What is SWIFT?
SWIFT is the world’s leading provider of secure financial messaging services. It's a communication network used by banks and financial institutions around the world.
How SWIFT can help Corporates
As a large investment manager, corporation or smaller bank, when sending and receiving cross-border payments you likely connect to partners through a wide range of systems. These individual connections can be inefficient, expensive and increase business risk.
NAB supports investment managers, corporations and smaller banks to connect to SWIFT’s Standardised Corporate Environment (SCORE). SCORE, or SWIFT for Corporates, may simplify your individual connections so that you can better manage your liquidity and cash management needs.
Benefits of using SWIFT for Corporates
Increase the transparency and global visibility of your accounts and payments with centralised account information.
Improve your business risk and internal governance controls.
Reduce inefficiencies and costs by consolidating your banking channels.
Reduced technical complexity
Reduce technical complexity associated with managing multiple banking channels.
Types of SWIFT Services
SWIFT Message Type is the code used to easily identify the type of content within the message. NAB can work with payment instructions such as MT101, MT103, MT202 and accounts statements and reporting (sent or received) MT940, MT941 or MT950 sent via the SWIFT network.
NAB’s SWIFT FileAct channel provides a secure, reliable and efficient way for NAB business customers to transfer and receive large payment files.
NAB uses SWIFT gpi to support NAB Connect customers with accessing real time, end-to-end tracking information about international payments sent via NAB Connect. These changes allow you to track your international payments at no charge. It’s similar to how you track a courier parcel.
A Unique End-to-End Transaction Reference (UETR) enables real time transparency on payment information including current tracking status, fees and processing times at participating banks. For NAB Internet Banking and Mobile customers, this service is coming soon.
Some of the benefits include:
- Access to the SWIFT network to ensure secure international payments.
- Certainty and peace of mind knowing payments have been received.
- Self-serve – convenient access at no extra cost.
- Transparency of international payments through real-time payment tracking.
- Transparency of end-to-end fees and transfer costs.
Find out more about NAB International Payments Tracking (PDF, 1MB), opens in new window or NAB Connect.
Contact one of our consultants to learn more about SWIFT services.
Get in touch
Let us help with your business banking needs. Request a call back to chat with one of our business bankers.
Visit our business banking contact page for how-to-guides, FAQs and contact numbers.
Visit a NAB business banking centre
Let our business banking specialists help you in person.
Terms and Conditions
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Standardised Corporate Environment (SCORE) and SWIFT SCRL are not a NAB service. SCORE is a channel administered by S.W.I.F.T. SCRL, a Belgian limited liability co-operative society of Avenue Adele. SCORE is owned and provided by S.W.I.F.T. SCRL. SCORE may be subject to a licence agreement between you and S.W.I.F.T. SCRL.
To the extent permitted by law, NAB accepts no liability in respect of SCORE and NAB provides no warranty and gives no endorsement in respect of such products or any party connected with them.
Subject to any applicable law which cannot be excluded, NAB makes no warranties or representations:
- regarding the quality, accuracy, merchantability or fitness for purpose of SCORE
- that SCORE does not infringe the intellectual property rights of any person.
NAB expressly disclaims acting in any respect on behalf of SCORE or S.W.I.F.T. SCRL.
Before applying for this service through NAB, please read the S.W.I.F.T SCRL terms and conditions. Your application will also be subject to our own terms and conditions and fees and charges, the nature and extent of which will only be known when we assess your application and understand your needs and requirements.