1Not defined legally enforceable agreement between two or more parties (expressing a contractual right or a right to the payment of money).
2A credit transaction made through the automated clearing house system.
3A debit transaction made through the automated clearing house system.
4A request to reverse an ACH debit transaction to a demand deposit account.
5A request to reverse a credit transaction to a demand deposit account.
6A credit transaction made through the ACH system to a demand deposit account.
7A debit transaction made through the ACH system to a demand deposit account.
8Indicates that the bank should hold the payment for collection by the beneficiary or other instructions.
9Indicates that the payment should be made using the national or regional clearing.
10Payment by currency (including bills and coins) in circulation, including checking account deposits.
11A request to reverse an ACH credit transaction to a savings account.
12A request to reverse an ACH debit transaction to a savings account.
13A credit transaction made through the ACH system to a savings account.
14A debit transaction made through the ACH system to a savings account.
15A credit entry between two accounts at the same bank branch. Synonym: house credit.
16A debit entry between two accounts at the same bank branch. Synonym: house debit.
17A credit transaction made through the ACH system to a demand deposit account using the CCD payment format.
18A debit transaction made through the ACH system to a demand deposit account using the CCD payment format.
19A credit transaction made through the ACH system to a demand deposit account using the CTP payment format.
20Payment by a pre-printed form on which instructions are given to an account holder (a bank or building society) to pay a stated sum to a named recipient.
21Issue of a banker's draft in payment of the funds.
22Cheque drawn by a bank on itself or its agent. A person who owes money to another buys the draft from a bank for cash and hands it to the creditor who need have no fear that it might be dishonoured.
23Payment by a pre-printed form, which has been completed by a financial institution, on which instructions are given to an account holder (a bank or building society) to pay a stated sum to a named recipient.
24Bill drawn by the creditor on the debtor but not yet accepted by the debtor.
25Payment by a pre-printed form stamped with the paying bank's certification on which instructions are given to an account holder (a bank or building society) to pay a stated sum to a named recipient .
26Indicates that the cheque is given local to the recipient.
27A debit transaction made through the ACH system to a demand deposit account using the CTP payment format.
28A credit transaction made through the ACH system to a demand deposit account using the CTX payment format.
29A debit transaction made through the ACH system to a demand account using the CTX payment format.
30Payment by credit movement of funds from one account to another.
31Payment by debit movement of funds from one account to another.
32A credit transaction made through the ACH system to a demand deposit account using the CCD+ payment format.
33A debit transaction made through the ACH system to a demand deposit account using the CCD+ payment format.
34A consumer credit transaction made through the ACH system to a demand deposit or savings account.
35A credit transaction made through the ACH system to a demand deposit or savings account.
36A debit transaction made through the ACH system to a savings account using the CCD payment format.
37A credit transaction made through the ACH system to a savings account using the CTP payment format.
38A debit transaction made through the ACH system to a savings account using the CTP payment format.
39A credit transaction made through the ACH system to a savings account using the CTX payment format.
40A debit transaction made through the ACH system to a savings account using the CTX payment format.
41A credit transaction made through the ACH system to a savings account using the CCD+ payment format.
42Payment by an arrangement for settling debts that is operated by the Post Office.
43A debit transaction made through the ACH system to a savings account using the CCD+ payment format.
44Bill drawn by the creditor on the debtor and accepted by the debtor.
45A referenced credit transfer initiated through home- banking.
46A debit transfer via interbank means.
47A debit transfer initiated through home-banking.
48Payment by means of a card issued by a bank or other financial institution.
49The amount is to be, or has been, directly debited to the customer's bank account.
50A method for the transmission of funds through the postal system rather than through the banking system.
51Banking Standards) - Option A A French standard procedure that allows a debtor to pay an amount due to a creditor. The creditor will forward it to its bank, which will collect the money on the bank account of the debtor.
52Payment order which requires guaranteed processing by the most appropriate means to ensure it occurs on the requested execution date, provided that it is issued to the ordered bank before the agreed cut-off time.
53Payment order or transfer which must be executed, by the most appropriate means, as urgently as possible and before urgent commercial payments.
54Payment made by means of credit card.
55Payment made by means of debit card.
56Payment will be, or has been, made by bankgiro.
57The payment means have been previously agreed between seller and buyer and thus are not stated again.
58Credit transfer inside the Single Euro Payment Area (SEPA) system.
59Direct debit inside the Single Euro Payment Area (SEPA) system.
60Payment by an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand or at a fixed or determinable future time a sum certain in money, to order or to bearer.
61Payment by an unconditional promise in writing made by the debtor to another person, signed by the debtor, engaging to pay on demand or at a fixed or determinable future time a sum certain in money, to order or to bearer.
62Payment by an unconditional promise in writing made by the debtor to another person, signed by the debtor and endorsed by a bank, engaging to pay on demand or at a fixed or determinable future time a sum certain in money, to order or to bearer.
63Payment by an unconditional promise in writing made by the debtor to another person, signed by the debtor and endorsed by a third party, engaging to pay on demand or at a fixed or determinable future time a sum certain in money, to order or to bearer.
64Payment by an unconditional promise in writing made by the bank to another person, signed by the bank, engaging to pay on demand or at a fixed or determinable future time a sum certain in money, to order or to bearer.
65Payment by an unconditional promise in writing made by the bank to another person, signed by the bank and endorsed by another bank, engaging to pay on demand or at a fixed or determinable future time a sum certain in money, to order or to bearer.
66Payment by an unconditional promise in writing made by a third party to another person, signed by the third party, engaging to pay on demand or at a fixed or determinable future time a sum certain in money, to order or to bearer.
67Payment by an unconditional promise in writing made by a third party to another person, signed by the third party and endorsed by a bank, engaging to pay on demand or at a fixed or determinable future time a sum certain in money, to order or to bearer.
68Payment will be made or has been made by an online payment service.
70Bill drawn by the creditor on the debtor.
74Bill drawn by the creditor on a bank.
75Bill drawn by the creditor, endorsed by another bank.
76Bill drawn by the creditor on a bank and endorsed by a third party.
77Bill drawn by the creditor on a third party.
78Bill drawn by creditor on third party, accepted and endorsed by bank.
91Issue a bankers draft not endorsable.
92Issue a cheque not endorsable in payment of the funds.
93Ordering customer tells the bank to use the payment system 'Reference giro'. Used in the Finnish national banking system.
94Ordering customer tells the bank to use the bank service 'Urgent Giro' when transferring the payment. Used in Finnish national banking system.
95Ordering customer tells the ordering bank to use the bank service 'Free Format Giro' when transferring the payment. Used in Finnish national banking system.
96If the requested method for payment was or could not be used, this code indicates that.
97Amounts which two partners owe to each other to be compensated in order to avoid useless payments.
98An electronically recorded monetary claim is a claim that is separate from the underlying debt that gave rise to its accrual.Therefore, even if an electronically recorded monetary claim is accrued as a means of payment of the underlying debt, the underlying debt will not be extinguished as a matter of course.
ZZZA code assigned within a code list to be used on an interim basis and as defined among trading partners until a precise code can be assigned to the code list.