AG01 Reason Code: Transaction Forbidden

Official definition

What it means in practice

In a pacs.002 or pain.002 status report, a status reason code explains why a payment instruction was rejected (RJCT) or why it has another status. It sits in TxInfAndSts/StsRsnInf/Rsn/Cd.

The payment is not allowed on this account or for this customer under the agreement the receiving bank has. Typical examples are an account that cannot receive foreign currency, a savings account that accepts no third-party credits, or a customer who has opted out of a payment type.

In older code lists the code was called No Agreement, which is still a good way to read it.

What to do

• Ask the beneficiary which account and currency they can receive.
• Check whether the payment type (for example an instant payment or a direct debit) is accepted on that account before you resend.

Messages and fields that use ExternalStatusReason1Code

And 8 more messages: see the ExternalStatusReason1Code page.

Related reason codes

• AG02Invalid Bank Operation Code
• AG03Transaction Not Supported
• AG04Invalid Agent Country
• AG05Invalid Debtor Agent Country
• AG06Invalid Creditor Agent Country
• AG07Unsuccesful Direct Debit
• AG08Invalid Access Rights
• AG09Payment Not Received

AG01 in other code sets

• AG01 in ExternalReturnReason1Code
• AG01 in ExternalMandateReason1Code
• AG01 in ExternalVerificationReason1Code

AG01 questions

What does AG01 mean in ISO 20022?

AG01 is Transaction Forbidden in the ExternalStatusReason1Code code set: Transaction forbidden on this type of account (formerly NoAgreement)

What should I do when I get AG01?

Ask the beneficiary which account and currency they can receive. Check whether the payment type (for example an instant payment or a direct debit) is accepted on that account before you resend.

Where does AG01 appear in a message?

For example in pacs.002, element TxInfAndSts/StsRsnInf/Rsn/Cd.