LAW OF THE REPUBLIC OF MOLDOVA

of July 30, 2026 No. 170

About comparability of the commissions on payment accounts, change of payment accounts and access to payment accounts to the main services

The Parliament adopts this organic law.

This law shifts the Directive of the European parliament and Council (EU) 2014/92 of July 23, 2014 about comparability of the commissions on payment accounts, change of payment accounts and access to payment accounts to the main services, published in the Official magazine of the European Union by L 257 of August 28, 2014, CELEX: 32014L0092.

Chapter I. General provisions

Article 1. Subject and purpose of the law

(1) This law regulates the rights and obligations of consumers and payment service providers when rendering payment services on payment accounts, the mode of transparency and comparability of the fees charged from consumers for the payment accounts belonging to them, procedure for change of payment accounts and assistance to cross-border opening of such accounts for consumers, access to payment accounts with the main services and also supervision of activities of payment service providers regarding application and observance of provisions of this law.

(2) the Purpose of this law is establishment of the legal basis for strengthening of consumer protection and assistance of their financial integration by ensuring transparency and comparability of the commissions on payment accounts, simplification of the procedure of change of such accounts and guaranteeing access to payment accounts with the main services.

Article 2. Scope of the law

(1) Operation of this law extends to payment accounts by means of which consumers can perform at least the following transactions:

a) introduction of money into the payment account;

b) cash withdrawal of money from the payment account;

c) making for benefit of the third parties and acceptance from the third parties of payment transactions, including credit transfers.

(2) Provisions of Articles 4-24 are applied to payment service providers.

(3) Provisions of Articles 25-32 are applied to banks of the Republic of Moldova and departments of banks of foreign states created in the Republic of Moldova performing activities according to the Law on activities of banks No. 202/2017.

(4) Operation of this law does not extend to National Bank of Moldova and the State Treasury of the Ministry of Finance, and also to the services provided by them according to the legislation.

Article 3. Concepts

The concepts used in this law have the values provided by the Law on payment services and electronic money No. 114/2012 and the legislation on credit agreements with consumers. In addition to them the following concepts are determined:

1) supervisory authority - The national commission on the financial market (further - the National commission), authorized to perform function of supervision of observance of this law according to part (1) Article 33;

2) bank - the legal entity in the value determined by article 3 of the Law on activities of banks No. 202/2017;

3) the commission - set of the costs and penalties (in the presence) which are subject to payment by the consumer to the payment service provider for provision of services on payment accounts or in connection with provision of such services;

4) the consumer - physical person in the value determined by Article 1 of the Marine life protection act of the rights of consumers No. 105/2003;

5) financially vulnerable consumer - physical person which according to the law receives the payments of social nature performed from the budget of the national social insurance, including, in addition, pensions, benefits, social payments and the public assistance, and the average monthly income (actually gained income from any sources which can be documented) which for the last six months is not exceeded by the size of the minimum monthly salary over the country established by the Government the current year;

6) the payment order on implementation of the planned credit transfers - the order this by the payer to the payment service provider who keeps payment count of the payer, about implementation of credit transfers with regular frequency or in predefined dates;

7) the payment service provider - any of the subjects provided by part (1) article 5 of the Law on payment services and electronic money No. 114/2012, except for National Bank of Moldova and the State Treasury of the Ministry of Finance;

8) the transferring payment service provider - the payment service provider who transfers information necessary for implementation of change of accounts;

9) the accepting payment service provider - the payment service provider to whom information necessary for implementation of change of accounts is transferred;

10) credit interest rate - rate at which to the consumer interests on the money which is stored on the payment account are paid;

11) resident - physical person (the citizen of the Republic of Moldova, the foreign citizen or the stateless person) taking the residence in the Republic of Moldova supported by the corresponding identification document including person which is temporarily located abroad or the consumer without permanent residence, person petitioning for provision of shelter in the value provided by the Law on shelter in the Republic of Moldova No. 270/2008, and also the consumer to whom the residence permit is not provided, but expulsion of whom is impossible according to the actual or legal grounds;

12) legal resident of the European Union - the physical person having the right to accommodation in state member according to the European Union law or the national legal system including person without permanent residence or person petitioning for provision of shelter based on the Geneva convention on the status of refugees of July 28, 1951 and the Protocol to it of January 31, 1967 and also other corresponding international treaties which party is the Republic of Moldova;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info