PART 4Access to payment accounts
Duty to offer a payment account with basic features22
1
A designated credit institution must offer a payment account with basic features to any consumer who—
a
applies for a payment account with basic features on or after 18th September 2016; and
b
meets the eligibility criteria set out in regulation 23.
2
Where a designated credit institution does not offer a service referred to in regulation 19(1) to consumers holding payment accounts with it which are not payment accounts with basic features, it is not required to offer that service as part of a payment account with basic features.