What is an MT103?

Greater visibility and transparency over your international payments

The highest standard of information

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 Name


Transaction Reference Number


Bank Operation Code


Value Date / Currency / Interbank Settled


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



Remittance Information (Payment Reference)


Details of Charges (BEN / OUR / SHA)


Sender to Receiver Information


Regulatory Reporting

MT103 and payment tracking

Benefits of MT103s

Having direct access to MT103s for each of your payments gives you greater control and information.



You have confirmation that your payment has been sent, including all the important details such as recipient information and payment amount.



Serves as a valid proof of payment, whether to send to a supplier to serve as proof of payment or to accounts payable for reconciliation purposes.



An MT103 can help with payment location and tracking if the funds are held up in regional clearing banks on the way to your recipient.

Money Mover business account

All the tools you need to operate your business internationally


Tools and information to help you get started and get the most from the platform

Business icon

BIC / SWIFT checker

Use our BIC / SWIFT checker to validate your BIC and confirm the bank name and bank address

Account icon

IBAN checker

Use our IBAN checker to validate your IBAN and confirm the bank name, bank address and BIC code

Flag icon

Country guide

Find out about the countries we support and for useful information such as payment timelines

Currencies icon

Currency guide

Make payments in over 25 currencies. Find out more about the currencies we support