SEPA / ISO 20022 reject code
AC04
Beneficiary account closed
Error
SCT Reject/Return
CFONB 14
Meaning
The beneficiary's account is no longer active or usable.
The customer has closed out the account, or the account has been closed or transferred to another branch of the bank or of the banking group. Applies to returns.
Common causes
Resolution
Other reasons in the same family