Term
What is CAMT.053? Meaning and explanation
CAMT.053 is a standardised XML format for digital bank statements under ISO 20022, the modern successor to MT940.
Definition
CAMT.053 is a standardised XML format for digital bank statements under ISO 20022, the modern successor to MT940.
Also known as: CAMT.053, CAMT053, camt.053, ISO 20022 bankafschrift
It carries more structured detail per transaction than MT940, which helps when matching payments to invoices.
Further reading
Related in the knowledge base.
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