Article 24 › 2

Where a credit has been granted in the form of an overdraft facility, Member States shall require that the creditor informs the consumer, on paper or another durable medium specified in the credit agreement, of increases in the borrowing rate or in any charges payable, in good time before the change in question enters into force. By way of derogation from the first subparagraph, the information referred to in that subparagraph may be given periodically in the manner provided for in paragraph 1 where the following conditions are fulfilled: (a) the parties have agreed on such periodical information in the credit agreement; (b) the change in the borrowing rate is caused by a change in a reference rate; (c) the new reference rate is made publicly available by appropriate means; (d) the information concerning the new reference rate is also available: (i) at the premises of the creditor; (ii) where the creditor has a website, on that website; and (iii) where the creditor has a mobile application, via that mobile application.

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Source: EUR-Lex CELLAR · retrieved 2026-07-30