S.L. 376.8 Art. 25Payment account with basic features.

(1) A payment account with basic features shall include the following services:

(a) services enabling all the operations required for the opening, operating, and closing of the payment account;

(b) services enabling funds to be placed in the payment account;

(c) services enabling cash withdrawals from the payment account within Malta and other Member States:

(i) at the counter of the publicly accessible premises of the credit institution, including any branches thereof, whether located in Malta or in any other Member State; and

(ii) at automated teller machines;

(d) execution of the following payment transactions in and outside Malta:

(i) payment transactions through the payment card, including online payments;

(ii) credit transfers, including standing orders, at, where available, terminals and counters and via the online facilities of the credit institution;

(e) execution of direct debits within the European Union.

(2) The services listed in sub-regulation (1) shall be offered by credit institutions to the extent that they already offer them to consumers holding payment accounts other than a payment account with basic features.