Glossary of a SPEI transfer
The terms that appear on a receipt, on the Banxico CEP form and in this hub's guides. They are in the order you need them, not alphabetical.
Receipt
It is the screenshot, the photo or the PDF the payer sends you. It comes from the sender's bank, so on its own it does not prove the money reached the account.
What the CEP proves Frequently asked questions on the home page
Official receipt
The document Banxico issues for a settled SPEI transfer, signed by the bank that received the payment. In these guides it is always the CEP.
CEP
CEP stands for Comprobante Electrónico de Pago: it is the name of the official Banxico receipt. You can download it as PDF to read it or as XML to process its data.
Where to download it Frequently asked questions on the home page
Tracking key
It is the identifier your bank assigns to a SPEI transfer. You find it in the movement details; it is also called «código de rastreo».
What the tracking key is Frequently asked questions on the home page
CLABE
It stands for Clave Bancaria Estandarizada and has 18 digits. It identifies a bank account, and it is what the CEP form asks for as the beneficiary account.
Where to download it Frequently asked questions on the home page
SPEI
It stands for Sistema de Pagos Electrónicos Interbancarios and the Bank of Mexico operates it. It moves the money between the institutions that take part in it.
Verdict
It is what Veriko answers after looking up the CEP with Banxico: whether the payment exists, and with what date, amount and banks.
How Veriko does it Frequently asked questions on the home page
Sender
Whoever sends the money in a SPEI transfer. The CEP keeps their name and the bank they paid from.
Beneficiary
Whoever receives the money in a SPEI transfer. The CLABE or account number identify which of their accounts the payment reached.
Reference number
An identifier some banks use as an alternative to the tracking key when looking up a transfer. Banxico accepts either one.
Payment concept
The text whoever pays writes to describe the transfer. The CEP keeps it along with the amount, and Banxico doesn't validate it: it can say anything.
Business banking day
A day financial institutions operate normally, per the calendar the CNBV publishes every December. Saturdays, Sundays and the year's non-business days don't count.
Settlement
The moment SPEI confirms the money moved from one account to another. It happens in real time, and it's what makes a SPEI transfer nearly instant.
Operating date
The SPEI business day Banxico assigns a transfer to, different from the sending date if it crosses the 18:00 cutoff. The CEP prints it, but the Banxico form asks for the sending date.
MI-SPEI
The Bank of Mexico's module for looking up SPEI transfers already made. The CEP is one of its services, and the only one that doesn't need an account.
SPID
Dollar Payment System. It's a sister system to SPEI for foreign-currency payments, also operated by Banxico; Veriko doesn't use it.
DiMo
The Banxico service that links your phone number to your bank account to receive transfers. It settles through SPEI, just like any other.
CoDi
The Banxico service for paying and getting paid with a QR code or NFC from your phone. It's processed through SPEI and has no additional fees.
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