European Union – Finance. Article 4(14) of Directive (EC) 2007/64 should be interpreted as meaning that a savings account which allowed for sums deposited without notice and from which payment and withdrawal transactions could be made solely by means of a current account did not come within the concept of 'payment account'. The Court of Justice of the European Union so held in proceedings concerning the lawfulness of the standard terms and conditions of the contracts offered by the respondent Austrian bank.