MT103 Wire LOG | Direct Wire Transfer

Developer — Tue, 10 Mar 2020 05:26:18 +0000

MT103 Wire LOG: At Flash Funds, Privacy and transparency are our top priorities. It is a comfort and convenience to always first hand information on the process and progress of your transaction when completed.

For this reason, we provide immediate access for any LOG purchased through our platform. Our MT103 has all login information. The balance may always be checked by users following a transaction.

For enquiry, click HERE to contact Developer. You can also use the WhatsApp Icon on your screen.

What is an MT103?

An MT103 is a standardized SWIFT payment message used specifically for cross border/international wire transfers. We use SWIFT for all payments made via MT103s.

Our MT103 LOGs are globally accepted as proofs of payment and include all payment details such as date, amount, currency, sender and recipient.

Our MT103s are also great for tracing payments which are missing or delayed because they show the route of the payment between the banks.

OTP Bypass Feature Of Flash Funds

I’m a Flash Funds user – how do I view my MT103?

Once your payment has been dispatched, you can retrieve your MT103 by logging into your Flash Funds account, selecting your completed payments and clicking ‘View’. Your MT103 will appear at the bottom of the record. There’s even a ‘copy to clipboard’ function so you can forward it to your recipient.

MT103 fields

Use the table below to view the definition of the MT103 fields

Field	Field Name
:20	Transaction Reference Number
:23B	Bank Operation Code
:32A	Value Date / Currency / Interbank Settled
:33B	Currency / Original Ordered Amount
:50A, F or K	Ordering Customer (Payer)
:52A or D	Ordering Institution (Payer’s Bank)
:53A, B or D	Sender’s Correspondent (Bank)
:54A, B or D	Receiver’s Correspondent (Bank)
:56A, C or D	Intermediary (Bank)
:57A, B, C or D	Account with Institution (Beneficiary’s Bank)
:59 or 59A	Beneficiary
:70	Remittance Information (Payment Reference)
:71A	Details of Charges (BEN / OUR / SHA)
:72	Sender to Receiver Information
:77B	Regulatory Reporting

Benefits of MT103

Having direct access to MT103 Wire LOG for each of your payments gives you greater control and information.

Confirmation

You have confirmation that your payment has been sent, including all the important details such as recipient information and payment amount.

Evidence

Serves as a valid proof of payment, whether to send to a supplier to serve as proof of payment or to accounts payable for reconciliation purposes.

Tracking

An MT103 Wire LOG can help with payment location and tracking if the funds are held up in regional clearing banks on the way to your recipient.

Sounds great! How do I get one and how much does it cost?

Below is a table that displays the price variation of the MT103 LOG. These prices are subjected to the balance on the LOG. If you’re a Flash Funds user, you get them instantly and for free with every payment you make with us!

MT103 Balance (USD)	Price ( USD )
10,001 – 15,000	500
15,001 – 20,000	650
20,001 – 50,000	1,200
50,001 – 75,000	1,700
75,001 – 100,000	2,000
100,001 – 150,000	2,500
150,001 – 200,000	3,000
200,001 – 400,000	5,000
400,001 – 650,000	6,500
650,001 – 1,000,000	10,000

Note: the prices listed above are for MT103 Wire LOGS and not Flash Funds Pro.