Prominence Bank does not support transactions involving illegal activities, unverified counterparties, or any activity that violates international regulations. All transactions must comply with our compliance and regulatory standards.

Yes, Prominence Bank allows clients to manage multiple accounts, including personal and corporate accounts, under a single client profile.

Yes. You can receive funds in different currencies into your Prominence Bank account. Please note, however, that exchange and conversion fees may apply. For example, KTT transactions requiring currency conversion are subject to a 0.4% conversion fee.

While multi-currency deposits are accepted, we recommend using your account’s designated currency whenever possible to avoid additional charges and ensure a smoother, more efficient transaction process.

For any inquiries or assistance, please contact our Help Desk at helpdesk@prominencebank.com. Our team is available 24/7 to respond to your questions. Kindly submit your queries in writing, and they will be addressed promptly.

Please note that, for security reasons, Prominence Bank does not provide customer service by telephone. Using our certified email channel ensures that you receive accurate, verified responses and maintains a secure record of all communications, enabling us to continuously enhance our service quality.

We look forward to assisting you.

Thank you for your interest in visiting our head office. As a fully digital bank, Prominence Bank operates exclusively online to provide our clients with efficient, secure, and convenient banking services. We do not maintain physical branch locations for customer visits or appointments.

Our primary customer support channel is our 24/7 Help Desk email service. For any inquiries or assistance, please contact us at helpdesk@prominencebank.com, and our dedicated team will respond promptly.

Please note that our account opening process is conducted entirely online, ensuring a streamlined and expedited onboarding experience for all clients.

We appreciate your understanding and cooperation as we continue to deliver seamless digital banking services. Should you require further information or assistance, please reach out to us via our Help Desk email.

Thank you for choosing Prominence Bank.

Prominence Bank focuses on banking services rather than direct investment management. However, we can facilitate financial instruments for investment purposes or work alongside your investment advisors.

Yes, Prominence Bank specializes in international transactions and can facilitate cross-border payments, KTT wire transfers, and the issuance of financial instruments globally.

Yes, Prominence Bank provides financial instruments such as SBLCs, BGs, and documentary letters of credit (DLCs) that can be used for project funding and securing financing agreements.

No. Prominence Bank does not initiate or participate in phone calls or Zoom meetings regarding KTT (Key Tested Telex) transfers. This policy ensures the highest levels of security, prevents potential fraud, and maintains a clear, auditable communication trail.

If the sending bank requires verification or formal coordination, they must submit their request via official KTT message, bank-to-bank, in accordance with international banking standards. This is the only accepted method for initiating or confirming KTT-related procedures with Prominence Bank.

Our listed +44 telephone number connects to our international 24/7 service center, designed to support clients across all regions. While Prominence Bank operates under the sovereign jurisdiction of the Diplomatic Jurisdiction – ETMO, we maintain multiple global communication channels to ensure seamless service. All official transactions, agreements, and regulatory obligations are conducted exclusively under the authority of Prominence Bank’s Diplomatic Jurisdiction – ETMO banking charter.

1. What are cookies and why does Prominence Bank use them?

Cookies are small text files stored on your device when you visit websites. Prominence Bank uses cookies to ensure secure access, enhance user experience, and improve website performance and compliance with applicable regulations.

2. Are cookies mandatory to use the Prominence Bank website?

Strictly necessary cookies are essential for secure navigation and access to account services. You may disable non-essential cookies, but doing so may limit certain functionalities or performance features of the website.

3. What types of cookies does Prominence Bank use?

We use:

• Strictly Necessary Cookies for secure access and functionality.

• Performance Cookies to analyze website traffic.

• Functionality Cookies to remember user preferences.

• No advertising cookies are used.

4. Does Prominence Bank use third-party cookies?

Yes, but only for analytics purposes. Services like Google Analytics may place cookies to collect anonymous usage data. We do not use third-party cookies for advertising or marketing.

5. How can I control or disable cookies?

You can manage your cookie preferences through your browser settings. Most modern browsers allow you to block or delete cookies at any time.

6. Do cookies collect my personal banking data?

No. Cookies used by Prominence Bank do not store sensitive financial or account information. They are used solely for security, navigation, and performance optimization.

7. Will disabling cookies affect my online banking experience?

Yes. Disabling essential cookies may prevent you from logging in or using secure features of our online banking system. We recommend keeping strictly necessary cookies enabled.

