← ISO 20022 Reason Codes
ISO 20022 reason code · pacs.002 · pacs.004 · camt.056

AC03Invalid creditor account number

What does reason code AC03 mean?

Invalid creditor account number. Creditor account number invalid or missing

Code
AC03
Group
Account
Used in
pacs.002 (reject or status report), pacs.004 (return of funds), camt.056 (recall (cancellation request))

What to do when you receive AC03

  • Confirm the beneficiary IBAN with the customer, ideally through a payee check.
  • As a recall reason, it means the payer sent to the wrong IBAN and wants the money back.

In SEPA

In SCT the originator can recall a payment with AC03 (wrong IBAN), AM09 (wrong amount) or CUST. The beneficiary's consent is needed for these, so a recall can be refused.

Definition by message

MessageISO 20022 definition
pacs.002Creditor account number invalid or missingTxInfAndSts/StsRsnInf/Rsn/Cd
pacs.004Wrong IBAN in SCTTxInf/RtrRsnInf/Rsn/Cd
camt.056Wrong account number in Credit Transfer.Undrlyg/TxInf/CxlRsnInf/Rsn/Cd

Decode any value

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Open the ISO 20022 Reason Codes

Related codes

AC01Incorrect account numberAM09Wrong amountCUSTRequested by customerFOCRFollowing cancellation request

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