AI Summary of Article 8a Repayment of deposits exceeding EUR 10 000
Member States shall ensure that, where the amounts to be repaid exceed EUR 10 000, deposit guarantee schemes (DGSs) repay, where possible, depositors via credit transfers as defined in Article 4, point (24), of Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market.
Where such credit transfers are not possible, DGSs must repay depositors by means of payment other than cash that ensure the traceability of funds.
Article 8a Repayment of deposits exceeding EUR 10 000
Member States shall ensure, where the amounts to be repaid exceed EUR 10 000, that DGSs repay, where possible, depositors via credit transfers as defined in Article 4, point (24), of Directive (EU) 2015/2366 of the European Parliament and of the Council [Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, p. 35, ELI: http://data.europa.eu/eli/dir/2015/2366/oj).] or, where such credit transfers are not possible, via means of payment, other than payment in cash, that ensure the traceability of funds.