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MT940 statement format

Format overview

An example of the Domestic BankRec MT940 file format layout structure is indicated in the diagram below. If you require statements for multiple accounts you can opt to receive a separate statement per account or a single statement combining data for all accounts.

MT940 file layout

File specification

Tag Field Name Field Description / Characteristics Data Format (length) Mandatory / Optional
N/A Message Header The Message Header opens the Domestic MT940 message. It includes the sender and destination BIC. It will be populated with a value of:
{1:F01WPACAU2SAXXX0000000000}{2:I940WIBSXXXXN}{4:

In this example the sender BIC is WPACAU2SAXXX and the destination BIC is WIBSXXXXN. These values will be hardcoded in the statements you received.		 Alphanumeric (variable) Mandatory
:20: Transaction Reference Number This field contains a BankRec generated transaction reference which unambiguously identifies the message.
It will be populated with the characters "CSCT" followed by the "Account BSB" and "Account Number".
For Example :20:CSCT032000136465		 Alphanumeric (16) Mandatory
:25: Account Identification This field identifies current account the account. It will be populated with the "Account BSB" and "Account Number".
For Example :25:032000136465		 Alphanumeric (12) Mandatory
:28C: Statement Number / Sequence Number This field contains the Statement Number, followed by the Sequence Number, separated by a / character.

The Statement Number represents the banking day on which the subsequent transactions occurred. This will be an incrementing sequence. For example, the Statement Number for the first banking day of the year would be 00001 etc.

The Sequence Number will be populated with 001. This value will only change for messages sent via the SWIFT network (see SWIFT Support).

For Example: :28C:00001/001.		 Numeric (5/3) Mandatory
:60F: Opening Balance (final) This field contains the "final opening balance". It will be populated as follows:
  • Balance Indicator: C or D for credit or debit opening account balance amounts respectively (1 Character).
  • Balance Date: The statement date formatted YYMMDD (6 Digits).
  • Currency Code: Currency code will be represented as a valid ISO 4217 currency code (3 Characters).
  • Final Opening Balance Amount: Final open balance amount including decimal places consistent with the previous Currency Code (19 characters).
For Example :60F:C171120AUD98838,27

Details reported in this tag will match those reported in the previous statements Final Closing Balance.		 Alphanumeric (29) Mandatory
:61: Statement Line This tag represents a Bank Statement Line for the current Bank Statement. It will be populated as follows:
  • Value Date: Transaction value date formatted YYMMDD (6 Digits).
  • Entry Date: Transaction entry date formatted MMDD (4 Digits).
  • Credit/Debit Indicator: Indicator to identify the transaction as a credit (C) or a debit (D) (1 Character).
  • Transaction Amount: Transaction amount including decimal places consistent with the statement currency (19 characters).
  • Transaction Code: See MT940 Transaction Codes below
  • Transaction Number: Narrative for the current transaction. For enriched lines, see Enrichment Support below.
  • Reference Separator: Hardcoded reference separator //
  • Bank Reference: Bank generated reference for the current transaction. This will be derived using a combination of the Entry Date, Serial Code and Transaction Code fields.
  • CRLF: Present only if the following Supplementary Details are present. Contains CRLF new-line characters (optional).
  • Supplementary Details: Supplementary payment information(optional).

For Example (including supplementary reference): :61:1507020702D115945,00F014NARRATIVE//0207150143062089CRLF1234567890		 Alphanumeric (65 for line 1) (34 for line 2) Optional
:86: Statement Line Narrative This field reports additional information about the transaction described in the preceding statement line (:61:) Alphanumeric (6 lines of 65 characters) Optional
:62F: Closing Balance (Final) This field contains the "final" closing balance. It will be populated as follows:
  • Balance Indicator: C or D for credit or debit opening account balance amounts respectively (1 Character)
  • Balance Date: Balance Date formatted YYMMDD (6 Digits).
  • Currency Code: Currency code will be represented as a valid ISO 4217 currency code (3 Characters).
  • Final Closing Balance Amount: Final closing balance amount including decimal places consistent with the previous Currency Code.
For Example :62F:C091120AUD98838,27		 Alphanumeric (29) Mandatory
:64: Closing Available Balance This field reports any funds that are available to the account owner if the account is in "credit" or the balance on the account that will be subject to interest charges if the account is in "debit".
It will be populated as follows:
  • Balance Indicator: C or D for credit or debit opening account balance amounts respectively (1 Character).
  • Balance Date: Balance Date formatted YYMMDD (6 Digits)
  • Currency Code: Currency code will be represented as a valid ISO 4217 currency code (3 Characters).
  • Available Closing Balance: Available closing balance amount including decimal places consistent with the previous Currency Code.
For Example :64:C091120AUD98838,27		 Alphanumeric (29) Optional
N/A Message Footer The Footer Record closes the Domestic MT940 message. It will be populated with a fixed value of -}. Alphanumeric (2) Mandatory

