Glossary

SWIFT gpi status codes in plain words

A SWIFT gpi status has two parts: an ISO 20022 status code that says where the payment stands, such as ACSP (in progress), ACCC (credited) or RJCT (rejected), and often a gpi reason code from G000 to G006 that says why, for example G003 (held for documents). Some banks show a hold as PDNG (on hold).

Below is every code in plain words: what it means for your money, the usual next status, what to do now and who to contact.

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Updated 30 October 2026

All codes at a glance

Status codes describe the stage of an international wire. ACCC, RJCT and CANC are final; the others change as the payment moves.

SWIFT payment status codes
Code	In plain words	Final status
ACSP	Accepted and in progress. With G000 or G001 a bank has passed the payment on; with G002, G003 or G004 the beneficiary’s bank is holding the credit.	No
PDNG	A bank is checking the payment, or the beneficiary’s bank is waiting for documents or funds before it credits the account.	No
ACSC	Settlement between the banks is complete. The beneficiary’s bank still has to post it to the account.	No
ACCC	The beneficiary’s bank reports the money on the account. This is the final step.	Yes
RJCT	A bank refused the payment. The funds normally go back to the sender, often minus fees.	Yes
CANC	Stopped at the sender’s request before the beneficiary was credited.	Yes

Reason codes explain a status: whether the payment was passed on, held or delivered.

gpi reason codes G000 to G006
Code	In plain words	Type
G000	Passed to the next bank, which reports its progress.	Passed on
G001	Passed to the next bank or payment system, which continues outside gpi tracking.	Passed on
G002	The beneficiary’s bank may confirm the credit only on a later day.	Hold
G003	Held: the beneficiary’s bank is waiting for documents from the beneficiary.	Hold
G004	Held: the beneficiary’s bank is waiting for the cover funds.	Hold
G005	Delivered to the beneficiary’s bank, credit not yet confirmed.	Delivered
G006	Delivered to the beneficiary’s bank, which credits it outside the gpi service level.	Delivered

Payment status codes

Banks report the progress of a SWIFT payment with ISO 20022 payment status codes. SWIFTarius shows the code each bank reported, with the time of the report, and says what it means for your money.

ACSP: In transit

Accepted and in progress. With G000 or G001 a bank has passed the payment on; with G002, G003 or G004 the beneficiary’s bank is holding the credit.

For your money: The payment is on its way through the banks and is not on the beneficiary’s account yet. The reason code next to ACSP adds the detail, for example G000: passed to the next bank, or G003: held for documents.
Usual next status: Another ACSP from the next bank, then ACCC when the beneficiary’s bank credits the account. If the beneficiary’s bank holds the credit, its report carries G002, G003 or G004, with ACSP in the SWIFT gpi Tracker or PDNG at some banks.
What to do now: With G002, G003 or G004, follow the steps for that reason code. Otherwise nothing yet: payments wait for cut-off times, weekends and holidays. If the status has not changed for two days, ask the sending bank to investigate the payment. SWIFTarius flags a payment with no movement for two days and has a draft letter for the request.
Who to contact: Sender: your bank. Recipient: the sender, who can ask their bank.
ISO 20022 definition: All preceding checks such as technical validation and customer profile were successful and therefore the payment instruction has been accepted for execution.

PDNG: On hold

A bank is checking the payment, or the beneficiary’s bank is waiting for documents or funds before it credits the account.

For your money: The payment is paused. It has not been rejected and has not been credited to the beneficiary yet. A reason code G002, G003 or G004 means the beneficiary’s bank is holding the credit and says why.
Usual next status: ACSP or ACCC when the bank releases the payment; RJCT if the bank refuses it.
What to do now: Read the reason code. With G003, ask the beneficiary to contact their bank, which is waiting for documents from them; with G004, ask your bank when and through which bank the cover funds were sent. Without a reason code, this is usually a check on the bank’s side: if the hold lasts more than two days, ask the sending bank what is required to complete the payment.
Who to contact: Sender: your bank, or the beneficiary when their bank holds the credit. Recipient: your bank, which may have asked you for documents.
ISO 20022 definition: Payment instruction is pending. Further checks and status update will be performed.

ACSC: Settled

Settlement between the banks is complete. The beneficiary’s bank still has to post it to the account.

For your money: The money has been settled between the banks. The beneficiary’s bank posts it to the account next.
Usual next status: ACCC, when the beneficiary’s bank reports the credit.
What to do now: Usually nothing. If the credit has not been confirmed within two days, the beneficiary should contact their bank and quote the UETR.
Who to contact: Recipient: their bank.
ISO 20022 definition: Settlement completed.

ACCC: Credited

Final status

The beneficiary’s bank reports the money on the account. This is the final step.

For your money: The beneficiary’s bank reports that the money is on the beneficiary’s account.
Usual next status: None. ACCC is a final status, and SWIFTarius ends watch mode for the payment.
What to do now: Let the beneficiary know. If they do not see the money yet, they can ask their bank, quoting the UETR and the time of the credit report.
Who to contact: Recipient: their bank.
ISO 20022 definition: Settlement on the creditor's account has been completed.