8. How long do cookies remain on my device?

Some cookies are session-based and are deleted when you close your browser. Others may remain for a limited duration unless manually cleared through your browser settings.

9. Is my cookie data shared with anyone?

Cookie data is never sold or disclosed for marketing. Any data collected via third-party analytics tools is anonymized and used solely to improve website performance.

10. Where can I find more details?

For full information, please refer to our Cookie Policy and Privacy Policy, or contact our Data Protection Officer at helpdesk@prominencebank.com

Prominence Bank accepts all types of financial transactions, including all forms of KTT (Key Tested Telex), from any financial institution worldwide. We do not restrict or block any sender bank, Telex code, jurisdiction, or transaction format. Additionally, we support and accept all procedures our clients may require for the successful execution of their transactions.

Please note that Prominence Bank does not communicate with other financial institutions to initiate a KTT transaction or any type of transaction. As we accept all transaction types and all procedures, you only need to initiate your KTT transfer by following the instructions available in your Online Banking portal, under the ‘Funds Transfer’ section.

In accordance with our banking policies, bank-to-bank or bank-officer-to-bank communication is strictly prohibited. We do not intervene in transactions or negotiations between account holders and their remitters. Furthermore, we do not conduct calls, exchange emails, or coordinate transactions with other financial institutions regarding transfers initiated outside of Prominence Bank.

You may proceed with full confidence knowing that Prominence Bank maintains an open, secure, and policy-compliant environment for all client-directed transactions.

Yes. Prominence Bank accepts all types of KTT transactions and provides comprehensive KTT services to all account holders. There is no need to be concerned whether the originating system is analog or digital.

If you wish to receive a funds transfer or communicate with another bank via the KTT system, simply provide the required information to Prominence Bank. Our dedicated department will manage the KTT request and ensure it is transmitted to the intended recipient.

Our KTT capabilities include:

• Cash transfers

• Bank instruments

• Direct bank-to-bank communications

We are committed to offering our clients flexible and reliable options to meet their banking needs.

We are pleased to inform you that Prominence Bank’s services are available worldwide, with no country restrictions. This allows us to serve clients across various regions, including the USA and Europe, without limitations.

Yes. Prominence Bank offers a secure mobile banking application that allows you to conveniently manage your accounts and send funds directly from your smartphone.

With our mobile banking app, you can:

• View and manage all your accounts in one place

• Transfer funds between your accounts

• Make domestic and international payments and transfers

• Update your personal details securely

• Track and categorize your expenses

• Manage regular payments and standing orders

• Send money to friends and family quickly and securely

Download the Prominence Bank mobile app today to stay in control of your finances—anytime, anywhere.

Prominence Bank does not provide debit cards, including Visa or MasterCard. All account access and transactions can be conducted through our secure 24/7 internet banking platform, which offers a comprehensive range of banking services at your convenience.

Yes, Prominence Bank provides escrow services to our account holders only, to ensure secure and transparent transactions between parties. These services are tailored for high-value transactions where financial trust is critical.

Yes. Prominence Bank will refund any fees related to failed or undelivered services. All refund requests are reviewed by the compliance department, and refunds are issued promptly when justified.

No, Prominence Bank does not offer the ability to buy or sell cryptocurrencies. We only facilitate the conversion of cryptocurrencies into fiat currencies once they have been deposited into your account.

Yes, Prominence Bank offers account management tools that allow clients to monitor transactions, access statements, and manage their accounts securely online.

Yes, Prominence Bank specializes in issuing Standby Letters of Credit (SBLCs) and Bank Guarantees (BGs). These financial instruments are used to facilitate international trade, secure transactions, and provide financial assurance to counterparties.

Clients can access their accounts via the online banking platform or mobile app, which provides 24/7 secure banking services.

How to Open a Bank Account with Prominence Bank

1. Complete the Online Application Form:

   Choose the appropriate application type:

   🔹 Open a Personal Bank Account

   🔹 Open a Business Bank Account

2. Pay the Account Opening Fee:

   Submit the non-refundable €25,000 account opening fee via SWIFT wire transfer or cryptocurrency (USDT). Please note: KTT transfers cannot be used to pay this fee.

3. Alternative – Downloadable Application:

   If you encounter any difficulties with the online form, you may download the application:

   🔹 Download Personal Bank Account Application here!

