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MT940

MT940

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**MT940**

What is MT940?

MT940 is a SWIFT (Society for Worldwide Interbank Financial Telecommunication) message format used for transmitting bank account transaction information. It's a standardized electronic bank statement format that allows banks to send detailed information about account activity to their customers, including debits, credits, and balances. It is commonly used for account reconciliation and automated payment processing.

Which organizations are mentioning MT940?

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