Outgoing Domestic - ISO20022 PACS 008 - Customer Credit Transfer

  • Updated on Jul 9, 2025
  • Published on Feb 5, 2025
  • 10 minute(s) read
  • Stephanie Schmidt
  • HR
  • Jevon Cliffgard
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PACS 008 Customer Credit Transfer wires are meant to send funds directly between consumers, organizations, and financial institutions; however, transfers between only financial institutions must utilize PACS 009 Financial Institution Credit Transfers.

A best practice for entering wires is to obtain exact wiring instructions from the financial institution that will be receiving the wire.

All optional steps are marked Optional at the beginning of the step.

Section 1 - Wire Detail

  1. Navigate to Money Movement

  2. Click the Wire tab

  3. Select Outgoing Wire

  4. Click Create New Domestic

  5. Select Member Contact For Verification

    1. Individual who will most likely verify wire or who may answer questions regarding the wire

    2. This dropdown will only display the names of Users that have the permission to verify wires

  6. If a Pre-Authorized Template will be used, select from dropdown

  7. Select Business Function Code PACS 008

  8. Select Type Code

    See ISO20022 FedWire Code Appendix 2

  9. Provide the Instructed Amount - amount the Originator/Debtor has instructed to be sent

  10. Optional - If Charges should be added to the wire per the wire instructions, utilize the Add Charge button at the bottom of the screen to provide Charge Details:

    1. If charges are due to your credit union or another entity, click the checkbox at the top of the screen to auto-fill the information

    2. Indicate the Charge Amount

    3. Search for or manually enter the details for the entity/financial institution assessing the charge

      1. If the entity has indicated a Bank Identification Code (BIC), the BIC Search button may be utilized to auto-fill the information, otherwise information must be manually entered

      2. Once information has been added, click Add to display the charges on the screen

        1. This will reduce the instructed amount of the wire

    4. Indicate the Charge Bearer (entity that should be impacted by the Charge)

      See ISO20022 FedWire Code Appendix 3

      1. SHAR - Shared

      2. SLEV - Following Service Level

      3. CRED - Borne by Creditor

      4. DEBT - Borne by Debtor

    5. If additional charges must be added, repeat steps 7a-7d to add more charges

    6. Once charges have been added, the Amount of the wire will decrease to reflect subtracted Total Charges

  11. Click Next Step

For wires being entered after the cutoff, Users will see a message that states "The Effective Date has automatically been set to the next available business day allowed to send funds since it is now past the daily cut off time."

Section 2 - Originator

  1. Select Originator/Debtor type:

    1. Organization

      1. If provided, include Business Identification Code (BIC) - may use the BIC Search button to auto-fill information

      2. Name - complete if BIC information is not utilized

        1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

      3. Address Format may be entered in Simple or Detailed form, depending on what the wire instructions indicate - select the appropriate radio button

    2. Person

      1. Name - complete

        1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

      2. Address Format may be entered in Simple or Detailed form, depending on what the wire instructions indicate - select the appropriate radio button

  2. Optional - Provide Account Information (may be useful to include for internal purposes)

    1. Account Identification

      1. May be an account number or other form of identification

    2. Account Identification Type

      1. In most cases may be BBAN - BBAN Identifier

      2. Other options:

        1. AIIN - Issuer Identification Number

        2. IBAN1 - International Bank Account Number

        3. CUID - CHIPS Universal Identifier

        4. UPIC - UPCI Identifier

        5. Account Identification Type Proprietary - enter custom type

      3. Optional - If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Additional Information checkbox

        1. Account Identification Issuer (may not be displayed, depending on Account Identification Type selected) - entity that assigns the identification

        2. Currency

        3. Account Name - name of the account, as assigned by the account servicing institution, in agreement with the account owner in order to provide an additional means of identification of the account; different from the account owner name

        4. Account Type

          See ISO20022 FedWire Code Appendix 4

        5. Alternate Account Name

        6. Alternate Account Type

          See ISO20022 FedWire Code Appendix 4

  3. Optional - Provide Initiating Party information

    Used only when different from Debtor; party that initiates the payment the credit transfer on behalf of the debtor

    1. Click the blue dropdown arrow to select, and then provide information

      1. Provide Name, Address, and additional Identification, as noted by wire instructions

  4. Optional - Provide Ultimate Debtor information

    Ultimate party that owes an amount of money to the (ultimate) creditor

    1. Click the blue dropdown arrow to select, and then provide information

      1. Provide Name, Address, and additional Identification, as noted by wire instructions

  5. Click Next Step

Section 3 - Final Credit

  1. Receiving ABA/Instructed Agent

    If more than one financial is included in the wire instructions, this is the financial institution where funds must be routed first

