Accounts in foreign banks

Reporting services for better liquidity management: SWIFT MT940, MT941, MT942

The statement of an account with Swedbank can be sent to another bank or corporate (member of SCORE) by SWIFT message (MT940, MT941, MT942), which is usually displayed to the client in the Internet bank of a foreign bank. A SWIFT MT940 message is a statement of the transactions for the previous day, which is forwarded to the bank/corporate specified by the client by 6:00 a.m. of the following banking day (Central European time). The statement contains full information about receipts to the account and payments from the account sorted by currencies. MT941 is intra-day balance statement, which is used to transmit balance information, reflecting the situation at the identified time. MT942 is intra-day transacton report, which is used to transmit detailed information about entries debited or credited to the account at the identified time.

Forwarding of payment orders by SWIFT message: SWIFT MT101*

It is possible to submit a domestic or international payment order to Swedbank, AB through a foreign bank by SWIFT message (MT101). Depending on the foreign bank, a payment order can be sent through the Internet bank or submitted to a bank branch.

* The use of the SWIFT MT101 service depends on availability of an effective agreement made between Swedbank and a foreign bank.