MT940 transaction codes

The Transaction Code that appears within each :61: entry can be used to determine the type of transaction. For example, a Westpac 070 Transaction Code represents a direct credit into your account.

There are three options available when determining the transaction codes that will be used for :61: entries, how you select an option will be dependent on whether any enrichment is performed, and whether your message is transmitted via the SWIFT Network:

Default Westpac MT940 transaction codes

This is the simplest option for most customers. Westpac Transaction Codes will be used and prefixed with an F.
For Example: F050.

SWIFT MT940 transaction codes

If the BankRec MT940 message is to be delivered over SWIFT FIN, or if the customer prefers, transmission specific restrictions necessitate the use of official SWIFT transaction codes.
For Example: NMSC

Custom MT940 transaction codes

If none of the Transaction Code schemes suit your specific needs you can discuss customising them to better fit your requirements.

Note: this is non-standard and there will be additional fees to collect the requirements and maintain the custom mapping.

Enrichment support

If you receive a data-enriched (bulked, reconciled, debulked or enriched) statement there will be some modifications to the transaction (:61:) records.

Bulked/reconciled enrichment

For bulked and reconciled enrichment, the following modifications will be performed to the :61: tag lines:

  • Transaction Number: This field will be populated with the Batch Payment Reference Code.
  • Bank Reference: This field will be populated with a unique, BankRec-generated transaction identifier.
  • Supplementary Reference: This field will be populated with the Batch Payment Code.

Debulked receivables enrichment

For debulked receivables enrichment, the following modifications will be performed to the :61: tag lines:

  • Each :61: line that previously represented a bulk settlement record will be replaced with multiple :61: that represent the individual payments that formed part of the bulk settlement.
  • Transaction Number: This field will be populated with the Customer Reference Number.
  • Bank Reference: This field will be populated with a unique, BankRec-generated transaction identifier.
  • Supplementary Reference: If available, this field will be populated with the Payment Reference.

Note: For debulked lines there will be no :86: tags.

Debulked payables enrichment

For debulked payables enrichment, the following modifications will be performed to the :61: tag lines:

  • Each :61: line that previously represented a bulk settlement record will be replaced with multiple :61: that represent individual payments that formed part of the bulk settlement.
  • Transaction Number: This field will be populated with the Payer Reference (a unique payment reference you provide).
  • Bank Reference: This field will be populated with a unique, BankRec-generated transaction identifier.
  • Supplementary Reference: If available, this field will be populated with the Payee Reference (a payment reference you provide that can appear on your customers statements).

Note: For debulked lines there will be no :86: tags.

External entry enrichment

For external entry enrichment (i.e, transactions enriched with information from an external EFT feed), the following modifications will be performed the the :61: tag lines:

  • Transaction Number: This field will be populated with the Reference sourced from the external feed.
  • Bank Reference: This field will be populated with the Customer Code if available, otherwise blank.
  • Supplementary Reference: This field will be populated with the Remitter Name sourced from the external entry.

If you require different reference fields to be included in your statement you should discuss it during your implementation

SWIFT support

When producing MT940's that are compatible with SWIFT network transmissions a number of caveats/alternations need to be performed, most notably, Transaction Code manipulation. If you require messages to be delivered over the SWIFT Network please discuss this with your implementation resources during your project.

Sample files

The following files are intended to be examples only.

NPP sample transactions

Download the NPP sample MT940 file.

This file contains examples of all NPP transaction codes, and how they will appear in a standard MT940 statement.

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