SEPA / ISO 20022 reject code
AC01
Invalid or unusable IBAN
Error
SCT Reject/Return
CFONB 12
Meaning
The beneficiary's bank details are not recognised, or cannot be used by the bank.
The beneficiary's bank details (IBAN, or bank code / branch code / account number) are not recognised by the account servicer. Applies to rejects and returns.
Common causes
Resolution
Other reasons in the same family