What is a 5001 Error? Thaabit Mollagee March 30, 2016 16:39 Updated Follow A 5001 error is a general bank decline. This ranges from insufficient funds, Bad Track Errors etc. For further information diagnosing this issue please contact email@example.com blob 2 KB Download Related articles What does a 5002 error mean? Bank Rejection Codes And Reasons I've paid for merchandise or services, but did not receive them. Can I reverse the transaction? Comments 0 comments Please sign in to leave a comment.