal purposes such as fraud, money laundering or terrorist financing. The provisions of Directive 2005/60 / EC must therefore not be used as a pretext to reject economically less interesting consumers.

Nor may the opening of a basic account be refused because the procedure for checking the consumer's compliance with legal provisions is too complex or expensive ( know your customer ).

costs

The Union Member States must ensure that payment accounts with basic functions are offered free of charge or against payment of a reasonable fee.

Termination option by credit institutions

Credit institutions can terminate a contract for a basic account in writing (with the exception of two months' notice), for example

  • in the event of non-compliance with the legislation on money laundering and terrorist financing or
  • on the prevention and investigation of criminal offenses if the consumer does not comply with the relevant legal provisions, or
  • if a consumer abuses his right to open and use a payment account with basic functions or
  • does not use the account for 24 consecutive months or
  • the consumer is no longer legally resident in the Union.

Payment account switch

"Account change" or "Account change service" is according to Article 2 no. 18 of Directive 2014/92 / EU, the transfer from one payment service provider to another at the request of a consumer, with or without closing the previous payment account.

A uniform procedure for switching payment accounts is being introduced across the Union. In future, an appropriate level of consumer protection should be guaranteed in all EU member states.

The procedure for switching accounts must not involve excessive bureaucratic and financial effort, which is why the directive requires national legislators that payment service providers give consumers a clear, fast and secure procedure for switching payment accounts, including payment accounts with basic functions (basic account / Everyone's account). The fees charged for the account switch must be appropriate and based on the actual costs of the payment service provider.

In order to simplify the procedure when switching accounts as much as possible, the EU Member States can impose additional instruments on payment service providers. So z. B. that transfers received on the previous payment account are automatically or manually diverted to the new payment account.

Alternative dispute settlement procedure

Through effective and efficient alternative dispute resolution procedures (see ADR Directive ) for the settlement of disputes, consumers should have the option of legal protection both during an ongoing contractual relationship with a payment service provider and in the event of disputes in the pre-contractual phase. This is the case, for example, when consumers are denied access to a payment account with basic functions. However, the consumer can also assert his rights in civil proceedings (Art 16 Para. 10 and Article 25 of Directive 2014/92 / EU).

information

Fee information / glossary before signing a contract

In the future, payment service providers will have to provide consumers with fee information and a glossary before concluding a contract, which will contain the fees for all services that are included in the list of the most representative services associated with a payment account at national level. This fee information should use the standardized terms and definitions that are defined at Union level.

Annual statement of charges

Consumers must be informed by the payment service providers at least once a year subsequently ( ex post ) and free of charge of all charges debited to their payment account, including, if applicable, the overdraft interest rate and the credit interest rate. In order to make the respective fee information of the payment service providers on payment accounts correct, clear and comparable, the same standardized format should be used in all Union member states for the presentation of the fee information and the fee statement as well as the common symbols.

Combination offers

According to Article 8 of Directive 2014/92 / EU, payment service providers must offer the consumer a payment account as part of a package in combination with another product or service that is not part of the actual payment account service clarifies whether it is also possible to purchase the payment account separately and, if so, provide separate information about the costs and fees that are incurred for the other products and services included in the package, which can be purchased separately .

Information obligation of the EU member states

According to Article 27 of Directive 2014/92 / EU, the Union member states have to send the European Commission regular information on various aspects of Directive 2014/92 / EU. This also includes

  • the number of credit institutions that offer payment accounts with basic functions,
  • the number of such accounts opened and
  • the percentage of rejected applications for a payment account with basic functions.

Sanctions against payment service providers

The sanctions against payment service providers who violate the directive or the national legal provisions enacted to implement this directive must be effective, proportionate and dissuasive (Article 26 (1) Directive 2014/92 / EU). The Union Member States must also provide that the competent authority can publicize any sanction to be imposed during the administrative procedure that is imposed in the event of a breach of the provisions enacted under this Directive, provided that such notification does not seriously jeopardize the stability of the financial markets and does not jeopardize the parties involved causes disproportionately high damage (Article 26 Paragraph 2 Directive 2014/92 / EU).

Implementation of the RL

In accordance with Article 29 of Directive 2014/92 / EU, the implementation of the directive must be carried out by September 18, 2016. Some provisions, such as B. Article 3 of Directive 2014/92 / EU (from September 17, 2014) must also be applied beforehand or can be voluntarily implemented earlier by the Union member states. The directive has been implemented in all 28 EU countries

With Art. 1 of the Act to Implement the Directive on the Comparability of Payment Account Fees, Switching Payment Accounts and Access to Payment Accounts with Basic Functions of April 11, 2016, the Payment Accounts Act (ZKG), the right to a basic account contract was introduced in Germany in Austria with the Consumer Payment Account Act (VZKG) the so-called payment account.

