{
  "url": "https://openlegislation.uk/eu-regulation-2009-924/article-3b",
  "json_url": "https://openlegislation.uk/eu-regulation-2009-924/article-3b.json",
  "legislation": "eur/2009/924",
  "legislation_title": "Regulation (EC) No 924/2009 of the European Parliament and of the Council of 16 September 2009 on cross-border payments in the Community and repealing Regulation (EC) No 2560/2001 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2009-924",
  "path": "article/3b",
  "kind": "article",
  "number": "3b",
  "heading": "Currency conversion charges related to credit transfers",
  "text": "1. When a currency conversion service is offered by the payer's payment service provider in relation to a credit transfer, as defined in regulation 2(1) of the Payment Services Regulations 2017, that is initiated online directly, using the website or the mobile banking application of the payment service provider, the payment service provider, with regard to regulations 43(1) and 48(1) (taken with paragraph 3 of Schedule 4) of the Payment Services Regulations 2017, shall inform the payer prior to the initiation of the payment transaction, in a clear, neutral and comprehensible manner, of the estimated charges for currency conversion services applicable to the credit transfer.\n2. Prior to the initiation of a payment transaction, the payment service provider shall communicate to the payer, in a clear, neutral and comprehensible manner, the estimated total amount of the credit transfer in the currency of the payer's account, including any transaction fee and any currency conversion charges. The payment service provider shall also communicate the estimated amount to be transferred to the payee in the currency used by the payee.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Inserted by Regulation (EU) 2019/518 of the European Parliament and of the Council of 19 March 2019 amending Regulation (EC) No 924/2009 as regards certain charges on cross-border payments in the Union and currency conversion charges (Text with EEA relevance)."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Art. 3b(1) substituted (31.12.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 72(6)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Art. 3b(1) substituted (31.12.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 72(6)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2009/924/article/3b",
    "retrieved_at": "2026-11-01T14:51:14.564909+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."
}