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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

You are viewing the version of the document as on 2021-01-01.

Article 13 Presentation of packages of services linked to a payment account charged separately from fees under the sub-heading General account services

  1. (1)

    Where a payment service provider offers a package of services linked to a payment account with the account and that package is charged separately from any fees under the sub-heading "General account services" for general account services as referred to in the table listing services and fees, payment service providers shall include the following information in the table on package of services:

    1. (a)

      in the column on package of services, the brand name, if applicable, or the content the package, by deleting the square brackets;

    2. (b)

      in the "Fee" column, the fee charged for the package as a whole for the period of the statement of fees, right aligned;

    3. (c)

      in the third column, the number of times the package fee was charged during the relevant period.

    Any additional fee charged for any service exceeding the quantity covered by the package fee shall be disclosed in the table on service and fees as referred to in Articles 10 and 11.

  2. (2)

    Where the package is charged with regular frequency, the frequency shall be displayed in the "Fee" column and left aligned, with the total annual cost displayed on the line directly underneath the frequency, in bold type and using the wording "Total annual cost".

  3. (3)

    Where different packages incur different fees during the relevant period, the information listed in paragraph 1 shall be provided for each package in a separate table.

  4. (4)

    Payment service providers shall delete the entire table, including the heading "Detail of the fees included in the package of service", if a package of services is not provided with the account or if the package of services offered with the account is charged as part of the fee for any general account services.

  5. (5)

    Where the number of all services in the package is not limited, or where quantities of services covered by the package of services have not been exceeded, payment service providers shall delete the statement at the bottom of the table that reads "Services beyond these quantities have been charged separately".