AccountSwitchInformationRequestV06 (AcctSwtchInfReq)

Scope

The AccountSwitchInformationRequest message is sent by the new account servicer to the account servicer which previously held the account to initiate the account switch process. It provides information sufficient for the old account servicer to identify the old account and validate the account parties. The new account servicer is able to inform the old bank of the maximum funding the new account will provide to settle a negative closing balance and the proposed balance transfer window.

Outline

The AccountSwitchInformationRequestV06 MessageDefinition is composed of 6 MessageBuildingBlocks:

Message Identification — Unique identification for the message.
Account Switch Details — Contains information about the details of the account switch.
New Account — Account servicer holding the account to which the switch will be made. That is, the acquiring account servicer.
Old Account — Account held at the old account servicer being switched to the new account servicer.
Balance Transfer — Information that enables the receiving account servicer to reconcile the payment with the request.
Supplementary Data — Additional information that cannot be captured in the structured elements and/or any other specific block.