Access to Payment Account Services at CRR Credit Institutions

(1) CRR credit institutions within the meaning of section 1(3d), first sentence of the Banking Act must grant institutions operating in Germany under a corresponding licence access to payment account services on an objective, non-discriminatory and proportionate basis. The access under the first sentence must be sufficiently extensive to allow the institution to provide its services in an unhindered and efficient manner. The CRR credit institution must notify BaFin of the refusal of access under the first sentence, giving a comprehensible statement of reasons.
(2) The provisions on combating money laundering and terrorist financing remain unaffected.