November 2, 2021
TO : ALL PESONet PARTICIPATING BANKS/INSTITUTIONS
RE : PROPER USE OF THE 'DS04' STATUS CODE
1. PESONet ACH Operations Committee requested that a survey be conducted on the use of "DS04" Status Code
(Beneficiary account could not be funded within the prescribed timeframe) as a reason to return a PESONet
2. The information that will be obtained from the participants shall be summarized to arrive at a common
understanding on the appropriate use of the said code among other Statuses which the Committee intends to
clarify in a separate memo circular.
3. We request that you kindly accomplish the attached form and submit to the following email addresses on or
before November 5, 2021, to wit:
4. We count on your full support and immediate feedback.