What does the SWIFT MT999 option provide?

What does the SWIFT MT999 option provide?

An account with the SWIFT MT999 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in the account, with no further comment. This SWIFT format is an appropriate message for a simple Proof of Funds communication and it is part of the Common Group of SWIFT formats providing a General Free Format for SWIFT messaging. There is a $1 million minimum account size for a SWIFT MT999, and additional costs apply. View MT999 example

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