RR01 Regulatory reason

Occurs when?

Missing debtor account or identification. Regulatory reason. Note: This code cannot be used in certain SEPA countries for data protection reasons. MS03 can be used as an alternative.

Possible root cause

For the creditor bank, the debtor's IBAN is a mandatory item for the SDD collection.

What can you do?

Restore the SDD direct debit file to complete the debtor account information. Contact the creditor bank.

Want to know how to automate your payment tracking?