what is


Question by  fesdre (655)

What does MT760 mean in banking?


Answer by  patti (29325)

(MT=Money Transfer) 760 is an instrument to block funds. The issuing bank will submit a bank-to-bank message saying that funds have been blocked for a specific amount of time on behalf of the bank to receive them. As such, those funds then are the asset of the beneficiary bank.


Answer by  ShayanFCB (366)

The MT760 is a form used by the banks as a Blocked Funds Instrument. The MT stands for Money Transfer

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