How to Cancel a SWIFT Payment
Yes — but only before the beneficiary bank has credited the account. The mechanism is a SWIFT cancellation request (camt.056 / MT n92 RFCN). Success depends on speed: minutes is good, hours is risky, days is usually too late. Your bank initiates the request; the receiving bank decides whether to honour it.
Details
Step-by-step:
1. Contact your bank immediately — phone is faster than email or chat.
2. Provide the UETR, beneficiary name, amount, value date and reason for cancellation.
3. Your bank sends a camt.056 (or MT n92) to the next correspondent in the chain.
4. Each correspondent in the chain forwards the request until it reaches the beneficiary bank.
5. The beneficiary bank decides: if funds are not yet credited, they return them (status FOCR); if already credited, they may need beneficiary consent.
6. Track the status by UETR on Ohmyfin — a successful cancellation returns FOCR or CANC.
Quick facts:
Key facts
- Cancellation is a request, not a guarantee.
- Faster than fixing AC01/AC04 in some cases — but most banks charge a fee (USD 25–100).
- If the funds were already credited, a recall (different process) is needed instead.
- Fraud cancellations have a faster channel — tell your bank immediately if you suspect fraud.
Frequently asked questions
Can I cancel a SWIFT payment after sending it?
Yes — but only before the beneficiary bank has credited the account. The mechanism is a SWIFT cancellation request (camt.056 / MT n92 RFCN). Success depends on speed: minutes is good, hours is risky, days is usually too late. Your bank initiates the request; the receiving bank decides whether to honour it.
Is Ohmyfin tracking free?
Yes. Public UETR tracking on Ohmyfin is free — 10 free trackings per day per IP address with no signup, or 15/day plus 100 welcome credits after a free account; no card required.
Do I need a bank account at the sending bank?
No. Ohmyfin looks up the SWIFT payment status with just the UETR — no bank login or account required.
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