AC07 Reason Code: Closed Creditor Account Number
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AC07 means closed creditor account number in the ISO 20022 return reason code set. The creditor account has been closed.
- Code
- AC07
- ISO name
- ClosedCreditorAccountNumber
- Status
- Registered
- Last updated
- 2021-08-31
Official definition
Creditor account number closed.
What it means in practice
In a pacs.004 payment return, a return reason code explains why funds that were already settled are being sent back. It sits in TxInf/RtrRsnInf/Rsn/Cd, and bank statements (camt.053, camt.054) repeat it in RtrInf/Rsn/Cd.
The creditor account has been closed. It is the creditor-side variant of AC04 that some schemes prefer.
What to do
- Get new account details from the beneficiary and update the stored record.
Messages and fields that use ExternalReturnReason1Code
| Message | Element path |
|---|---|
| pacs.004 | TxInf/RtrRsnInf/Rsn/Cd, OrgnlGrpInf/RtrRsnInf/Rsn/Cd |
| camt.053 | Stmt/Ntry/NtryDtls/TxDtls/RtrInf/Rsn/Cd |
| camt.054 | Ntfctn/Ntry/NtryDtls/TxDtls/RtrInf/Rsn/Cd |
| camt.052 | Rpt/Ntry/NtryDtls/TxDtls/RtrInf/Rsn/Cd |
| trck.001 | TrckrStsAndTx/Tx/RjctRtrRsn/Rsn/Cd, TrckrStsAndTx/TxSts/RjctRtrRsn/Rsn/Cd |
| trck.002 | TrckrStsAndTx/Tx/RjctRtrRsn/Rsn/Cd, TrckrStsAndTx/TxSts/RjctRtrRsn/Rsn/Cd |
| trck.004 | TrckrStsAndTx/Tx/RjctRtrRsn/Rsn/Cd, TrckrStsAndTx/TxSts/RjctRtrRsn/Rsn/Cd |
AC07 in other code sets
AC07 questions
- What does AC07 mean in ISO 20022?
- AC07 is Closed Creditor Account Number in the ExternalReturnReason1Code code set: Creditor account number closed.
- What should I do when I get AC07?
- Get new account details from the beneficiary and update the stored record.
- Where does AC07 appear in a message?
- For example in pacs.004, element TxInf/RtrRsnInf/Rsn/Cd.
All ExternalReturnReason1Code codes · ISO 20022 code sets
The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.