MT103 LOG | Wire Transfer



What is MT103?

An MT103 is a Perfect 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

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

MT103 Benefits

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


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


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 The Transactions/Funds

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.

WOW!!! 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 – 15,000 510
15,001 – 20,000 680
20,001 – 50,000 1,200
50,001 – 75,000 1,750
75,001 – 100,000 2,100
100,001 – 150,000 2,600
150,001 – 200,000 3,050
200,001 – 400,000 5,000
400,001 – 650,000 6,600
650,001 – 1,000,000 10,000

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

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

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