A SWIFT MT103 or PACS008 is a detailed document generated after you complete an international transfer at your bank. It confirms that your bank has sent the payment and shows the transaction details, including any fees.
Why you might see two names
Banks are moving from the traditional MT103 format to the new PACS008 format (ISO 20022). This global change will take effect by November 2025, though some banks may start using PACS008 earlier. Both formats are valid and accepted as proof of your international bank transfer.
We may request an MT103 or PACS008 document if we have not received your funds after three business days.
Notes about fees (“Details of Charges” / “Charge Bearer”)
Depending on the format your bank uses, fee options may appear with different labels but have the same meaning:
- OUR / DEBT – you (the sender) pay all fees
- SHA / SHAR – fees are shared between sender and receiver
- BEN / CRED – the receiver pays all fees
Samples
Below are samples of a SWIFT MT103 and a PACS008 for your reference.
- Example of a SWIFT MT103 confirmation document
- Example of a PACS008 payment confirmation document (ISO 20022 format)