The Council of the EU has published a press release announcing that, in its configuration as the General Affairs Council, it has adopted the Payment Accounts Directive (PAD) at first reading. This is the version as published on 16 July 2014.

The Directive will enter into force on the twentieth day following the date of its publication in the Official Journal of the European Union (OJ). Member States will have two years to transpose the PAD into national law.

View Council adopts rules on payment services and account fees, 23 July 2014

View 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, 16 July 2014