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S.W.I.F.T. ("Society for Worldwide Inter-bank Financial Telecommunication") provides mechanisms for electronic inter-bank messaging and funds transfer. SWIFT messages are used legitimately to conduct business between transactional partners.
An account with the SWIFT MT999 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in the account, with no further comment. This SWIFT format is an appropriate message for a simple Proof of Funds communication and it is part of the Common Group of SWIFT formats providing a General Free Format for SWIFT messaging.
MT799 is a simple text message, sent bank to bank. This is used for a bank to bank proof of funds, only. The MT799 is not a form of payment and it is not a bank undertaking or promise to pay. It is simply a bank-to-bank confirmation of the funds on deposit, nothing more.
An account with the SWIFT MT799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 "Treasury Markets & Syndication" message types. Often there is a misconception that a particular circumstance requires a SWIFT MT760 message, when in fact, the SWIFT MT799 format provides the required bank confirmation for the application.
An account with the SWIFT MT760 capability allows bank-to-bank SWIFT electronic verification of the account, and will include a blocked funds provision. There is no other bank guarantee provision available in the SWIFT instructions.
SWIFT MT542 messages are related to a SKR (Safekeeping Receipt) and related collateral. Our POF service does not accomodate these message types.
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Send Funding Requests for the
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Our office phone number is +1.xxx.xxx.xxxx
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Our office is in Pleasanton, CA USA
1. Fill out our Client Information Sheet
2. Complete and return it along with a color copy of your passport, a corporate resolution if you are leasing on behalf of your corporation, and a bank statement showing you have the fee available to spend
3. A contract is then sent back along with escrow instructions
4. Once the fee is wired into escrow we will have the bank instrument or POF account set-up
5. Within 48 hours your POF account will be ready to be verified
6. The MT-799 or MT-760 is sent according to your request