ISO 20022 Summary

For our Online Cash Management Customers
Announcing ISO 20022 Standards -
Effective July 14, 2025
 
ISO 20022 is a new global standard for electronic payments.  The Federal Reserve is transitioning to this system on July 14, 2025 to align with international practices, improve the tracking of payments, and reduce errors during processing.
 
As part of this update, you’ll see some changes in wire transfer terminology:
 
Current Terminology New Terminology 
Credit Account Name
Creditor
Originator Debtor
Originating Bank/Sending Bank Debtor and Instructing Agent
Beneficiary Bank Creditor Agent
Routing Number Agent ID
Reference Beneficiary End-to-End ID
Address Line 1 Building Number, Street Name
Address Lines 2-3 Department, Sub-department, Building Name, Floor, Room, Town Location Name, District Name, Post Box
City Town Name
State Country Subdivision
Zip Code Post Code
Country Country Code
Account Number Account Number
Amount Amount
Remarks Remittance Information






If you currently use wire transfer templates within our online cash management service, this change will impact you.  You will notice the changes in terminology outlined above on your wire transfers effective July 14, 2025. 
 
Your existing templates will no longer be available for use.  We encourage all cash management users to print their saved templates to easily re-enter your reoccurring wire transfers after the ISO format changes are in effect.
Individual communications were sent via email to all cash management users.





























Frequently Asked Questions
ISO 20022 is a new global standard for electronic payments. The Federal Reserve is transitioning to this system on July 14, 2025, to align with international practices, improve the tracking of payments, and reduce errors during processing.
All wire transfers sent through the Federal Reserve on or after July 14, 2025, must comply with the new ISO 20022 standards. This means there will be changes to the format and field labels you see when sending wire transfers via online cash management templates.
Your wire transfers will continue to be processed. However, you will notice changes in some of the fields and the terminology used on the wire transfer screens and in notifications. The benefit of this change is improved tracking and more structured data, which will help payments move more efficiently.
Yes, if you use wire templates with online cash management. Your existing recurring wire templates will no longer be available after July 14, 2025. We strongly recommend that you print your current wire templates before this date so you can use them as a reference when creating future wires in the new ISO format.
We do not anticipate any delays in the processing of your wire transfers during this transition period.
Yes, you will continue to receive wire notifications as you do today. However, the format, field names, and terminology used in these notices will be different to align with the ISO 20022 standards.









If you have any questions about this change or need help navigating the wire transfer screens after the transition, please contact our Business Banking team at 770-567-2555 or email us at bizbanking@unitedbank.net.  

You can also find additional resources provided by the Federal Reserve here: Federal Reserve Resources.