Returned Payment Reasons  · Banking Circle Help Centre (2024)

CodeISO definitionReason in the Rulebook or IGsType of R-trans.Exhaustive list of use-casesPossible root causeSuggested actionAC01Incorrect Account NumberAccount identifier invalid or incorrect (i.e. invalid IBAN or account number does not exist).Reject, ReturnBeneficiary gave invalid
IBAN;
Originator used wrong
IBAN data from its
customers’ database;
Originator had technical
problem during the
processing of the SCT
instruction issuance.Originator to contact the Beneficiary to getthe correct IBAN ofthe Beneficiary.AC03Invalid Creditor Account NumberWrong unique identifier of the Beneficiary account.RFRO.Originator has made an SCT transaction which was addressed to a wrong IBAN.Originator itself selected or entered a wrong IBAN if the beneficiary when issuing the SCT instruction.Originator:
• Adapt this internal SCT instruction issuance processes to avoid the selection of a wrong IBAN in the future;
• Pay more attention in selecting/ entering the IBAN when issuing a SCT instruction.AC04Closed account numberAccount closed.Return, Negative answer to a recall or to a RFRO.The account of the Beneficiary is closed at the Beneficiary Bank. Note: This code cannot be used in certain SEPA countries for reasons of data protection. MS03 could be used as an alternative.Beneficiary closed his account since the last time the Originator made a SCT instruction to his beneficiary.Originator to contract the Beneficiary for the new account.AC06Blocked accountAccount blocked.Return.Account blocked for any financial transaction.• Beneficiary Bank has blocked the account due to a Court Order;
• Beneficiary Bank has blocked the account (e.g., suspicion of misuse, request from the Beneficiary).Originator to contact the Beneficiary for alternative account / solution to pay.ACNRAccepted Claim Non-ReceiptInterbank positive response to claim Non-receipt.Positive answer to SCT Inquiry "Claim Non-receipt".The Beneficiary Bank confirms to have credited the initial SCT transaction on the IBAN of the Beneficiary. It provides theOriginator Bank with the date on which this SCT transaction has been credited.No root cause to be defined.Originator Bank to report back to the Originator that its SCT instruction was processed according to his/her instructions.ACVAAccepted Value Date AdjustmentInterbank positive response to Claim for Value Date Correction.Positive answer to SCT inquiry "Claim for the Value Date Correction".The Beneficiary Bank:
• Accepts to correct the currently applied value date of the SCT transaction; and
• Requests an interest compensation from the Originator Bank before it executes this correction.The cause for the claimed incorrect6 value date lies not with the Beneficiary Bank.Originator Bank to pay first the interest compensation to the Beneficiary Bank.AG01Transaction ForbiddenCredit transfer forbidden on this account (e.g. savings account).Return.A SCVT transaction cannot be booked on this type of account.Beneficiary gave information of an account on which SCT transactions cannot be booked.Originator to contract the Beneficiary to agree on another payment instrument.AG02Invalid Bank Operation CodeOperation code/ transaction code incorrect, invalid file format.Reject, Return.The identification code of the scheme (i.e. service level or local instrument) specified in the message is incorrect. For the specified XML file setting issues (i.e. invalid file format), please use FF01 instead.Originator: technical error or error due to the processing of the SCT transaction or the file containing SCT instructions.Originator to correct the wrong information.AM04Insufficient FundsInsufficient funds on the account.Negative answer to a Recall or to RFRO.There are not enough funds on the Beneficiary’s account to debit the full amount of the Recall or of the RFRO.
Note: This code cannot be used in certain SEPA countries for reasons of data protection. CUST could be used as an alternative.Insufficient funds on the Beneficiary's account.Originator (and Originator Bank if it concerns a Recall due to an error made by the Originator Bank
itself) to contact the Beneficiary directly to obtain back the funds outside the Recall - or the RFRO procedures of the SCT scheme.AM05DuplicationDuplicate payment.Reject, Return.CSM Beneficiary Bank considers that an identical SCT transaction had been sent or processed very recently.Originator/Originator Bank: technical or human error.Originator/Originator Bank to check if the transaction is really duplicated.AM09Wrong AmountWrong amount.RFRO.Originator has made an SCT instruction for an amount higher than intended.Originator: technical or human error.Originator to adapt this internal SCT instruction issuance processes to avoid transferring wrong amounts in the future.ARDTThe Transaction Has Already Been ReturnedAlready returned transaction.Negative answer to a Recall or to a RFRO; Negative answer to SCT Inquiry "Claim Non-receipt".

Negative answer to a Recall or to a RFRO: the Beneficiary has already transferred back the funds to the Originator (via SCT, SCT Inst or another payment means).

