SCHEDULE 2Content and presentational format of the statement of fees

Regulation 10(4)

Compliance with implementing technical standardsF11

The statement of fees must comply with the requirements of—

a

Commission Implementing Regulation (EU) 2018/33 of 28 September 2017 laying down implementing technical standards with regard to the standardised presentation format of the statement of fees and its common symbol according to Directive 2014/92/EU of the European Parliament and of the Council, as amended from time to time; and

b

any technical standards made by the Authority under regulation 40A (technical standards) regarding a standardised presentational format of the statement of fees and its common symbol.

Content2

The statement of fees must—

a

state all fees incurred during the relevant period for services linked to a payment account;

b

where applicable, use the terms featured in the linked services list; and

c

be accurate, not misleading, and expressed in the currency of the payment account or, if agreed by the consumer and the payment service provider, in another currency.

Mandatory information3

1

The statement of fees must specify at least the following information—

a

the unit fee charged for each service and the number of times the service was used during the relevant period;

b

where the services are combined in a package—

i

the fee charged for the package as a whole;

ii

the number of times the package fee was charged during the relevant period; and

iii

the additional fee charged for any service exceeding the quantity covered by the package fee;

c

the total amount of fees incurred during the relevant period for—

i

each service;

ii

each package of services; and

iii

services exceeding the quantity covered by the package fee;

d

the overdraft and overunning interest rate or rates applied to the payment account during the relevant period;

e

the total amount of interest charged relating to the overdraft and overrunning during the relevant period;

f

the credit interest rate or rates applied to the payment account during the relevant period;

g

the total amount of interest earned during the relevant period; and

h

the total amount of fees charged for all services provided during the relevant period.

2

In this paragraph—

  • “overrunning” means a tacitly accepted overdraft whereby a payment service provider makes available to a consumer funds which exceed the current balance in the consumer’s payment account or any overdraft facility; and

  • “relevant period” means the period to which the statement of fees relates.

Presentational format4

The statement of fees must—

a

be presented and laid out in a way that is clear and easy to read, using characters of a readable size;

b

be written in English, or if agreed by the consumer and the payment service provider, in another language; and

c

contain the title “statement of fees” at the top of the first page of the statement next to the common symbol referred to in paragraph 1 to distinguish the document from other documentation.