Outgoing Domestic - ISO20022 PACS 009 - Financial Institution Credit Transfer

  • Updated on Jul 9, 2025
  • Published on Feb 5, 2025
  • 6 minute(s) read
  • Stephanie Schmidt
  • Jevon Cliffgard
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PACS 009 Financial Institution Credit Transfer wires are meant to send funds directly between financial institutions. These wires are not meant for any business or consumer wires.

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. Click Create New Domestic

  2. 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

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

  4. Select Business Function Code PACS 009

  5. Select Type Code

    See ISO20022 FedWire Code Appendix 2

  6. Provide the Amount

  7. 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. If the Originator/Debtor is the same as the Originator FI/Debtor Agent, check the Same as Originator FI checkbox, otherwise:

  2. If provided, include the Bank Identification Code (BIC) - may use the BIC Search button to autofill information

  3. Name - complete if BIC information is not utilized

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

  5. 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. 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

  6. 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 Business Identification Code (BIC) - may use the BIC Search button to autofill 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

            See ISO20022 FedWire Code Appendix 4

  3. Optional (unless an Intermediary FI was entered) - 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 autofill information

      2. Name - complete if BIC information is not utilized

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

    2. If the same as Beneficiary FI, select the Same as Beneficiary FI checkbox

      1. Identification

        1. If provided, include Bank Identification Code (BIC) - may use the BIC Search button to autofill 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 beneficiary 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. 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. 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. Click Next Step

Section 6 - 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.