Negative answer to SCT Inquiry “Claim NonReceipt”: the Beneficiary Bank had not been able to process the initial SCT transaction.

Not applicable.

See the provided Return reason code for the SCT transaction.

No action.

See the suggested actions for the SCT Return reason code.

ARJTAlready Rejected TransactionAlready rejected transaction.Negative answer to SCT Inquiry "Claim Non-receipt".The Beneficiary Bank had not been able to process the initial SCT transaction.See the provided Reject reason code for the SCT transaction.See the suggested actions for the SCT Reject reason code.BE04Missing Creditor AddressAccount address invalid.Return.Address of the Beneficiary is not provided in the SCT transaction.Either the Originator Bank or the Beneficiary Bank in the transaction is based in a non-EEA SEPA country.Originator Bank to ask the Originator to provide the address of the Beneficiary.CERICheck ERIThe credit transfer is not tagged as an Extended Remittance Information (ERI) transaction but contains ERI.Reject.The SCT instruction is not tagged as an Extended Remittance Information (ERI) instruction but contains ERI.Error is made at the level of the Originator or the Originator Bank system when creating the payment message.Originator Bank to check its processes and possibly revert to the Originator.CNORCreditor Bank Is Not RegisteredBeneficiary bank is not registered under this BIC in the CSM.Reject, Return.Beneficiary Bank is not/ no longer registered as a SCT scheme participant under this BIC at the CSM.Beneficiary Bank not/ no longer declared as (indirect) participant to this CSM.Originator to ask the Beneficiary how that Beneficiary can receive SCT transactions via another bank.CUSTRequested by Customera. By request of the Originator without any reason specified.
b. Refusal by the Beneficiarya. RFRO.
b. Negative answer to a Recall or to a RFRO.a. Originator wishes to recover the funds of an earlier settled SCT transaction.
b. Beneficiary does not want to honour the Recall or the RFRO.a. The Originator does not give a specific reason to recover the funds.
b. Beneficiary claims to be entitled to the received funds.a. No action.
b. Originator (and Originator Bank if it concerns a Recall due to an error made by the Originator Bank itself) to contact theBeneficiary directly to obtain back the funds outside the Recall or the RFRO procedures of the SCT scheme.CVAACorrect Value Date Already AppliedInterbank negative response to Claim for Value Date CorrectionNegative answer to SCT Inquiry "Claim for Value Date Correction"The Beneficiary Bank rejects the claim to correct the currently applied value date of the SCT transaction.The Beneficiary Bank claims to have applied the correct value date as outlined in the SCT transaction.Originator Bank to explain to the Originator that the SCT instruction has been executed according to the instructions of the Originator.DNORDebtor Bank Is Not RegisteredOriginator bank is not registered under this BIC in the CSM.Reject.Originator Bank is not/no longer registered as a SCT scheme participant under this BIC at the CSM.The Originator bank sends SCT transactions by mistake to its former CSM.• Originator Bank to rout its SCT transaction to its current CSM;
• Contact Originator to agree on another means of payment with the Beneficiary.DUPLDuplicate PaymentDuplicate sendingRecall.Originator or Originator Bank detects SCT transaction and tries to recover the funds of this duplication.Originator / Originator Bank: technical or human error.Originator and/or Originator Bank: no action apart of setting up measures preventing the duplicate initiation and/or exchange of SCT transactions from happening in the future.ED05Settlement failedSettlement of the SEPA transfer failed.Reject.The Originator Bank or the CSM must report a settlement failure.The inter-bank SCT funding facilities of the Originator Bank are insufficientto settle this transaction.Action depends on the SLA between the Originator Bank and the CSM.ERINERI Option Not SupportedThe Extended Remittance Information (ERI) option is not supported.Reject, Return.• Reject: the Originator Bank and/or the addressed Beneficiary Bank do not support the ERI option.
• Return: The addressed Beneficiary Bank does not support the ERI option.The Originator Bank and/or Beneficiary Bank do not support the ERI option.At the discretion if the Originator on how to proceed further.FF01Invalid File FormatOperation/ transaction code incorrect, invalid file format.RejectIssues with XML-file specific settings:
• XML file was not duly filled out or is not correct;
• There is a syntax error in the file;
• Originator Bank or its CSM did not complete a XSD check before submitting the file.Originator, originator Bank or CSM.Repair the XML file.FOCRFollowing cancellation requestPositive answer to the recall.Positive answer to a RFRO.Beneficiary Bank or the Beneficiary accepts the Recall request or the RFRO to reimburse the funds to the Originator or to the originator Bank.Not applicable.Not applicable.FRADFraudulent OriginFraudulent originated credit transfer.Recall.Originator or Originator Bank detects a fraudulent SCT transaction and tries to recover the funds.• Originator claims to be a victim of a fraudulently executed SCT transaction;
• Fraudsters manipulated the SCT applications or systems of the Originator Bank to execute afterwards fraudulent transactions.Originator and/or Originator Bank: no action apart of setting up measures preventing such fraudulent SCT transactions from happening in the future.LEGLLegal DecisionLegal reasonsNegative answer to a Recall or to RFRO.Beneficiary Bank is not allowed to reimburse the funds following the Recall or the RFRO from the Originator Bank.The funds cannot be reimbursed for legal reasons.Originator (and Originator Bank if it concerns a Recall due to an error made by the Originator Bank itself) to contact the Beneficiary directly to obtain back the funds outside the Recall or the RFRO procedures of the SCT scheme.MD07End Customer DeceasedBeneficiary deceased.Return.Beneficiary deceased
Note: This code cannot be used in certain SEPA countries for reasons of data protection. In this case MS03 can be used as alternative.Not applicable.Not applicable.MODIModified As Per RequestInterbank confirmed positive response to Claim for Value Date Correction.Confirmed positive answer to SCT Inquiry "Claim for Value Date Correction"The Beneficiary Bank confirms to have corrected the value date of the booked SCT transaction on the IBAN of the Beneficiary.The Beneficiary Bank:
