SEPA
AM23
Amount exceeds settlement limit
Category: Amount & Funds R-type: Reject
SCT
N/A
SCT Inst
Applies
SDD Core
N/A
SDD B2B
N/A
Retryable
After PSP confirms settlement capacity or an alternative route
Generated by
Inter-PSP clearing or settlement chain.
ISO 20022 definition
Transaction amount exceeds the inter-PSP settlement limit.
Typical cause
The originator PSP has insufficient prefunded inter-PSP settlement guarantees for this SCT Inst transaction.
What to do about it
Ask the originator PSP to investigate and replenish its settlement guarantees; confirm status before retrying or using another payment route. This is not a payer-selected transfer limit.
Rulebook note
EPC059-18 v7.1 lists AM23 as the current SCT Inst inter-PSP settlement-limit Reject reason.
Confidence: high.
Sourced from PaymentBrief's SEPA R-transaction reference article, cross-verified against ISO 20022 external code sets and EPC guidance documents. Reason-code applicability and timing windows vary by rulebook version and bank handling — verify against your bank or PSP before acting.
Full reference
SEPA Return and Reject Codes: The R-Transaction Reference