Web links

Individual evidence

  1. ↑ Official long title: DIRECTIVE 2014/92 / EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 23 July 2014 on the comparability of payment account fees, switching payment accounts and access to payment accounts with basic functions (OJ EU No. L 257, 214 bis 246).
  2. ↑ See also Article 1 and Recitals 11 and 56 of Directive 2014/92 / EU.
  3. ↑ Directive 2007/64 / EC of the European Parliament and of the Council of November 13, 2007 on payment services in the internal market, amending Directives 97/7 / EC, 2002/65 / EC, 2005/60 / EC and 2006/48 / EC and to repeal Directive 97/5 / EC, OJ L 319, 1.
  4. ↑ For the definition of what a payment service provider is, see Article 4 Number 9 of Directive 2007/64 / EC (Payment Services Directive) and also recitals 2 and 3 of Directive 2014/92 / EU.
  5. ↑ Kom (2011) 206 final.
  6. ↑ See also recitals 4 to 7, 9 and 10, 13 of Directive 2014/92 / EU.
  7. ↑ Recommendation 2011/442 / EU of the Commission of July 18, 2011 on access to an account with basic payment functions ("basic account"), OJ L 190, 87.
  8. ↑ See Recital 8 of Directive 2014/92 / EU.
  9. ↑ See long title of the guideline.
  10. ↑ For the definition of what a credit institution is, see Article 4 Paragraph 1 Number 1 of Regulation EU / 575/2013 (OJ L 176, 1) and Recital 12 of Directive 2014/92 / EU.
  11. ↑ Directive 2013/36 / EU of the European Parliament and of the Council of June 26, 2013 on access to the activity of credit institutions and the supervision of credit institutions and investment firms, amending Directive 2002/87 / EC and repealing Directive 2006/48 / EG and 2006/49 / EG, ABl. L 176, 338.
  12. ↑ These are e.g. B. in Germany the "Kreditanstalt für Wiederaufbau", companies that are recognized as organs of state housing policy due to the non-profit housing law and do not predominantly conduct banking business, as well as companies that are recognized as non-profit housing companies on the basis of this law. In Austria companies that are recognized as non-profit building associations and the "Österreichische Kontrollbank AG". In the Netherlands the "Nederlandse Investeringsbank voor Ontwikkelingslanden NV", the "NV Noordelijke Ontwikkelingsmaatschappij", the "NV Industriebank Limburgs Instituut voor Ontwikkeling en Financiering" and the "Overijsselse Ontwikkelingsmaatschappij NV", 17.
  13. ↑ "Consumer" is according to Article 2 no. 1 of Directive 2014/92 / EU: any natural person who acts for purposes that cannot be attributed to their commercial, business, craft or professional activity .
  14. ↑ See Article 1, Paragraph 6 and Recital 12 of Directive 2014/92 / EU.
  15. ↑ Chapters I, V to VII apply to both payment service providers and credit institutions.
  16. ↑ According to Recital 14 of Directive 2014/92 / EU, the definitions contained in this directive should correspond as far as possible to those in other legislative acts of the Union, in particular those in Directive 2007/64 / EC and in Regulation (EU) No. 260 / 2012 (OJ L 94, 22) of the European Parliament and of the Council.
  17. ↑ Chapters II and III apply to payment service providers in accordance with Article 1 Paragraph 3 of Directive 2014/92 / EU.
  18. ↑ According to Article 1 Paragraph 4 of Directive 2014/92 / EU, Chapter IV only applies to credit institutions. The EU member states can, however, decide on their own initiative that Chapter IV also applies to payment service providers that are not credit institutions.
  19. ↑ See Article 3 and Recital 15 of Directive 2014/92 / EU.
  20. ↑ See Recital 15 of Directive 2014/92 / EU.
  21. ↑ Adoption by the other EEA member states.
  22. ↑ See Recital 17 of Directive 2014/92 / EU.
  23. ↑ Regulation (EU) No. 1093/2010 of the European Parliament and of the Council of November 24, 2010 establishing a European Banking Authority , amending Decision No. 716/2009 / EC and repealing Decision 2009/78 / EC of the Commission , OJ L 331, 12.
  24. ↑ Recital 17 of Directive 2014/92 / EU.
  25. ↑ Recitals 18 and 21 of Directive 2014/92 / EU.
