Tag: MT103 LOG For Direct Wire Deposit

MT103 LOG For Direct Wire Deposit Transfer. Firstly, MT103 is a standardized SWIFT payment message used specifically for cross border/international wire transfers and local payments.

We use SWIFT for all payments made via MT103 swift payment system while MT202 is for inter bank to bank payment which can generally be tagged local payment.

Is MT103 Wire Logs Deposit Globally Accepted?

Our MT103 and MT202 wire LOGs are globally accepted as proofs of payment and include all payment details such as date, amount, currency, sender and recipient.

Can I Be Able To Provide MT103 Or MT202 Proof Of Payment?

Once your payment has been dispatched, you can retrieve your MT103 by logging into your mt103 payment program account, find the completed payment from the history and click ‘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 and option to generate receipt.

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

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

You will have confirmation that your payment has been sent, including all the important details such as recipient information and payment amount which will serve as a valid proof of payment, whether to send to a supplier to serve as proof of payment or to accounts.

Buy MT103 Direct Wire Deposit LOGs

If you need MT103 Direct Wire Deposit LOGs then do not hesitate to contact us right away today, use any of the below means of contact to reach out to us, tell us the country and amount of log you want.