• View accounts in real time and keep track of your balances and transactions.
• Get statements and reports in a few clicks.
• Transfer funds between your RAKBANK accounts instantly and securely.
• Make local and international payments in different currencies easily.
• Upload single or bulk payments quickly and securely.
• Manage your payroll with our WPS and non-WPS salary payment solutions.
• Request special instructions for your accounts and transactions.
• Access trade finance import and export services.
• Optimise your cash position with our liquidity management sweep solution.

SWIFT, the Society for Worldwide Interbank Financial Telecommunication, operates a worldwide network that enables secure messaging and communication among financial institutions. MT940/950 is among the various standardized message types designated by SWIFT for different financial industry functions. 

Benefit from multiple channels for generating, transmitting, or submitting statements securely to authorised personnel, along with features such as:

• End-of-day account statements in MT940/950 format, providing detailed information on all account entries posted during the previous business day
• Transmissions to SWIFT addresses of local or international banks for easy reporting on their online platforms
• Submissions via Host-to-Host (H2H) for seamless integration with your ERP and accounting systems
• Downloads from our Digital Banking for reconciliation and integration.
• Direct transmission to your SWIFT registered address with Score or Member Administered Closed User Group (MA-CUG), ensuring efficient and secure delivery of statements