4. 🔹 Download the Business Bank Account Application here!

5. Submit Your Application:

   Send the completed application along with proof of payment to helpdesk@prominencebank.com.

How to Open a KTT Bank Account with Prominence Bank

1. Select the Appropriate Application Form:

   🔹 Open a Personal Bank Account

   🔹 Open a Business Bank Account

2. Complete the Application:

   Fill out the selected Personal or Business Bank Account Application accurately and in full.

3. Pay the Account Opening Fee:

   Submit the non-refundable €25,000 account opening fee via SWIFT wire transfer or cryptocurrency (USDT). Please note: KTT transfers cannot be used to pay this fee.

4. Enable KTT Transfers:

   Once your account is opened, you may request KTT transfer capability. Activation typically takes 24 hours and is provided at no additional cost.

5. Begin Transactions:

   Your account will be ready for transactions within 72 business hours after payment confirmation.

To open an account, submit an online application form and pay the required account opening fee of €25,000 via SWIFT transfer or cryptocurrency (USDT). Accounts typically activate within 72 business hours after payment verification. A minimum balance must be maintained as outlined in your account terms.

Prominence Bank operates under Foreign Jurisdiction License No. 05052025-A (Diplomatic Jurisdiction – ETMO). For official verification, use your PIN on our site or email verify@prominencebank.com. We do not publish sensitive licensing documents publicly; please rely on our official channels for confirmation. 

Locating Your Wire Transfer Instructions

Within your online banking portal, there is a dedicated section containing the information required to receive wire transfers, including KTT (Telex) transfers. This section typically includes:

• Bank Name:

• Bank Address:

• Account Number: (Insert your bank account number)

• Account Name: (Insert the account holder name)

• KTT Telex Code:

• Bank Officer:

• Bank Officer PIN Code:

• Bank Email:

• Bank Telephone:

Please ensure you provide the complete and accurate details from this section to the sender or remitter to avoid delays in processing your incoming funds.

Submit an online application form and pay the required €25,000 account opening fee via SWIFT or cryptocurrency (USDT). Accounts typically activate within 72 business hours. A minimum balance as outlined in your account terms must be maintained.

Prominence Bank adheres to strict international banking regulations, including AML, KYC, and counter-terrorism financing standards. All transactions and accounts are subject to thorough compliance checks to ensure legal and regulatory adherence.

No. Prominence Bank does not offer joint account services. Each account is registered to a single holder.

Yes, Key Tested Telex (KTT) is automatically enabled upon account activation at no extra cost. Prominence Bank credits KTT transactions received from sending banks without pre-verifying transaction details. Clients must ensure sufficient balance to cover associated fees.

Yes, Prominence Bank accepts and facilitates KTT transactions for its account holders. To initiate a KTT transfer, an account holder must request activation of the KTT service, which is typically processed within 24 hours without additional costs.

Yes. Prominence Bank remains fully operational and is licensed under Foreign Jurisdiction License No. 05052025-A, issued by the Diplomatic Jurisdiction – ETMO. Claims of liquidation or shutdown are untrue. For official updates, always consult our website or contact us directly.

1. What type of personal data does Prominence Bank collect?

We collect only the data necessary to provide secure and compliant banking services. This includes your identification details, contact information, financial and transactional data, as well as communications with our institution.

2. Why does Prominence Bank collect my personal information?

We collect your information to open and manage accounts, process transactions, meet regulatory obligations, enhance our services, and maintain secure communications with you.

3. Does Prominence Bank share my personal data with third parties?

We do not sell or disclose your data to third parties for marketing purposes. We only share data with regulatory authorities, legal entities, and authorized service providers, and only under strict confidentiality agreements and legal requirements.

4. How does Prominence Bank protect my data?

Your data is protected through industry-standard encryption, strict access controls, regular monitoring, and secure infrastructure. We adhere to international data security protocols to maintain confidentiality and integrity.

5. Where is my data stored and processed?

Data may be processed in our primary jurisdiction and other international jurisdictions as required for service delivery. All transfers are handled with strong data protection safeguards in accordance with applicable legal frameworks.

6. Can I access or update my personal data?

Yes. You have the right to access, update, or correct your personal data. Please submit a formal request to our compliance team via email at helpdesk@prominencebank.com.

7. How long does Prominence Bank retain my data?

We retain personal data only for as long as necessary to fulfill contractual, regulatory, and operational obligations. Retention periods may vary depending on applicable laws and banking compliance requirements.

