CAMT.053 is a detailed bank-to-customer statement format used to list all entries booked on a customer’s bank account for a given day, serving as a standardized alternative to the MT940 format. This standard is part of the ISO 20022 framework and involves financial institutions, banks, and corporates to ensure consistent and transparent reporting.
Actuals provides a dedicated connector to process bank files structured in CAMT.053 format. It handles files containing multiple statements and performs statement level validations.
File generation best practices
Actuals can process files containing transactions for multiple bank accounts (IBANs) and automatically split them across separate general ledger accounts.
For optimal process efficiency, we recommend generating as few export files as possible. However, if different employees or processes are responsible for creating and delivering the exports, it is advisable to maintain separate exports per responsible party.
Each export is configured as a separate source in Actuals, allowing it to be monitored independently. This enables Actuals to identify missing files and notify the appropriate employee or team, ensuring timely follow-up and improved operational control.
Supported banks
CAMT.053 is a standardized format. This means our connector should be able to support every CAMT.053 file. We see minor interpretation differences in the fields that banks use when creating CAMT.053 files. We have tested our connector with these banks:
ABN AMRO (NL)
Rabobank (NL)