MT103 Explained

An MT103 is a standardized SWIFT (Society for Worldwide Interbank Financial Telecommunication) payment message used specifically for cross-border or international wire transfers. It is a globally-accepted proof of payment that includes all the necessary payment details like payment date, amount, currency, sender, and recipient.

Note: Please keep in mind the limitations when withdrawing with an intermediary bank.

What should I do with the MT103?

The MT103 confirms that the payment was sent. It is the only proof of payment impact.com can provide. As the beneficiary of the payment, you can take the MT103 information to your bank, which will need to utilize the provided information to assist them with locating your funds.

• See the MT103 format section below for a breakdown of the information found in an MT103.

MT103 format

Line	Description	Example
20	Transaction reference number	:20:GB123456ABCD21C1
23B	Bank operation code	:23B:CRED
32A	Value date & currency & amount	:32A:220113ZAR15000,05
33B	Currency & original ordered amount	:33B:ZAR15000,05
50A, F or K	Paying customer - Name & Address	:50K:P SHERMAN 42 WALLABY WAY SYDNEY 2000,AUS
52A or D	Ordering bank	:52A:AAYBAU2S
53A, B or D	Sender's correspondent bank	:53B:12345678901
54A, B or D	Receiver's correspondent bank	:54A:BL20070000
56A, C or D	Intermediary (bank)	:56A:CP0103
57A, B, C or D	Account with Institution (your bank)	:57A://SC400515
59 or 59A	Beneficiary Customer - 4x35	:59:/12345678 ACME HOLLYWOOD, CA
70	Remittance information
71A	Details of charges (OUR/SHA/BEN)	:71A:SHA
72	Sender to receiver information	:72:/INS/PMT LEGAL FEES //SYDNEY BRANCH
77B	Regulatory reporting	:77B:PURPOSE:SUPP

Note: impact.com isn't a financial institution and doesn't have access to global banking data. For help locating your payout funds, reach out directly to your bank with your MT103 information.