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Text as of 12 Jan 2016 · Consolidated version of 23 December 2015 · Same wording as today’s text.Today’s text

Article 56 — Information before execution of individual payment transactions

Financial servicesLevel 1DirectivePSD2In forceVerifiedOfficial source

In the case of an individual payment transaction under a framework contract initiated by the payer, a payment service provider shall, at the payer’s request for this specific payment transaction, provide explicit information on all of the following:

56(a)
(a)the maximum execution time;
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56(b)
(b)the charges payable by the payer;
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56(c)
(c)where applicable, a breakdown of the amounts of any charges.
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