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
PM-01
(DFI) Identification Number
String (AN)
Mandatory
3
12
1
Depository Financial Institution (DFI) identification number
PM01 is the transit routing number of the receiving financial institution.
PM-02
Account Number
String (AN)
Mandatory
1
35
1
Account number assigned
PM02 is the electronic fund transfer recipient's account number.
PM-03
Yes/No Condition or Response Code
Identifier (ID)
Mandatory
1
1
1
Code indicating a Yes or No condition or response
PM03 is the authorization for electronic funds transfer indicator. 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.
PM-04
Yes/No Condition or Response Code
Identifier (ID)
Mandatory
1
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.
PM-05
Account Number Qualifier
Identifier (ID)
Optional
1
3
1
Code indicating the type of account
PM05 qualifies the account number indicated in PM02.
PM-06
(DFI) ID Number Qualifier
Identifier (ID)
Optional
2
2
1
Code identifying the type of identification number of Depository Financial Institution (DFI)
PM06 qualifies the Depository Financial Institution (DFI) Identification Number indicated in PM01.

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