AM02 Reason Code: Not Allowed Amount

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 amount is higher than the maximum the receiver, the scheme or the account allows. Instant payment schemes and some account types have hard limits.

What to do

• Check the scheme or bank limit. Split the payment only where the beneficiary and the rules allow it, or use a payment type without that limit.

Messages and fields that use ExternalStatusReason1Code

And 8 more messages: see the ExternalStatusReason1Code page.

Related reason codes

• AM01Zero Amount
• AM03Not Allowed Currency
• AM04Insufficient Funds
• AM05Duplication
• AM06Too Low Amount
• AM07Blocked Amount
• AM09Wrong Amount
• AM10Invalid Control Sum

AM02 in other code sets

• AM02 in ExternalReturnReason1Code
• AM02 in ExternalMandateReason1Code

AM02 questions

What does AM02 mean in ISO 20022?

AM02 is Not Allowed Amount in the ExternalStatusReason1Code code set: Specific transaction/message amount is greater than allowed maximum

What should I do when I get AM02?

Check the scheme or bank limit. Split the payment only where the beneficiary and the rules allow it, or use a payment type without that limit.

Where does AM02 appear in a message?

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