Guidelines on standardised fee terminology for payment accounts in the EU

These Guidelines are the first step towards developing standardised terminology across the EU and are developed in accordance with the EU Payment Accounts Directive. They will guide Competent Authorities (CAs) in EU Member States in the development of provisional lists of the most representative payment accounts services that are subject to a fee. EU competent authorities at national level will now be required to establish a provisional list of the most representative services of a payment account that are subject to a fee and offered by at least one Payment Service Provider (PSP) in their own jurisdictions.