The Payments Accounts Directive has been published in the Official Journal of the European Union. By 18 September 2016, Member States must adopt and publish the laws, regulations and administrative provisions necessary to comply with the Directive. Member States shall apply these measures from the same date.
The Directive introduces measures that banks and others will need to comply with on fee transparency and providing standard form information to customers so they can compare accounts. It also aims to facilitate account switching and ensure that basic bank accounts are available to vulnerable EU residents.