• Has well received the interest compensation from the Originator Bank following the Beneficiary Bank’s positive answer to the SCT Inquiry “Claim for Value Date Correction” containing the code ACVA; or
• Does not request an interest compensation at all; or
• Cannot request an interest compensation because the calculation results in a negative amount; or
• Requests the Originator Bank to pay the interest compensation a later point in time. The code VADA (Value Date Adjustment) marks such request.Originator Bank to pay the interest compensation when the Beneficiary Bank has sent the code VADA in the confirmed positive answer.MS02Not specified Reason Customer GeneratedBy order of the Beneficiary.Return.Refusal by Beneficiary at presentation of the SCT transaction to the Beneficiary Bank.The Beneficiary Bank acts on behalf of the Beneficiary following an instruction from the Beneficiary for not accepting funds from a specific account, Originator or via a specific payment scheme.Originator to contact the Beneficiary directly how the Originator should settle any financial obligation towards the Beneficiary.MS03Not specified reason agent generatedReason not specified.Reject, Return.Only to be used in case national legislation (e.g., data protection laws) does not allow the use of AC04, RR01, RR02, RR03 and RR04.
Note: limit the use of the reason code MS03 and select the appropriate reason code in the list.Originator to contact the Beneficiary directly how the Originator should settle any financial obligation towards the Beneficiary.NERINo ERIThe SEPA Credit Transfer is tagged as an Extended Remittance Information (ERI) transaction but does not contain ERI.Reject.The SCT instruction is tagged as an Extended Remittance Information (ERI) instruction but does not contain ERI.Error is made at the level of the Originator or the Originator Bank system when creating the payment message (file).• Originator to resubmit its SCT instruction (file) with ERI included;
• Originator Bank to check its processes and possibly revert to the Originator.NOASNo Answer From CustomerNo response from Beneficiary.Negative answer to a recall or to a RFRO.Originator or Originator Bank tries to recover funds from a previously executed SCT transaction.• Beneficiary Bank is not able to reach the Beneficiary;
• The Beneficiary does not reply to the authorization demands from the Beneficiary Bank to reimburse the funds to the Originator or the Originator Bank.Originator (and Originator Bank if it concerns a Recall due to an error made by the Originator Bank itself) to contact the Beneficiary directly to obtain back the funds outside the Recall -or the RFRO procedures of the SCT scheme.NOORNo Original Transaction ReceivedOriginal Credit Transfer never received.Negative answer to a recall or to a RFRO; Negative answer to SCT Inquiry "Claim Non-Receipt".Beneficiary Bank or Beneficiary denies having received the initial SCT transaction.• Recall or RFRO: this
request has been
addressed to the wrong
Beneficiary Bank or
Beneficiary.
• Negative answer to SCT
Inquiry “Claim NonReceipt”: the Beneficiary
Bank has not received the
initial SCT transaction.Originator Bank to
address the Recall,
the RFRO or the SCT
Inquiry to the correct
Beneficiary Bank or
BeneficiaryRC01Bank Identifier IncorrectBank identifier incorrect (i.e. invalid BIC).Reject, Return.BIC of the scheme participant is not correct• Originator: the provided
BIC for a non-EEA SEPA
SCT transaction is not
complete (BIC8 instead of
BIC11);
• CSM or Beneficiary Bank:
the provided BIC in the
interbank message does
not exist in their BIC
database.• Originator tocontact the
Beneficiary forthe correct BIC
for a non-EEASEPA SCT
transaction;
• Originator Bankto allocate thecorrect andcomplete BIC ofthe BeneficiaryBank in the
interbankmessage.RJNRRejected Claim Non-ReceiptInterbank negative response to Claim Non-Receipt.Negative answer to SCT Inquiry "Claim Non-Receipt"The Beneficiary Bank states a more precise reason for rejecting the SCT inquiry. One of the following codes must be provided: NOOR, RNPR, ARJT, ARDT or RR04.• NOOR: it was never
received;
• RNPR: it was received but
it was not processable;
• ARJT: it has already been
rejected;
• ARDT: it has already been
returned;
• RR04: a regulatory
reason.See suggested actions under the reason codes NOOR, RNPR, ARJT, ARDT and RR04.RJVARejected Value Date AdjustmentInterbank negative response to Claim for Value date Correction.Negative
answer to
SCT Inquiry
“Claim for
Value Date
Correction”.The Beneficiary Bank rejects the claim to correct the currently applied value date of the SCT transaction.The Beneficiary Bank rejects
the value date correction
because
• the debit date of the SCT
transaction exceeds the
13 months preceding the
submission date of the
SCT inquiry;
• the SCT transaction has a
debit date prior to 17
November 2019 being the
entry-into-force date of
the SCT Inquiry
procedure.No further action.RNPROriginal Transaction Received but Not ProcessableOriginal Transaction Received but Not Processable.Negative answer to SCT inquiry "Claim Non-Receipt".The Beneficiary Bank is notable to process the SCTtransaction at this point intime.In case the Beneficiary Bank cannot process the SCT transaction for a reason other than ARJT, ARDT and RR04.Originator Bank and Beneficiary Bank may contact each other on how to possibly resolve the issue causing the non-execution of the SCT transaction.RR01Missing Debtor Account or IdentificationRegulatory Reason.Reject, Return.Missing Originator account details.Specification of the Originator’s account or unique identification needed for reasons of regulatory requirements is insufficient or missing.Originator Bank to check the transaction and if necessary repair the transaction by completing the Originator account.RR02Missing Debtor's Name or AddressRegulatory Reason.Reject, Return.• Missing Originator name (address is optional field for EEA SCT transactions);
• Missing address of the Originator for non-EEA SCT transactions.
Note: This code cannot beused in certain SEPA
countries for reasons ofdata protection. MS03could be used as analternative.Specification of the Originator’s name and/or address needed for regulatory requirements is insufficient or missing.Originator Bank to repair the transaction by completing the Originator’s name and/or address information.RR03Missing Creditor's Name or AddressRegulatory Reason.Reject, Return.

