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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.

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Article 14 Detail of interest paid on the account

  1. (1)

    Payment service providers shall display in the table "Detail of interest paid on the account" the interest paid by the payment account holder during the period covered by the statement of fees, where applicable.

  2. (2)

    Payment service providers shall display the interest rate in the column "Interest rate" and as a percentage applied on an annual basis. If the interest rate has changed during the relevant period, payment service providers shall list each interest rate that applied during each period on a separate line.

  3. (3)

    Payment service providers shall display in the column "Interest" the interest paid by a payment account holder, expressed in the currency of the account, in bold. If the interest rate has changed during the relevant period, payment service providers shall show the interest paid by the payment account holder separately for each of the relevant periods, each on a separate line.

  4. (4)

    Payment service providers shall display the resulting total amount of interest paid by the payment account holder during the relevant period, in bold, in row "Total interest paid".

  5. (5)

    Where no interest is paid by a payment account holder because no interest is applicable to the account, and where the inclusion of such information is enabled or required by the Payment Accounts Regulations (SI 2015/2038), payment service providers shall indicate it by words "interest not applicable", in lower case, left aligned, in bold, in row "Total interest paid".