    1. Provide Bank Identification (routing number)

  2. Optional - Intermediary

    Typically would be utilized for a wire that is going through a United States correspondent domestic financial institution

    1. Click the blue dropdown arrow

    2. Complete the following fields for the intermediary financial institution:

      1. Identification - Name or BIC is required

        1. If provided, include Bank Identification Code (BIC) - may use the BIC Search button to auto-fill information

        2. Name - complete if BIC information is not utilized

      2. Bank Identification - typically a routing number, but may vary for other countries

        1. Bank Clearing System - select country

        2. Legal Entity Identification - legal entity identifier of the financial institution

      3. Address Format - fields may or may not be required depending on the type of wire that is being sent

        1. Select Simple or Detailed

        2. Complete address fields indicated per the wire instructions

      4. Optional - Provide Account Information (may be useful to include for internal purposes)

        1. Account Identification

          1. May be an account number or other form of identification

        2. Account Identification Type

          1. In most cases may be BBAN - BBAN Identifier

          2. Other options:

            1. AIIN - Issuer Identification Number

            2. IBAN1 - International Bank Account Number

            3. CUID - CHIPS Universal Identifier

            4. UPIC - UPCI Identifier

            5. Account Identification Type Proprietary - enter custom type

        3. Optional - If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Additional Information checkbox

          1. Account Identification Issuer - may not be displayed, depending on Account Identification Type selected; entity that assigns the identification

          2. Currency

          3. Account Name - name of the account, as assigned by the account servicing institution, in agreement with the account owner in order to provide an additional means of identification of the account; different from the account owner name

          4. Account Type

            See ISO20022 FedWire Code Appendix 4

          5. Alternate Account Name

          6. Alternate Account Type

          7. See ISO20022 FedWire Code Appendix 4

  3. Optional - Beneficiary FI/Creditor Agent

    1. If additional Beneficiary FI/Creditor Agent is required, select the blue dropdown arrow

    2. If the same as Receiving ABA, select the Same as Receiving ABA checkbox

    3. Identification - BIC or Name is required

      1. If provided, include Bank Identification Code (BIC) - may use the BIC Search button to auto-fill information

      2. Name - complete if BIC information is not utilized

        1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

      3. Bank Identification - typically a routing number, but may vary for other countries

      4. Bank Clearing System - select country

      5. Legal Entity Identification - legal entity identifier of the financial institution

      6. Address Format may be entered in Simple or Detailed form, depending on what the beneficiary wire instructions indicate - select the appropriate radio button

    4. Optional - Account Information

      1. Account Identification

        1. May be an account number or other form of identification

      2. Account Identification Type

        1. In most cases may be BBAN - BBAN Identifier

        2. Other options:

          1. AIIN - Issuer Identification Number

          2. IBAN1 - International Bank Account Number

          3. CUID - CHIPS Universal Identifier

          4. UPIC - UPCI Identifier

          5. Account Identification Type Proprietary - enter custom type

      3. Optional - If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Additional Information checkbox

        1. Account Identification Issuer - may not be displayed, depending on Account Identification Type selected; entity that assigns the identification

        2. Currency

        3. Account Name- name of the account, as assigned by the account servicing institution, in agreement with the account owner in order to provide an additional means of identification of the account; different from the account owner name

        4. Account Type

          See ISO20022 FedWire Code Appendix 4

        5. Alternate Account Name

        6. Alternate Account Type

          See ISO20022 FedWire Code Appendix 4

  4. Beneficiary/Creditor

    1. Select Beneficiary/Creditor type:

      1. Organization

        1. If provided, include Business Identification Code (BIC) - may use the BIC Search button to auto-fill information

        2. Name - complete if BIC information is not utilized

          1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

        3. Address Format may be entered in Simple or Detailed form, depending on what the wire instructions indicate - select the appropriate radio button

      2. Person

        1. Name - complete

          1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

        2. Address Format may be entered in Simple or Detailed form, depending on what the wire instructions indicate - select the appropriate radio button

      3. Optional - Provide Account Information (may be useful to include for internal purposes)

        1. Account Identification

          1. May be an account number or other form of identification

        2. Account Identification Type

          1. In most cases may be BBAN - BBAN Identifier

          2. Other options:

            1. AIIN - Issuer Identification Number

            2. IBAN1 - International Bank Account Number

            3. CUID - CHIPS Universal Identifier

            4. UPIC - UPCI Identifier

            5. Account Identification Type Proprietary - enter custom type

          3. Optional - If provided and/or required by the Beneficiary/Creditor, optional additional identification information may be provided by clicking the Add Additional Information checkbox

