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

MD01No mandate

What does reason code MD01 mean?

No mandate. No Mandate

Code
MD01
Group
Direct debit & mandate
Used in
pacs.002 (reject or status report), pacs.004 (return of funds)

What to do when you receive MD01

  • SDD: the debtor says there is no valid mandate. Under SDD Core the debtor can claim an unauthorised-debit refund for up to 13 months after the debit.
  • Check the mandate reference and signature date; stop collecting until it is resolved.

Definition by message

MessageISO 20022 definition
pacs.002No MandateTxInfAndSts/StsRsnInf/Rsn/Cd
pacs.004No MandateTxInf/RtrRsnInf/Rsn/Cd

Decode any value

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Related codes

MD02Missing mandate informationMD06Refund request by end customerBE05Unrecognised initiating party

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