MT940

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MT940 is a format used by the SWIFT network to send and receive end-of-day bank account statements.[1]

'MT940' (MT = Message Type) is the SWIFT standard (Banking Communication Standard) for the electronic transmission of account statement data. In various Online Banking programs, MT940 is used as an interface[disambiguation needed] to other programs (e.g. for accounting), with which the account statement data are processed further. The MT formats (Message Types, MT) currently used in the SWIFT community, which also include MT940, are to be replaced in the long term by the XML formats described in the ISO 20022 standard to achieve global unification (see also Camt format).

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References[edit]

  1. ^ "Format Description MT940" (PDF). Archived from the original (PDF) on 25 July 2016. Retrieved 25 July 2016.