Category 4: Collections and cash letters
MT490 Advice of Charges, Interest and Other Adjustments
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MT490 is the category 4 version of the common group message that advises charges, interest and other adjustments. The bank that services an account uses it to tell the account owner that it has debited or credited the account for charges, interest or a correction linked to collections business, when no other message has advised the entry.
- Message type
- MT490
- Category
- 4
- Status
- In the current standard
- ISO 20022
- No direct equivalent
What MT490 is used for
The common group messages MT n90 to MT n99 exist in every category with the same purpose. The category digit tells the receiver which business the advice relates to, so an MT490 is routed to the team that handles collections. The entry also appears on the next statement (MT940 or MT950).
- Sent by
- The account servicing institution
- Sent to
- The account owner
Fields
This is a catalogue entry: the field-by-field structure is not shown here because we publish structures only where we have checked them against public sources. Paste an MT490 into the parser to see each field decoded with its tag, name and value.
ISO 20022
There is no ISO 20022 message for this category’s version in general use; account entries are also reported on camt statements and notifications.
All MT messages · Category 4 messages · ISO 20022 messages · Codes · Troubleshooting