overdraft facility

Payment Accounts Directive, Article 2(25) First adopted 2014-07-23

an explicit credit agreement whereby a payment service provider makes available to a consumer funds which exceed the current balance in the consumer’s payment account

CCD2, Article 3(18) Own wording adopted 2023-10-18

an explicit credit agreement whereby a payment service provider creditor makes available to a consumer funds which exceed the current balance in the consumer’s payment current account

Compared with Payment Accounts Directive: struck words are only in Payment Accounts Directive, marked words only here.