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MT103

Banking

Banking at a Glance
Bank Swift Messages used by Real Buyers and Sellers

 

SWIFT MT103
SWIFT MT103′s are the most commonly used form of SWIFT communication, and one which many people will have utilized without even knowing it. For most bank customers, they are known not as MT103's at all, but rather as wire transfers, telegraphic transfers, or SWIFT transfers. A SWIFT MT103 is used by the bank when its customers wish to make payment to customers of another bank in another country.

 
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