Regulatory Alerts2025-11-18
Act on Payment Accounts and Basic Business Accounts
The Danish Ministry of Industry and the Financial Supervisory Authority issued this regulation to implement EU Directive 2014/92/EU, mandating transparent fee structures and standardized information for payment accounts. It establishes strict requirements for the provision of basic payment accounts for consumers and basic business accounts for enterprises, ensuring access to essential banking services. The law further regulates the portability of payment accounts, requiring providers to facilitate the transfer of standing orders and balances upon consumer request.
Share