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
-
Depository Financial Institution (DFI) identification number.
PM01 is the ABA Transit Routing Number of the receiving financial institution.
PM-02
Account Number
String (AN)
Mandatory
1
35
-
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
-
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.
PM-04
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.

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