What is an MT103?

Greater visibility and transparency over your international payments

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Here at Money Mover, we value transparency and security above all else. Knowing where your money is at all times during the transaction process is a comfort and a convenience.

That's why we give you direct access to the MT103 for every one of your payments made through our platform.

What is an MT103?

An MT103 is a standardised SWIFT payment message used specifically for cross border/international wire transfers. We use SWIFT for all payments made via Money Mover.

MT103s are globally accepted as proofs of payment and include all payment details such as date, amount, currency, sender and recipient.

MT103s are also great for tracing payments which are missing or delayed because they show the route of the payment between the banks.

All banks and financial institutions which make payments via SWIFT will have an MT103 for every payment, but they are unlikely to let you have them.

I'm a Money Mover user - how do I view my MT103?

Once your payment has been dispatched, you can retrieve your MT103 by logging into your Money Mover account, selecting your completed payments and clicking 'View'. Your MT103 will appear at the bottom of the record. There's even a 'copy to clipboard' function so you can forward it to your recipient.

Sounds great! How do I get one and how much does it cost?

Banks typically charge $25 and take a week to provide a copy of an MT103. If you're a Money Mover user, you get them instantly and for free with every payment you make with us!

MT103 fields

Use the table below to view the definition of the MT103 fields

Field	Field Name
:20	Transaction Reference Number
:23B	Bank Operation Code
:32A	Value Date / Currency / Interbank Settled
:33B	Currency / Original Ordered Amount
:50A, F or K	Ordering Customer (Payer)
:52A or D	Ordering Institution (Payer's Bank)
:53A, B or D	Sender's Correspondent (Bank)
:54A, B or D	Receiver's Correspondent (Bank)
:56A, C or D	Intermediary (Bank)
:57A, B, C or D	Account with Institution (Beneficiary's Bank)
:59 or 59A	Beneficiary
:70	Remittance Information (Payment Reference)
:71A	Details of Charges (BEN / OUR / SHA)
:72	Sender to Receiver Information
:77B	Regulatory Reporting