On 28 August 2014, the text of the Payment Accounts Directive (2014/92/EU) (PAD) was published in the Official Journal of the EU (OJ).

The Directive was adopted by the European Parliament on 15 April 2014 and by the Council of the European Union on 23 July 2014. 

PAD will enter into force on 17 September 2014. Member states must transpose the PAD into national law by 18 September 2016. There are a number of exceptions to this, including that Article 3 of the Directive will apply from 17 September 2014.