An XML-based bank statement format defined by the ISO 20022 standard, designed to replace MT940. Provides richer, more structured transaction data and is being adopted globally.
Understanding CAMT.053 (ISO 20022 Bank-to-Customer Statement)
CAMT.053 (Cash Management message 053) is an XML-based bank statement format defined by the ISO 20022 international standard. It is designed as the modern replacement for the MT940 SWIFT format, providing richer, more structured transaction data.
CAMT.053 files use a hierarchical XML structure with clearly defined elements for statement-level data (account, period, balances), entry-level data (individual transactions with amounts, dates, and status), and detail-level data (remittance information, debtor/creditor details, and purpose codes).
The migration from MT940 to CAMT.053 is a major global initiative driven by SWIFT and central banks. The European Union has set deadlines for migration, and banks worldwide are transitioning. CAMT.053 supports longer reference fields, structured addresses, and richer remittance data than MT940.
Why It Matters for Ecommerce
As banks worldwide migrate from MT940 to CAMT.053, ecommerce sellers with international banking relationships will increasingly receive statements in this format. QuickBooks doesn't natively support CAMT.053, making conversion tools essential. PrimeConnect parses the XML structure and converts it to QBO, CSV, or IIF for seamless import.
Practical Example
A CAMT.053 entry includes XML elements like <Ntry><Amt Ccy="EUR">1500.00</Amt><CdtDbtInd>DBIT</CdtDbtInd><BookgDt><Dt>2026-02-15</Dt></BookgDt><NtryDtls><TxDtls><RmtInf><Ustrd>Invoice 4521 ABC Corp</Ustrd></RmtInf></TxDtls></NtryDtls></Ntry>. This is much more structured than the equivalent MT940 :61: line.
Related Terms
ISO 20022
An international standard for electronic financial messaging that defines a common platform for payments, securities, and bank statements. CAMT.053 is the bank statement message within this standard.
File FormatMT940 (SWIFT Message Type 940)
A SWIFT banking standard for electronic bank statement messages, widely used in Europe, Asia, and Africa. Contains structured transaction data with specific field tags like :61: and :86:.
File FormatXML (Extensible Markup Language)
A text-based markup language for structuring data with custom tags, used by OFX 2.x, CAMT.053, and many other financial data standards. Human-readable and machine-parseable.
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