# The Payment Accounts Regulations 2015, Regulation 23: Eligibility criteria


(1) In order to be eligible for a payment account with basic features offered by a designated credit institution (“B”), a consumer must be legally resident in the European Union, and must either—
(a) not hold a payment account with any United Kingdom credit institution that has at least the features set out in regulation 19(1); or
(b) be ineligible for all payment accounts offered by B that are not payment accounts with basic features.
(2) For the purposes of paragraph (1)—
(a) consumers legally resident within the European Union include—
(i) consumers with no fixed address;
(ii) asylum seekers within the meaning of section 94 of the Immigration and Asylum Act 1999 (interpretation); and
(iii) consumers who have not been granted a residence permit but whose expulsion is impossible for legal or practical reasons;
(b) a consumer is not to be considered to hold a payment account where the consumer makes a declaration that the credit institution with which the payment account is held has given notice that the payment account is to be closed.
(3) A designated credit institution must verify whether a consumer falls within paragraph (1)(a), unless it chooses to rely on a declaration made by the consumer to that effect.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111140697/regulation/23 (the official version)
Page: https://openlegislation.uk/draft-payment-accounts-regulations-2015/regulation-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.