AM04 Insufficient funds on the account

Occurs when?

There are not enough funds in the debtor's account to collect the full amount of the transaction. Note: This code cannot be used in certain SEPA countries for data protection reasons. MS03 can be used as an alternative. For example, this code is regularly used in the Netherlands but almost never in Belgium

Possible root cause

Debtor: Insufficient funds in his account. Creditor: No prenotification of the upcoming SDD (date and amount).

What can you do?

Inform the debtor in advance so that the debtor deposits money into his account on time. Try to collect the money when the customer has money in his account.

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