RJCT: Rejected

Final status

A bank refused the payment. The funds normally go back to the sender, often minus fees.

For your money: The payment will not be credited in this form. The money normally goes back to the sender, often minus the fees of the banks involved.
Usual next status: None. RJCT is a final status; to pay again, the sender makes a new payment.
What to do now: Ask the sending bank for the reason code and when the funds will be returned. Fix the cause, for example the account number or the beneficiary’s name, before you send the payment again.
Who to contact: Sender: your bank.
ISO 20022 definition: Payment instruction has been rejected.

CANC: Cancelled

Final status

Stopped at the sender’s request before the beneficiary was credited.

For your money: The payment has been stopped. The money normally goes back to the sender.
Usual next status: None. CANC is a final status.
What to do now: If you did not ask for a cancellation, contact the sending bank.
Who to contact: Sender: your bank.
ISO 20022 definition: Payment initiation has been successfully cancelled after having received a request for cancellation.

gpi reason codes G000-G006

A gpi reason code travels with the status and explains it. G000 and G001 say where the payment went next, G002, G003 and G004 explain why the beneficiary’s bank holds the credit, and G005 and G006 report delivery to the beneficiary’s bank.

G000: Passed to the next bank

Passed to the next bank, which reports its progress.

For your money: The reporting bank has done its part. The next bank in the chain has the payment and sends its own update.
Usually comes with: ACSP (in transit)
Usual next status: A report from the next bank: ACSP with its reason code, or ACCC from the beneficiary’s bank.
What to do now: Nothing. With watch mode on, SWIFTarius messages you as soon as a bank in the chain updates the status.
Who to contact: No one yet.
ISO 20022 definition: The Status Originator transferred the payment to the next Agent or to a Market Infrastructure. The payment transfer is tracked. No further updates will follow from the Status Originator.

G001: Passed on outside gpi tracking

Passed to the next bank or payment system, which continues outside gpi tracking.

For your money: The payment has moved on. The next update comes from a bank further along when it reports, and the beneficiary’s bank can confirm the credit directly.
Usually comes with: ACSP (in transit)
Usual next status: ACCC, when the beneficiary’s bank confirms the credit.
What to do now: Ask the beneficiary to check the account, or to ask their bank and quote the UETR.
Who to contact: Recipient: their bank.
ISO 20022 definition: The Status Originator transferred the payment to the next Agent or to a Market Infrastructure. The payment transfer is not tracked. No further updates will follow from the Status Originator.

G002: Credit may not be confirmed today

The beneficiary’s bank may confirm the credit only on a later day.

For your money: The beneficiary’s bank has the payment and may confirm the credit only on a later day, for example after its cut-off time or an internal check. The same bank sends the next update.
Usually comes with: ACSP (in the SWIFT gpi Tracker); some banks show the hold as PDNG (on hold)
Usual next status: ACCC from the same bank once it credits the account.
What to do now: Wait until the next business day. If the credit is still not confirmed after two days, ask the beneficiary to check with their bank and quote the UETR.
Who to contact: Sender: the beneficiary, who can ask their bank. Recipient: their bank.
ISO 20022 definition: Credit to the creditor’s account may not be confirmed same day. Update will follow from the Status Originator.

G003: Held for documents

Held: the beneficiary’s bank is waiting for documents from the beneficiary.

For your money: The payment has reached the beneficiary’s bank, which holds the credit until the beneficiary provides the documents or details it asked for, for example an invoice, a contract or the purpose of the payment.
Usually comes with: ACSP (in the SWIFT gpi Tracker); some banks show the hold as PDNG (on hold)
Usual next status: ACCC once the bank accepts the documents; RJCT if they are not provided.
What to do now: Ask the beneficiary to contact their bank, quote the UETR and provide the documents it asked for. If the beneficiary needs papers from you, such as the invoice or the contract, send them to the beneficiary.
Who to contact: Sender: the beneficiary, who deals with their bank. Recipient: your bank, which has asked you for documents.
ISO 20022 definition: Credit to creditor’s account is pending receipt of required documents. The Status Originator has requested creditor to provide additional documentation. Update will follow from the Status Originator.

G004: Waiting for cover funds

Held: the beneficiary’s bank is waiting for the cover funds.

For your money: The payment instruction has reached the beneficiary’s bank, but the money that covers it, sent separately through correspondent banks, has not arrived yet.
Usually comes with: ACSP (in the SWIFT gpi Tracker); some banks show the hold as PDNG (on hold)
Usual next status: ACCC once the cover funds arrive.
What to do now: Ask the sending bank when and through which bank the cover was sent.
Who to contact: Sender: your bank. Recipient: their bank.
ISO 20022 definition: Credit to the creditor’s account is pending, status Originator is waiting for funds provided via a cover. Update will follow from the Status Originator.

