CONSULT.Outcome publishedConsultation · gov.uk

Implementation of the EU payment accounts directive

This consultation invites views on the proposed steps that the government will take in order to make sure the UK meets its obligation to transpose the Payment Accounts Directive (2014/92/EU) (‘PAD’).

Last fetched 03 May 2026 · gov.uk

Detail

The Payment Accounts Directive sets common regulatory standards that Member States must meet in order to improve the transparency and comparability of fees related to current accounts; facilitate switching of those accounts; and ensure access to bank accounts with basic features.

The government is required to have implemented PAD in the United Kingdom by 18 September 2016.

This consultation invites views on how the EU Directive will be incorporated into UK law.

Read the news story on how this affects UK bank customers

Documents

Implementation of the EU payment accounts directive The Payment Account Regulations 2015 (draft)application/pdf Implementation of the EU payment accounts directive consultation responseapplication/pdf Impact assessmentapplication/pdf Payment Accounts Regulations 2015 draft legislationapplication/pdf