Law 100, dated 14.12.2023 ''On payment account with basic features''

This law defines the rules and conditions for opening and using a payment account with basic features for consumers and residents in the Republic of Albania, and especially for individuals who do not have bank accounts, without fee or with reasonable fees, by guarantee and enable the right of every consumer, regardless of their level of income, employment status and credit history, to have access to basic services in payment account.

The law guarantees the right of access to payment account with basic features by consumers, as a necessary tool to enable the participation of the consumer in the financial market, and aims to promote and increase financial inclusion by creating facilities for categories of consumers who have difficulty or impossibility for opening and keeping a payment account in banks, due to the costs it carries.