SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, a financial services cooperative based in Belgium. It is a detailed document that is generated when you complete an international transfer at your bank. A SWIFT MT103 copy or document is an extract of the electronic payment document sent to the correspondent bank or beneficiary bank. It acts as a confirmation of payment made from your bank and informs the beneficiary of all the details of the transaction, including any fees applied. Any and all banks can provide SWIFT MT103 documents from their completed international transfers. We may request the SWIFT MT103 document from you if we have not received your international bank transfer after three business days.
If your bank enters the incorrect information in the transfer, then a SWIFT amendment will be required. Your bank will be able to amend their original SWIFT. Once this transfer has been amended with the necessary changes, please obtain the SWIFT amendment and send it to Flywire. Having incorrect information can always cause a delay in receiving your payment, and in some cases, it can prevent us from receiving the funds.