Term
What is MT940? Meaning and explanation
MT940 is an older SWIFT format for digital bank statements, imported into accounting software and increasingly replaced by CAMT.053.
Definition
MT940 is an older SWIFT format for digital bank statements, imported into accounting software and increasingly replaced by CAMT.053.
Also known as: MT940, MT 940, SWIFT MT940
With an automatic bank feed, manual MT940 imports are usually no longer needed.
Further reading
Related in the knowledge base.
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