TM01: Cut-off times not met
SEPA return code TM01 — belongs to the TM group (tiempos).
TL;DR
- Meaning: Cut-off times not met.
- Category: Tiempos.
- Common cause: you sent the batch too late: after D-1 business day before the due date, or after your bank’s cut-off time.
- How to fix it: re-issue respecting the new due dates. doesn’t apply to sct inst.
- Bank fee? Typically yes (depends on your bank contract).
When it appears
You sent the batch too late. Since November 2016 it must arrive by D-1 interbank business day before the due date, whatever the sequence type (FRST, RCUR, OOFF or FNAL). Your bank may set an earlier cut-off time.
How to fix it
Re-issue respecting the new due dates. Doesn’t apply to SCT Inst.
XML example
This code lives inside the <RsnInf> block of the return message (pain.002 or camt.054):
<Rtr>
<RsnInf>
<Rsn>
<Cd>TM01</Cd>
</Rsn>
<AddtlInf>Return because of cut-off times not met</AddtlInf>
</RsnInf>
</Rtr>
Prevention
Before sending the batch to your bank, validate it with our SEPA XML Validator. Catch the errors your ERP misses and reduce TM-type returns.
Conclusion
TM01 is a tiempos type return. Follow the steps above to fix and re-issue.
