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SWIFT MT199 is a free-format message, used for situations where nothing else seems suitable. It seems a strange choice for a POF message, since there is a transaction type (MT799) specificlaly for that.

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15y ago

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Yes, an MT 199 message can be used to provide proof of funds in certain contexts. This message type is commonly used for free-format text communication between financial institutions and can confirm the availability of funds. However, it is important to note that the MT 199 itself is not a formal guarantee or certification of funds; it serves more as a communication tool. For official proof of funds, banks typically issue more formal documentation, such as bank statements or letters of guarantee.


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