  26. ↑ The operation can be guaranteed by an authority and / or one or more private providers and also include other products.
  27. ↑ See Article 7 and Recitals 22 and 23 of Directive 2014/92 / EU.
  28. ↑ See on this term Article 2 no. 2 of Directive 2014/92 / EU.
  29. ↑ See Article 15 and Recitals 34 and 35 of Directive 2014/92 / EU.
  30. ↑ See Article 15 and Recital 38 of Directive 2014/92 / EU.
  31. ↑ a b c Directive 2005/60 / EC of the European Parliament and of the Council of October 26, 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, OJ L 309, 15.
  32. ↑ See e.g. B. Regulation EEC / 1408/71, RL 2003/109 / EC, Regulation EC / 859/2003, Directive 2004/38 / EC.
  33. ↑ See the Geneva Convention of July 28, 1951 on the Status of Refugees and the associated protocol of January 31, 1967 and other relevant international agreements.
  34. ↑ It is not possible to have several basic accounts for one and the same person. See also Article 16 (5) and (6) and Recital 42 of Directive 2014/92 / EU.
  35. ↑ See Articles 16 to 20 and Recitals 35 to 37 and 48 of Directive 2014/92 / EU.
  36. ↑ According to Article 2 no. 24 of Directive 2014/92 / EU, this means bank business days, i.e. days on which the respective payment service provider maintains the business operations necessary for the execution of payment transactions.
  37. ↑ Art 16 para. 3 of Directive 2014/92 / EU, Recital 43 of Directive 2014/92 / EU.
  38. ↑ See Articles 16 to 20 and Recital 39 of Directive 2014/92 / EU.
  39. ↑ See Article 16 Paragraph 4 and Paragraph 8 and Recital 43 of Directive 2014/92 / EU
  40. ↑ Recital 38 of Directive 2014/92 / EU.
  41. ↑ Certain processes / services in accordance with Article 17 Paragraph 1 Letter d, Numbers i and ii can e.g. B. for payment transactions with credit card and restricted, restricted in section iii.
  42. ↑ See Article 17 Paragraphs 1 and 4 for these specific processes / services in unlimited numbers and Article 17 Paragraph 5 in conjunction with Article 18 of Directive 2014/92 / EU for the appropriate remuneration.
  43. ↑ See also Article 17, Paragraph 6 of Directive 2014/92 / EU.
  44. ↑ See Article 16, Paragraph 1 and Recital 44 of Directive 2014/92 / EU.
  45. ↑ See Article 17, Paragraph 2 and Recital 44 of Directive 2014/92 / EU.
  46. ↑ Article 17 Paragraph 3 of Directive 2014/92 / EU.
  47. ↑ See Article 17, Paragraph 8 and Recital 40 of Directive 2014/92 / EU.
  48. ↑ Recital 35 of Directive 2014/92 / EU.
  49. ↑ Recital 47 of Directive 2014/92 / EU.
  50. ↑ The EU member states must determine at national level which costs are reasonable.
  51. ↑ See Article 18 and Recitals 45 and 46 of Directive 2014/92 / EU.
  52. ↑ See Article 19 and Recital 47 of Directive 2014/92 / EU.
  53. ↑ See Recital 25 of Directive 2014/92 / EU.
  54. ↑ See Articles 9 to 14 and Recitals 27 to 29, 31 of Directive 2014/92 / EU.
  55. ↑ Recitals 29 to 33 of Directive 2014/92 / EU.
  56. ↑ See Articles 24 and 25 and Recital 52 of Directive 2014/92 / EU.
  57. ↑ Compilation of standardized terms that are specified in the final list in accordance with Article 3 Paragraph 5 of Directive 2014/92 / EU, and which contain the corresponding definitions, so that the consumer can easily compare the fee information from several payment service providers in parallel.
  58. ↑ See Article 4 and Recital 19 of Directive 2014/92 / EU.
  59. ↑ This is without prejudice to the provisions on overdrafts in accordance with Directive 2008/48 / EC (OJ L 133, 66). See Article 5 of Directive 2014/92 / EU and Recital 19 of Directive 2014/92 / EU.
  60. ↑ See Recital 20 of Directive 2014/92 / EU.
  61. ↑ See Article 27 Paragraph 1 lit. d).
  62. ↑ National transposition measures of Directive 2014/92 / EU. Retrieved September 19, 2018 .
  63. ↑ Act to implement the directive on the comparability of payment account fees, switching payment accounts and access to payment accounts with basic functions ( BGBl. 2016 I p. 720 , PDF)
  64. ↑ Federal Law Gazette I No. 35/2016
  65. ↑ Erland Pirker: The new consumer payment account law website accessed on October 22, 2019.