MT101 is a form of payment that allows your payments to be sent to your payees in other banks both domestic and abroad in a fast and secure manner with the internationally accepted Swift Channel in its standard format.
MT101 is especially preferred by our multinational customers. Payment orders are sent to Banks via MT-101 message in order to centralize treasury transactions.
Since our Bank is also a member of SCORE in addition to SWIFT, orders can be received via SWIFT with an intermediary bank or via SCORE from customers' own BIC addresses.
MT 101 instructions are accepted by our Bank in both FIN and Fileact formats. Money transfers, EFT, cash and cash-against-goods imports and foreign exchange transfers are completed with the Cash Management File Automation system without any employee interference.
Advantages Provided to Your Company
Provides access to all banks that are members of Swift
Since the Swift message is a payment order, no written order or approval is required.
Provides centralization of your global parent company through Swift membership
Increases the operational efficiency of your company with fast, safe and standard flow
With SWIFT GPI(global payment innovation) Tracker service the current state of foreign currency transfer transactions made through SWIFT can be traced via our Internet Branch and our mobile banking application IsCep.
With the SWIFT Tracker Service, Isbank customers can instantly trace the status of;
outgoing SWIFT transfers
beneficiary bank and related fee information if any apply
date and time information of the transactions made between the correspondent bank and the receiving bank.
The status of foreign currency transfers is updated instantly through the banks that are member of the SWIFT GPI network, aiming the SWIFT transfers to occur fast, secure and transparently.