--- title: "EBA Q&A 2022_6611 — Q&A — Payment account [Final Q&A]" shortTitle: "EBA Q&A 2022_6611 — Q&A — Payment account [Final Q&A]" answer_id: EBA_QA_2022_6611 status: "Final Q&A" type: qa instrument_type: qa authority: EBA binding: false binding_character: non_binding legal_status: in_force regulation: "PSD2" psd2_level3: true mica_level2: false legal_basis: "Article 18 PSD2" date: 11 October 2024 source_link: https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2022_6611 lifecycle: "Final Q&A" text_version: "EBA Q&A register, 11 October 2024" source_url: "https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2022_6611" check_status: matched verified: true last_checked: 2026-10-26 checked_against: "the EBA publication" source: prepared_by: "European Commission" published_by: "EBA" published_in: "EBA Single Rulebook Q&A tool" evidence: prepared_by: "Answer prepared by the European Commission because it is a matter of interpretation of Union law." locator: "EBA Q&A register entry 2022_6611, field 'Answer prepared by'" document_type: "qa_answer" legal_nature: "not_legislation" addressees: "not stated in the document" dates: published_on: "2024-10-11" question_submitted_on: "2022-10-17" locators: published_on: "EBA Q&A register entry 2022_6611, field 'Final publishing date'" question_submitted_on: "EBA Q&A register entry 2022_6611, field 'Submission date'" lifecycle_label: "Final Q&A" --- **Answer prepared by the European Commission, published in the EBA Q&A tool · not legislation · published 11 Oct 2024 [Final Q&A]** *Final Q&A · EBA Q&A register, 11 October 2024 · Checked against the EBA publication on 26 Oct 2026 · [Official source](https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2022_6611)* | | | |---|---| | **Full title** | EBA Q&A 2022_6611 — Q&A — Payment account \[Final Q&A\] | | **Prepared by** | European Commission | | **Published by** | EBA, in the EBA Single Rulebook Q&A tool | | **Reference** | EBA_QA_2022_6611 | | **Document type** | Q&A | | **Legal nature** | Not legislation | | **Addressees** | Not stated in the document | | **Dates** | Published 11 October 2024; question submitted 17 October 2022 | | **Legal basis** | Article 18 PSD2 | | **Related instruments** | None recorded | | **Text on this page** | Word for word — the full text of the EBA publication | **Payment account** ### Question What is the difference between payment account, e-money account and a bank account (account held at the credit institution) in terms of allowed transactions? Is it possible to hold funds on a payment account to make future payment transactions? Is it possible to receive the salary on a payment account, if this account is not an e-money account or an account held by a credit institution, which constitute a deposit or other repayable fund? ### Background According to the PSD2, payment account is an account held in the name of one or more payment service users which is used for the execution of payment transactions. According to Article 18 of the PSD2, where payment institutions engage in the provision of one or more payment services, they may hold only payment accounts which are used exclusively for payment transactions. Any funds received by payment institutions from payment service users with a view to the provision of payment services shall not constitute a deposit or other repayable funds within the meaning of Article 9 of Directive 2013/36/EU, or electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC. *** ### Answer A payment account may contain either e-money or scriptural money. It is technically challenging for one single payment account to contain both types of funds while keeping them distinct. Transfer of funds from a payment account containing e-money to a payment account containing scriptural money in principle requires redemption of the e-money funds. The activities of e-money Institutions are not restricted to e-money, as Article 6(1)(a) of the E-Money Directive provides that a license as an E-Money Institution also authorises all payment services listed in the Annex to the second Payment Services Directive. Although only an E-Money institution or a credit institution may issue e-money, any type of Payment Service Provider or PSP (including a payment institution, an e-money institution or a credit institution) may service an account containing e-money or containing scriptural funds (this was confirmed in the ECJ judgement in the case “ABC Projektai”). A payment account containing e-money can only receive salary payments if the salary is directly paid in e-money or converted from scriptural funds to e-money before receipt on that account. Disclaimer: The answers clarify provisions already contained in the applicable legislation. They do not extend in any way the rights and obligations deriving from such legislation nor do they introduce any additional requirements for the concerned operators and competent authorities. The answers are merely intended to assist natural or legal persons, including competent authorities and Union institutions and bodies in clarifying the application or implementation of the relevant legal provisions. Only the Court of Justice of the European Union is competent to authoritatively interpret Union law. The views expressed in the internal Commission Decision cannot prejudge the position that the European Commission might take before the Union and national courts. *** **Source:** [EBA original document](https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2022_6611) ## Related Level 1 articles - [Article 18 — Activities](../../../articles/18.md)