SWIFT Reject Reason Codes — AC01, AC04, BE01, RR04 & Full ISO 20022 Reference | Ohmyfin
Last reviewed: · Curated by Ohmyfin Organisation editorial.
When a SWIFT payment is rejected, the bank returns an ISO 20022 reason code. These pages explain each code in plain English — what triggered it, why it happened, and the exact fix.
A–Z index — 25 entries
AC01 — IncorrectAccountNumber
AC01 (IncorrectAccountNumber): The beneficiary account number is incorrect or does not exist. What it means, why your SWIFT payment was rejected, and how to fix
AC04 — ClosedAccountNumber
AC04 (ClosedAccountNumber): The beneficiary account exists but has been closed. What it means, why your SWIFT payment was rejected, and how to fix it. Free refe
AC06 — BlockedAccount
AC06 (BlockedAccount): The beneficiary account is blocked. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference on Ohmyfin.
AG01 — TransactionForbidden
AG01 (TransactionForbidden): Transaction is forbidden on this type of account. What it means, why your SWIFT payment was rejected, and how to fix it. Free refer
AG02 — InvalidBankOperationCode
AG02 (InvalidBankOperationCode): The transaction-type code is invalid for this corridor. What it means, why your SWIFT payment was rejected, and how to fix it.
AM01 — ZeroAmount
AM01 (ZeroAmount): The payment amount is zero. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference on Ohmyfin.
AM02 — NotAllowedAmount
AM02 (NotAllowedAmount): The amount exceeds an allowed limit. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference on Ohmyfin.
AM05 — Duplication
AM05 (Duplication): The bank detected a duplicate of an earlier payment. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference o
BE01 — InconsistentWithEndCustomer
BE01 (InconsistentWithEndCustomer): The end-customer details do not match the account holder. What it means, why your SWIFT payment was rejected, and how to fix
BE05 — UnrecognisedInitiatingParty
BE05 (UnrecognisedInitiatingParty): The receiving bank does not recognise the initiating party. What it means, why your SWIFT payment was rejected, and how to f
BE06 — UnknownEndCustomer
BE06 (UnknownEndCustomer): The end-customer is unknown to the beneficiary bank. What it means, why your SWIFT payment was rejected, and how to fix it. Free refe
CD01 — ChequeSettlementFailure
CD01 (ChequeSettlementFailure): Underlying cheque/draft failed to settle. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference
CH09 — ChargesRequest
CH09 (ChargesRequest): Charges instruction is missing or invalid. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference on Ohmyf
DT04 — InvalidProcessingDate
DT04 (InvalidProcessingDate): The requested processing/value date is invalid. What it means, why your SWIFT payment was rejected, and how to fix it. Free refere
FF01 — InvalidFileFormat
FF01 (InvalidFileFormat): The message format is invalid. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference on Ohmyfin.
FF05 — InvalidLocalInstrumentCode
FF05 (InvalidLocalInstrumentCode): Local instrument code is invalid. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference on Oh
FF07 — InvalidPurpose
FF07 (InvalidPurpose): The purpose code is invalid for this corridor. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference on O
FOCR — FollowingCancellationRequest
FOCR (FollowingCancellationRequest): Returned because the originator requested cancellation. What it means, why your SWIFT payment was rejected, and how to fix
MS02 — NotSpecifiedReasonCustomerGenerated
MS02 (NotSpecifiedReasonCustomerGenerated): Generic rejection — the customer requested cancellation without a specific reason. What it means, why your SWIFT pay
MS03 — NotSpecifiedReasonAgentGenerated
MS03 (NotSpecifiedReasonAgentGenerated): Generic rejection — agent rejected without disclosing the reason. What it means, why your SWIFT payment was rejected, a
NARR — Narrative
NARR (Narrative): Reason is described in narrative free text rather than a code. What it means, why your SWIFT payment was rejected, and how to fix it. Free ref
RR01 — MissingDebtorAccountOrIdentification
RR01 (MissingDebtorAccountOrIdentification): Missing or invalid debtor (originator) account or ID. What it means, why your SWIFT payment was rejected, and how t
RR02 — MissingDebtorNameOrAddress
RR02 (MissingDebtorNameOrAddress): Missing or insufficient debtor name/address. What it means, why your SWIFT payment was rejected, and how to fix it. Free refe
RR03 — MissingCreditorNameOrAddress
RR03 (MissingCreditorNameOrAddress): Missing or insufficient creditor (beneficiary) name/address. What it means, why your SWIFT payment was rejected, and how to
RR04 — RegulatoryReason
RR04 (RegulatoryReason): Rejection driven by regulatory requirements. What it means, why your SWIFT payment was rejected, and how to fix it. Free reference on O
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