Definitions › Consumer protection (English)
switching
Defined in 1 EU act of the Consumer protection group: Payment Accounts Directive First
Payment Accounts Directive, Article 2(18) First adopted 2014-07-23
upon a consumer’s request, transferring from one payment service provider to another either the information about all or some standing orders for credit transfers, recurring direct debits and recurring incoming credit transfers executed on a payment account, or any positive payment account balance from one payment account to the other, or both, with or without closing the former payment account