When processing transactions via file, a number of application errors are possible: these are sometimes referred to as Technical Errors and are generated prior to payments being passed to Clearing for further processing
The following are possible when processing FPS transactions:
| Code | Description |
|---|---|
| AC03 | Creditor account number invalid or missing |
| AC05 | Closed Debtor Account Number |
| AC07 | Beneficiary account closed |
| AC09 | Account is not in the currency quoted |
| AC12 | Account type missing or invalid |
| AG01 | Transaction forbidden on this account for regulatory reasons. |
| AG03 | Transaction type not supported/authorized on this account |
| AM08 | Invalid charges amount |
| AM09 | Amount received is not the amount agreed or expected |
| AS01 | Account transferred |
| BE01 | Inconsistent With End Customer |
| BE03 | Unknown Bank |
| BE08 | Debtor name is missing |
| BE09 | Country code is missing or Invalid |
| CUTO | Passed payment cut-off time |
| IP01 | Sending FPS Institution action required |
| IP02 | Return requested by sender of original payment |
| MS01 | Not specified reason |
| PR01 | Payment rejected, missing payee reference |
| PR02 | Payment rejected incorrect payee reference |
| PY01 | Unknown BIC in routing table |
| RC02 | Invalid Bank Identifier |
| RC03 | Invalid Debtor Bank Identifier |
| RC04 | Invalid Creditor Bank Identifier |