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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 84 — Absence of payee’s payment account with the payment service provider

Financial servicesLevel 1DirectivePSD2In forceVerifiedOfficial source

Where the payee does not have a payment account with the payment service provider, the funds shall be made available to the payee by the payment service provider who receives the funds for the payee within the time limit laid down in Article 83.