{
  "url": "https://openlegislation.uk/draft-payment-accounts-regulations-2015/regulation-20",
  "json_url": "https://openlegislation.uk/draft-payment-accounts-regulations-2015/regulation-20.json",
  "legislation": "ukdsi/2015/9780111140697",
  "legislation_title": "The Payment Accounts Regulations 2015",
  "legislation_url": "https://openlegislation.uk/draft-payment-accounts-regulations-2015",
  "path": "regulation/20",
  "kind": "regulation",
  "number": "20",
  "heading": "Fees",
  "text": "(1) Subject to paragraph (2), a credit institution must not charge any fee for the services set out in regulation 19(1) when those services are provided as part of a payment account with basic features.\n(2) Where a credit institution provides any service set out in regulation 19(1) to a consumer in a currency other than sterling, the credit institution may charge a fee for that service provided that the fee charged is reasonable.\n(3) In determining whether a fee charged pursuant to paragraph (2) is reasonable, regard shall be given to the following criteria—\n(a) national income levels;\n(b) average fees charged by UK credit institutions in respect of the service.\n(4) Where a consumer holding a payment account with basic features—\n(a) authorises a payment transaction from the account; and\n(b) the payment transaction is not executed as a result of there being insufficient funds available,\nthe credit institution must not charge the consumer any fee.\n(5) Where there has been overrunning on a payment account with basic features, a credit institution must not charge the consumer any fee or any interest.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111140697/regulation/20",
    "retrieved_at": "2026-10-30T15:09:03.167623+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}