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

RC01Bank identifier incorrect

What does reason code RC01 mean?

Bank identifier incorrect. Bank identifier code specified in the message has an incorrect format (formerly IncorrectFormatForRoutingCode).

Code
RC01
Group
Agent & routing
Used in
pacs.002 (reject or status report), pacs.004 (return of funds)

What to do when you receive RC01

  • The BIC is malformed. Validate the format (8 or 11 characters) and look it up before sending.

Definition by message

MessageISO 20022 definition
pacs.002Bank identifier code specified in the message has an incorrect format (formerly IncorrectFormatForRoutingCode).TxInfAndSts/StsRsnInf/Rsn/Cd
pacs.004Bank Identifier code specified in the message has an incorrect format (formerly IncorrectFormatForRoutingCode).TxInf/RtrRsnInf/Rsn/Cd

Decode any value

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Open the ISO 20022 Reason Codes

Related codes

AC01Incorrect account numberCNORCreditor bank not registeredAGNTIncorrect agent

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