Regulatory Alerts2018-04-17
Payment Account Services List
The Central Bank of Ireland issued this document to define key terms under Regulation 3(1) of the European Union (Payment Accounts) Regulations 2016. It provides precise definitions for essential payment account services including cash withdrawals, credit transfers, direct debits, and overdraft facilities. The list also clarifies operational statuses such as unauthorized overdrafts, referral items, and unpaid items to ensure regulatory clarity.
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