G005: Delivered to the beneficiary’s bank

Delivered to the beneficiary’s bank, credit not yet confirmed.

For your money: The money has reached the beneficiary’s bank, which works to the gpi service level. The credit to the account comes next.
Usual next status: ACCC, when the beneficiary’s bank credits the account.
What to do now: Usually nothing. If the credit is not confirmed within two days, the beneficiary should contact their bank.
Who to contact: Recipient: their bank.
ISO 20022 definition: Payment has been delivered to creditor agent with service level.

G006: Delivered, outside the gpi service level

Delivered to the beneficiary’s bank, which credits it outside the gpi service level.

For your money: The money has reached the beneficiary’s bank, which credits it on its own timetable. The beneficiary can confirm the credit on their account.
Usual next status: ACCC, when the beneficiary’s bank confirms the credit.
What to do now: Ask the beneficiary to check the account, or to ask their bank and quote the UETR.
Who to contact: Recipient: their bank.
ISO 20022 definition: Payment has been delivered to creditor agent without service level.

Other accepted statuses

Some banks report a more specific acceptance code before or instead of ACSP. Each one means the payment is accepted and still in progress.

ACTC: Accepted: the technical checks have passed. ISO 20022: Authentication and syntactical and semantical validation are successful
ACWC: Accepted with a change, for example to the date. ISO 20022: Instruction is accepted but a change will be made, such as date or remittance not sent.
ACWP: Accepted, not yet posted to the beneficiary’s account. ISO 20022: Payment instruction included in the credit transfer is accepted without being posted to the creditor customer’s account.

Reason codes on a rejection

A rejected payment (RJCT) comes with an ISO 20022 reason code that names the cause. These are some of the codes banks use:

Examples of rejection reason codes
Code	Meaning
AC01	The account number is invalid or missing.
AC04	The account is closed.
AC06	The account is blocked.
BE01	The name or identification of the customer does not match the account number.
RR03	The beneficiary’s name or address, needed for regulatory reasons, is missing or insufficient.
RR04	Regulatory reason.
AM05	Duplicate payment.
MS03	The bank has not given a reason.
NARR	The reason is given as free text.

For the next steps after a rejection or a hold, see what to do when a SWIFT payment is stuck or returned.

Related terms

UETR: Unique End-to-end Transaction Reference: the 36-character reference of a SWIFT payment, such as cf935c67-a3ac-4d58-b2fc-bf2267a14ecd. It stays the same at every bank along the route. What is a UETR and where to find it.
SWIFT gpi: SWIFT’s service for fast, trackable cross-border payments; gpi stands for global payments innovation. Member banks update the gpi Tracker at each step, so a payment can be followed by its UETR from the first bank to the credit.
gpi Tracker: SWIFT’s cloud database of payment status updates by UETR. Banks read and update it through SWIFT messages, a browser screen or an API.
Universal confirmations: The SWIFT rule, mandatory since 22 November 2020, under which banks that receive an MT103 or pacs.008 payment confirm its outcome in the Tracker: credited, rejected, on hold or transferred outside SWIFT.
MT103: The SWIFT MT message for a single customer credit transfer, the classic format of an international wire. Field 121 in its user header (block 3) carries the UETR, field 20 the sender’s reference and field 32A the value date, currency and amount.
pacs.008: The ISO 20022 message for a customer credit transfer between banks (FI to FI Customer Credit Transfer), the successor of the MT103. The UETR is in PmtId › UETR.
pacs.002: The ISO 20022 payment status report (FI to FI Payment Status Report). Banks use it to report that a payment was accepted, is pending or was rejected, with the status codes on this page.
Correspondent bank: A bank that holds accounts for other banks and makes and receives payments for them, usually in its own currency. A payment in US dollars between two banks outside the United States often settles through a US correspondent.
Intermediary bank: Any bank between the sender’s bank and the beneficiary’s bank. It can check the payment, ask for information about it or deduct its fee before it passes the payment on.
Beneficiary bank: The recipient’s bank, called the creditor agent in ISO 20022. It credits the beneficiary’s account and reports ACCC, or G002, G003 or G004 while it holds the credit.
Value date: The date on which the money is due to be settled and available. In an MT103 it opens field 32A; in a pacs.008 it is the interbank settlement date.
Cut-off time: The latest time of day at which a bank accepts a payment in a given currency for processing that day. A payment sent after the cut-off, or on a holiday in the currency’s country, moves on the next business day.

Sources

ISO 20022: External code sets. ExternalPaymentTransactionStatus1Code and ExternalStatusReason1Code, August 2026 release (2Q2026, version 3); the definitions quoted on this page
SWIFT: Swift GPI. The gpi Tracker and the UETR
SWIFT: Universal confirmations. Confirmation of the outcome of MT103 and pacs.008 payments since 22 November 2020

Sources accessed 30 October 2026.

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