PM Electronic Funds Transfer Information

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

Position: PM-01 · Element: 507 · Name: (DFI) Identification Number · Type: String (AN) · Requirement: Mandatory · Min: 3 · Max: 12 · Repeat: -

Depository Financial Institution (DFI) identification number

PM01 is the transit routing number of the receiving financial institution.

Position: PM-02 · Element: 508 · Name: Account Number · Type: String (AN) · Requirement: Mandatory · Min: 1 · Max: 35 · Repeat: -

Account number assigned

PM02 is the electronic fund transfer recipient's account number.

Position: PM-03 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: -

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.

Position: PM-04 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: -

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.

Position: PM-05 · Element: 569 · Name: Account Number Qualifier · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 3 · Repeat: -

Code indicating the type of account

PM05 qualifies the account number indicated in PM02.

Position: PM-06 · Element: 506 · Name: (DFI) ID Number Qualifier · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code identifying the type of identification number of Depository Financial Institution (DFI)

PM06 qualifies the Depository Financial Institution (DFI) Identification Number indicated in PM01.