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: 1

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: 1

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: 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.

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

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

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: 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.

Position: PM-07 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

PM07 is the authorization for balance and transaction reporting indicator. A "Y" value indicates authorization has been granted to allow balance and transaction reporting. An "N" value indicates no authorization has been granted to allow balance and transaction reporting.

Position: PM-08 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

PM08 is the debit authorization indicator. A "Y" value indicates authorization has been granted to allow the sender of the transaction to debit the related account. An "N" value indicates no authorization has been granted to allow the sender of the transaction to debit the related account.