ISO 20022 · Cash account type
ODEPOrdinary Deposit
Published definition
Account used as ordinary deposit for everyday deposits and withdrawals.
Additional source information
Many banks were using FUTS as Proprietary Code, but with new ISO code ODEP, banks can move away from usage of Proprietary codes.
Code set and usage
Cash account type contains 28 registered codes. Its exact identifier is ExternalCashAccountType1Code.
Specifies the nature, or use, of the cash account in the format of character string with a maximum length of 4 characters. The list of valid codes is an external code list published separately. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.