Making Sense of the MT760 Bank Guarantee

by | May 21, 2014 | Financial Services

You might think a bank statement is enough to prove that you have a certain quantity of funds at your disposal. However, this isn’t always the case. An MT760 bank guarantee shows that you not only have the money, but that it’s designated for the purchase in question.

The MT760 bank guarantee is actually a code. In fact, it’s one of many codes banks use to tell other banks of actions that need to be taken. The MT760 dictates that a certain amount of money in your account is set aside for a particular financial agreement. For example, if you are negotiating an offer on a home, an MT760 bank guarantee shows not only that you have the money you say you do, but that you won’t spend it on anything other than the home in the meantime. Ultimately, this allows the seller to feel secure in your offer, and increases the chances of a smooth and conflict-free exchange.

A Swift Capital resource is proud to offer the Swift MT760 Bank Guarantee to its clients. As an aspect of Proof of Funds (POF), this code supports your investments, and at a fee you can afford. Our block on your specified funds is reliable, and includes a clear earmark for appropriate distribution. In addition to showing the other party that you can be trusted, an MT760 is an easy way to keep yourself from accidental spending of the designated money.

Among our many bank guarantee services at Swift Capital Resources are various kinds of POF products, Stand-by-Letters of Credit (SBLC), BG Bank Instruments, cash accounts, the Swift MT799 and the MT999. We work with a very large pool of funds, as much as $282 billion, and are a solid resource for your accounts. Enjoy POF accounts ranging from $100,000 to $15 billion. Any time you might like more information or a quote, feel free to fill in our online contact form, or get in touch by phone. Our friendly and knowledgeable staff are ready and waiting to guide you through the process, and simplify the achievement of your financial dreams.

Finances are complicated, and proving you have them can be even more confusing. Let us help you obtain the documentation you need, and also move forward quickly with your purchases. As a third party servicer, we remain objective, yet dedicated to the needs of our clients. Get in touch today – we look forward to working with you!

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