PM Electronic Funds Transfer Information

To supply information on the electronic funds transfer (EFT) method of payment

Position
Element
Name
Type
Requirement
Min
Max
Repeat
PM01
(DFI) Identification Number
String (AN)
Mandatory
3
12
-
Depository Financial Institution (DFI) identification number.
PM01 is the ABA Transit Routing Number of the receiving financial institution.
PM02
Account Number
String (AN)
Mandatory
1
35
-
Account number assigned.
PM02 is the Electronic Fund Transfer recipient's account number.
PM03
Yes/No Condition or Response Code
Identifier (ID)
Mandatory
1
1
-
Code indicating a Yes or No condition or response.
PM03 is the Authorization for electronic funds transfer. A ``Y'' value indicates authorization has been granted to allow electronic funds transfer. An ``N'' value indicates no authorization has been granted for electronic funds transfer.
PM04
Yes/No Condition or Response Code
Identifier (ID)
Mandatory
1
1
-
Code indicating a Yes or No condition or response.
PM04 is the authorization signature for electronic funds transfer on file indicator. A ``Y'' value indicates that a signature has been obtained and is on file. An ``N'' value indicates a signature has not been obtained.
PM05
Account Number Qualifier
Identifier (ID)
Mandatory
1
3
-
Code indicating the type of account.

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