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Regulation 260/2012/EU - SEPA RegulationRecitalsArticle 1 Subject matter and scopeArticle 2 DefinitionsArticle 3 ReachabilityArticle 4 InteroperabilityArticle 5 Requirements for credit transfer and direct debit transactionsArticle 5a Instant credit transfer transactionsArticle 5b Charges in respect of credit transfers and verification of the payeeArticle 5c Verification of the payee in the case of credit transfersArticle 5d Screening of PSUs by PSPs that offer instant credit transfers to verify whether a PSU is a person or entity subject to targeted financial restrictive measuresArticle 6 End-datesArticle 7 Validity of mandates and right to a refundArticle 8 Interchange fees for direct debit transactionsArticle 9 Payment accessibilityArticle 10 Competent authoritiesArticle 11 PenaltiesArticle 12 Out-of-court complaint and redress proceduresArticle 13 Delegation of powerArticle 14 Exercise of the delegationArticle 15 ReviewArticle 16 Transitional provisionsArticle 17 Amendments to Regulation (EC) No 924/2009Article 18 Entry into forceAnnex Technical Requirements (Article 5)Done at
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Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 8 April 2024 - onwards
Version 2 of 2

Article 5b Charges in respect of credit transfers and verification of the payee

1. Any charges levied by a PSP on payers and payees in respect of sending and receiving instant credit transfers shall not be higher than the charges levied by that PSP in respect of sending and receiving other credit transfers of corresponding type.

2. The services referred to in Article 5c shall be provided to all PSUs free of charge.

3.PSPs located in a Member State whose currency is the euro shall comply with this Article by 9 January 2025.

PSPs located in a Member State whose currency is not the euro shall comply with this Article by 9 January 2027.

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