            1. Account Identification Issuer - may not be displayed, depending on Account Identification Type selected; entity that assigns the identification

            2. Currency

            3. Account Name - name of the account, as assigned by the account servicing institution, in agreement with the account owner in order to provide an additional means of identification of the account; different from the account owner name

            4. Account Type

              See ISO20022 FedWire Code Appendix 4

            5. Alternate Account Name

            6. Alternate Account Type

              See ISO20022 FedWire Code Appendix 4

  5. Optional - Ultimate Creditor

    The ultimate party to which an amount of money is due

    1. Click the blue dropdown arrow

      1. Select Ultimate Creditor type:

        1. Organization

          1. If provided, include Business Identification Code (BIC) - may use the BIC Search button to auto-fill information

          2. Name - complete if BIC information is not utilized

          3. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

        2. Person

          1. Name - complete

            1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

    2. Complete address information based upon information provided in the wire instructions

  6. Click Next Step

Section 4 - References

  1. Optional - Provide Beneficiary Reference

    1. Optional - Select Purpose for Wire - See ISO20022 FedWire Code Appendix 11, or create custom Purpose for Wire Proprietary

  2. Optional - Provide Instruction

    1. Optional - Select Instruction for Creditor Agent Code

      1. PHOB - Phone Beneficiary

      2. TELB - Telecom

    2. Optional - Provide Instruction for Creditor Agent

      1. up to 140 characters

  3. Optional - Provide Instruction

    1. Optional - Select Instruction for Creditor Agent Code

      1. PHOB - Phone Beneficiary

      2. TELB - Telecom

  4. Optional - Provide Instruction for Creditor Agent

    1. up to 140 characters

  5. Click Next Step

Section 5 - Remittance Information

  1. Optional - Remittance Information

    1. Select radio button to indicate if Remittance Information is:

      1. Summary

        Information supplied to enable the matching/reconciliation of an entry with the items that the payment is intended to settle, such as commercial invoices in an accounts’ receivable system, in an unstructured form

        1. Entry summary information, up to 140 characters

      2. Details

        1. Extensive information may be included by selecting the blue dropdown arrows and providing various information in the sections provided:

          1. Remittance Information - Information supplied to enable the matching of an entry with the items that the transfer is intended to settle, such as commercial invoices in an accounts’ receivable system

          2. Referred Document Information - provides the identification and the content of the referred document

          3. Referred Document Amount - provides details on the amounts of the referred document

          4. Creditor Reference Information - reference information provided by the creditor to allow the identification of the underlying documents

          5. Invoicer - identification of the organization issuing the invoice, when it is different from the creditor or ultimate creditor

          6. Invoicee - identification of the party to whom an invoice is issued, when it is different from the debtor or ultimate debtor

          7. Tax Remittance - provides remittance information about a payment made for tax-related purposes

          8. Garnishment Remittance - provides remittance information about a payment for garnishment-related purposes

      3. Sent Separate from Wire

        1. Indicate how remittance information was sent:

          1. EDIC - Electronic Data Interchange

          2. EMAL - E-mail

          3. FAXI - Fax

          4. POST - Post

          5. SMSM - SMS

          6. URID - Uniform Resource Identifier - a compact string of characters that uniquely identify an abstract or physical resource; the super-set of identifiers, such as URLs, email addresses, ftp sites, etc, and as such, provide the syntax for all of the identification schemes

  2. Click Next Step

Section 6 - Regulatory Reporting

  1. Optional - Regulatory Reporting (up to 10 reports may be entered)

    1. Report

      1. Report Action - select the entity related to the report

        1. Both

        2. Creditor

        3. Debtor

    2. Authority Name

    3. Select the Authority Country

    4. Click Add Regulatory Detail button

      1. Provide:

        1. Detail Type - specifies the type of the information supplied in the regulatory reporting details

        2. Date - date related to the specified type of regulatory reporting details

        3. Country - country related to the specified type of regulatory reporting details

        4. Code - specifies the nature, purpose, and reason for the transaction to be reported for regulatory and statutory requirements in a coded form

        5. Amount - amount of money to be reported for regulatory and statutory requirements

        6. Amount Currency - type of currency specific to a country

        7. Regulatory Information - additional details that cater for specific domestic regulatory requirements

    5. Click Add

  2. Click Next Step

Section 7 - Review

Once all sections have been completed, the User will review all wire detail. If any errors are detected at this time, the User may update the information from this screen or go back and navigate through all screens to make the correction(s).

After wire entry has been reviewed, click Create.

A second User will need to verify the wire. Those steps may be reviewed in the Outgoing Wire Approvals article.