Missing Beneficiary’s name (address is optional field).
Note: This code cannot be used in certain SEPA countries for reasons of data protection. MS03 could be used as an alternative.

Specification of the Beneficiary’s name needed for regulatory requirements is insufficient or missing.Originator Bank to repair the transaction by completing the Beneficiary's name.RR04Regulatory ReasonRegulatory Reason.Reject, Return; Negative answer to SCT Inquiry "Claim Non-Receipt".Only to be used for Regulatory Reasons other than RR01, RR02 or RR03.
Note: This code cannot be used in certain SEPA countries for reasons of data protection. MS03 could be used as an alternative except to a negative answer to a SCT “Claim No0-nReceipt” (please refer to the code RJNR).Potential hit due to AML, Embargo or Counter Terrorist Financing reasons.Originator to contact the Originator Bank.TECHTechnical ProblemTechnical problems in resulting in the erroneous SCTs.Recall.Originator or Originator Bank detects a technical problem with the result of incorrect SCT transactions sent out. Originator or Originator Bank tries to recover the funds.• Technical issue at the
applications or systems of
the Originator itself when
creating the SCT
instruction(s) or files;
• Technical issue at the SCT
applications or systems of
the Originator Bank itself
when handling the SCT
instruction(s)/ files or in
their conversion into SCT
transactions for further
interbank processing.Originator and/or Originator Bank: no action apart of setting up measures preventing such technical problems from happening in the future.TM01Cut Off TimeFile received after Cut-off Time.Reject.The CSM has not received the initial SCT transaction (files) within the cut-off time deadline defined by that CSM.Connection, processing or validation issue at any step starting from the Originator Bank to the CSM(s).Originator Bank to re-submit the SCT transactions before the next cut-off time.