Registered in sourceSource release: August 2026 (v3)
Published definition
Transaction forbidden on this type of account (Payment cannot be made to this account for example not open for deposits, blocked, closed).
Code set and usage
Verification reason contains 16 registered codes. Its exact identifier is ExternalVerificationReason1Code.
Specifies the external verification reason code, as published in an external verification code set. 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.