Payment Accounts Directive (PAD): overview | Practical Law

Payment Accounts Directive (PAD): overview | Practical Law

This note provides an overview of the Payment Accounts Directive (2014/92/EU) (PAD). The PAD introduced measures that banks and other payment service providers must comply with regarding the comparability of fees related to payment accounts, payment account switching and offering access to payment accounts with basic features to all EU consumers. EU member states had to implement the PAD by 18 September 2016.

Payment Accounts Directive (PAD): overview

Practical Law UK Practice Note 9-532-2487 (Approx. 23 pages)

Payment Accounts Directive (PAD): overview

by Practical Law Financial Services
Maintained • European Union
This note provides an overview of the Payment Accounts Directive (2014/92/EU) (PAD). The PAD introduced measures that banks and other payment service providers must comply with regarding the comparability of fees related to payment accounts, payment account switching and offering access to payment accounts with basic features to all EU consumers. EU member states had to implement the PAD by 18 September 2016.