What is an MT103 Flash Funds? 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.
Is Of Different Types Majorly MT103 And MT202
MT103 is the direct payment order to the beneficiary’s bank that results in the beneficiary’s account being credited a specific funding amount. The MT202 COV is the bank-to-bank order that instructs funds movement in alignment with the MT103 messages.