Definitions › Consumer protection (English)
overrunning
Defined in 2 EU acts of the Consumer protection group: Payment Accounts Directive First CCD2 Own wording
Payment Accounts Directive, Article 2(26) First adopted 2014-07-23
a tacitly accepted overdraft whereby a payment service provider makes available to a consumer funds which exceed the current balance in the consumer’s payment account or the agreed overdraft facilityCCD2, Article 3(19) Own wording adopted 2023-10-18
a tacitly accepted overdraft whereby a payment service provider creditor makes available to a consumer funds which exceed the current balance in the consumer’s payment current account or the agreed overdraft facility
Compared with Payment Accounts Directive: struck words are only in Payment Accounts Directive, marked words only here.