🔄 SWIFT MT‑101 – Request for Transfer

US Capital Private Bank Knowledge Base

MT‑101 is a SWIFT Category 1 message used by a financial institution or corporate customer to request the execution of multiple customer credit transfers or payments from their account held at a bank. It is typically used for bulk or batch payments such as payroll, vendor payments, or treasury operations.

📘 What is MT‑101?

• Purpose: Initiates one or more debit instructions from a debtor account to transfer funds to one or more beneficiaries.

• Common Use Cases:

  • Corporate salary/wage disbursements

  • Supplier/vendor payments

  • Intercompany transfers

  • Treasury cash management

• Supports multiple transactions within a single message, improving efficiency and reducing manual input errors.

⚙️ Message Structure & Key Fields

🧩 Features

• Supports multiple credit transfers in one message (batch payments).

• Enables automation of payment workflows for corporates and banks.

• Supports prioritization and scheduling of payments.

• Enhances audit trail and traceability of bulk payments.

🔐 Compliance & Security

• SWIFT network ensures secure and authenticated transmission.

• Supports payment instructions conforming to AML and KYC requirements.

• Can be integrated with treasury management systems for automated reconciliation.

✅ Best Practices

1. Use a unique reference number (:20:) for each MT-101 to avoid duplicates.

2. Clearly specify execution dates (:30:) to ensure timely payments.

3. Provide detailed remittance information (:70:) for beneficiary reconciliation.

4. Specify charges details (:71A:) to clarify who bears transaction fees.

5. Validate all BICs and account numbers to ensure accurate routing.

📞 Contact US Capital Private Bank

📧 Email: [email protected]
🌐 Website: https://uscapitalprivatebank.com
📞 Phone: +971 52 992 6005

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