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

AG01Transaction forbidden

What does reason code AG01 mean?

Transaction forbidden. Transaction forbidden on this type of account (formerly NoAgreement)

Code
AG01
Group
Account
Used in
pacs.002 (reject or status report), pacs.004 (return of funds)

What to do when you receive AG01

  • The account exists but does not accept this kind of payment, for example a savings account or one that blocks direct debits.
  • Ask the customer for an account that accepts the payment type.

In SEPA

Common on SDD collections against accounts that do not accept direct debits.

Definition by message

MessageISO 20022 definition
pacs.002Transaction forbidden on this type of account (formerly NoAgreement)TxInfAndSts/StsRsnInf/Rsn/Cd
pacs.004Transaction forbidden on this type of account (formerly NoAgreement)TxInf/RtrRsnInf/Rsn/Cd

Decode any value

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Related codes

AC13Invalid debtor account typeAC06Blocked accountSL01Specific service offered by the debtor agent

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