Short answer: not yet, and not for everyone at the same time. Swift ended the MT/ISO 20022 coexistence for cross-border payment instructions between banks on 22 November 2025. Statement and reporting messages such as MT940, MT942 and MT950 were not part of that cut-off: under Swift's published roadmap, MT 9xx reporting in bank-to-bank (CBPR+) traffic runs until November 2028, with banks obliged to be able to receive camt statements from November 2027 (as summarised by J.P. Morgan and CPG; see sources). Swift also says corporates using its SCORE service can keep sending and receiving MT940 and MT942 after November 2025 and has set no corporate migration deadline.
Checked on 3 October 2026 against the sources below. Swift can change its roadmap, so check the Swift pages for updates.
What this means in practice
- If you download MT940 from online banking (or receive it by EBICS or host-to-host), the decision is your bank's, not Swift's. Many banks offer both MT940 and camt.053 today; ask which one they recommend and whether MT940 has an end date.
- If your bank sends you MT940 over Swift (typical for treasury teams with SCORE), nothing forces a change today, but banks are building richer camt reporting first. J.P. Morgan, for example, says it will keep MT9xx as the default and move clients to camt.052/053/054 on an opt-in basis from late 2026.
- Either way, it is worth making sure your accounting import or reconciliation sheet can read both formats before your bank switches you.
Which camt message replaces which MT message
| MT (FIN) | ISO 20022 (camt) | What it is |
|---|---|---|
| MT940, MT950 | camt.053 | End-of-day statement: opening and closing balance, all booked entries |
| MT941, MT942 | camt.052 | Intraday account report |
| MT900, MT910 | camt.054 | Debit / credit notification for single bookings |
The differences between the three camt messages are explained in camt.052 vs camt.053 vs camt.054.
MT940 vs camt.053: what actually changes in the file
| MT940 | camt.053 | |
|---|---|---|
| Format | Plain text with tags (:61:, :86:) | XML with named elements, validated by an XSD |
| Counterparty name and IBAN | Somewhere in :86: free text, in a bank-specific layout (?32, /NAME/…) | Dedicated elements (RltdPties/Dbtr/Nm, …/DbtrAcct/Id/IBAN) |
| Remittance text | Limited, split over 65-character lines | 140-character unstructured lines, or structured references (e.g. the RF creditor reference) |
| End-to-end ID of your own payments | Often missing or truncated | Refs/EndToEndId, so you can match your pain.001 payments one by one |
| Batch bookings | One line for the whole batch | One entry that can carry transaction details for every payment inside it |
| Transaction type | A 4-character code such as NTRF, plus local GVC codes | ISO bank transaction code (domain / family / sub-family), plus the proprietary code |
| Balances | :60F:, :62F:, :64: | Bal with types such as OPBD (opening booked), CLBD (closing booked), CLAV (closing available) |
The practical win is reconciliation: with camt.053 you no longer have to parse the counterparty out of free text, and batch payments are split into the individual payments.
How to check what your bank sends today
- An MT940 file is text and starts with blocks such as
{1:or directly with:20:. Read it with our MT940 guide. - A camt.053 file is XML; the first element carries a namespace ending in the version, for example
urn:iso:std:iso:20022:tech:xsd:camt.053.001.08.
Bank-specific camt "dialects" (for example Swiss or German market practice) differ in detail; always compare the totals with your bank's statement. This page is general information, not advice.
Sources
- Swift – ISO 20022 FAQs for corporates
- Swift – ISO 20022 implementation FAQs (end of coexistence, 22 November 2025)
- J.P. Morgan – ISO 20022 migration and FAQs (MT9xx reporting until November 2028)
- CPG – CBPR+ roadmap summary
Related guides
Published 2026-10-03 by Karuna Labs. Our tools check file structure and checksums; always review outputs (and payment files in your bank's preview) before relying on them. This is general information, not financial, tax or legal advice.