(1) In this section -
"account holder" in relation to a basic payment account, means the person in whose name the account is held;
"basic payment account" means a card account - (a) which is issued only to an account holder who in the period of financial exclusion - (i) did not hold a card account, or (ii) held a card account but no account holder-initiated transactions occurred on that account in the period of financial exclusion, (b) where, in respect of every 2 consecutive quarters, all amounts paid into the card account, other than amounts paid to the account holder by electronic funds transfer under the Social Welfare Acts, do not exceed €4,500 (in this section referred to as the "threshold amount") in each quarter, and (c) which is a standard bank account with one of the following: (i) Allied Irish Banks plc; (ii) the Governor and Company of the Bank of Ireland; (iii) permanent tsb plc;
"Capital Requirements Regulation" means Regulation (EU)
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