Request for Transfer-MT101 is aimed at large companies with an international presence which own accounts at banks all around the world and wish to manage their capital and cash assets globally through an account servicing bank or by directly contacting Piraeus Bank.
Piraeus Bank receives instructions via a SWIFT MT101 message and then follows the instructions in that message to either:
- Transfer funds between accounts held with Piraeus Bank
- Transfer funds from Piraeus Bank to another bank
- Pay debts to third parties irrespective of whether they have an account with Piraeus Bank or some other bank
To allow the service to operate properly, all the parties involved need to sign the relevant agreements. The fees for this service are specified in an agreement signed by both parties.