Prominence Bank

What fees apply to KTT Telex transactions?

Incoming KTT transactions incur a 1.5% fee on the amount of the transaction received, which is deducted after the KTT transaction are credited . (For example, a €100,000,000 is received via KTT, your account is credited with the full €100,000,000. A separate €1,500,000 (1.5%) banking fee is then debited from your available balance—not from the incoming KTT amount. Please ensure sufficient funds are available to cover the fee.) There are no upfront fees for receiving KTT; Prominence Bank will never ask you to pay any KTT fee in advance . For outgoing transfers, standard wire fees apply (typically ~1% plus any SWIFT costs for sending, if the transfer is initiated as a wire) . All fees are transparently outlined in the fee schedule.

Did you find this FAQ helpful?
Thumbs Up Icon 0
Thumbs Down Icon 0

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top