8. Can I request that my data be deleted?

In certain circumstances, you may request deletion of your data. However, due to legal, regulatory, and financial compliance obligations, certain records must be retained as mandated by law.

9. Does the Privacy Policy apply to website visitors as well as clients?

Yes. This policy applies to all individuals who interact with our website and services, whether or not they maintain a formal banking relationship with Prominence Bank.

10. Is Prominence Bank compliant with international data protection laws?

Yes. Prominence Bank adheres to globally recognized data privacy standards and frameworks, including the principles of confidentiality, necessity, proportionality, and consent-based processing.

11. How will I know if the Privacy Policy has changed?

We post all updates on our website with a revised “Last Updated” date. We encourage you to review the Privacy Policy periodically to remain informed of how your data is protected.

12. Who do I contact for privacy-related inquiries?

For any questions or concerns regarding your personal data, please contact:

Data Protection Officer

Prominence Bank

Email: helpdesk@prominencebank.com

Phone: +44 20 8895 6493

Address:

Prominence Bank

Foreign Jurisdiction License No. 05052025-A

ETMO Diplomatic Jurisdiction

Prominence Bank offers expertise in handling high-value and complex transactions, ensuring speed, security, and reliability. Clients benefit from dedicated support, tailored solutions, and access to international banking networks.

Prominence Bank supports transactions in multiple currencies, allowing clients to conduct business globally. Please contact us for a complete list of supported currencies.

For opening a personal account, only a passport is required. To open a business account, both a passport and company incorporation documents are necessary.

Prominence Bank charges standard fees such as the €25,000 account opening fee, monthly maintenance fees, and transaction fees (e.g., 1.5% for KTT). Fees for failed or undelivered services are refundable upon review by the compliance department.

Prominence Bank applies standard fees, including account opening fees (€25,000), monthly maintenance fees, and transaction fees (e.g., 1.5% for KTT transfers). A full, transparent fee schedule is available on our official website.

Prominence Bank serves a variety of industries, including trade and commerce, real estate, energy, manufacturing, and finance. Our services are tailored to meet the needs of corporations, entrepreneurs, and institutional clients.

Prominence Bank – Cryptocurrency Accounts

Cryptocurrency is a digital form of currency that uses cryptography to secure transactions and create new coins. It can be viewed as a digital equivalent of traditional currencies such as the US Dollar or the Euro. Bitcoin, introduced in 2009, was the first cryptocurrency, and since then, hundreds of alternative cryptocurrencies—commonly known as “altcoins”—have emerged.

Prominence Bank offers cryptocurrency accounts designed to help you manage and safeguard your digital assets with ease, security, and privacy.

Account Features:

• Cryptocurrency Wallet: Fund your wallet and transfer between your cryptocurrency account and your regular bank account.

• Secure Transactions: All transfers are conducted securely and confidentially.

• Multi-Currency Support: Move funds between your cryptocurrency and Prominence Bank accounts in USD, GBP, EUR, and more.

• User-Friendly: Simple and efficient account opening and management process.

Benefits of a Prominence Bank Cryptocurrency Account:

• Tax Haven Banking Secrecy: Maximum privacy and security in a protected jurisdiction.

• Full Control: You retain complete control over your account.

• No References Required: No need for bank references or personal visits.

• Low Maintenance Costs: Minimal fees and no monthly maintenance charges.

• Swift Transactions: Instant capability to send and receive SWIFT wire transfers.

Opening Fees and Requirements:

• Opening Fee: €25,000 per cryptocurrency account

• Minimum Balance: Equivalent of USD 100 in cryptocurrency

• Monthly Charge: None

• Processing Time: 7 banking days from receipt of opening fee

Account Opening Procedure:

1. Complete the application form accurately.

2. Email the completed form to account@prominencebank.com.

3. Send the opening fee deposit.

4. Your account will be activated within 7 banking days.

Prominence Bank is a fully digital international bank operating exclusively online. It is licensed under the sovereign jurisdiction of the Diplomatic Jurisdiction – ETMO and provides secure, private banking services to corporations, entrepreneurs, and high-net-worth individuals around the world.

Prominence Bank credits incoming KTT transactions directly to your account once received from the sender’s bank. The bank does not pre-verify amounts or details and will only credit transactions fully compliant with internal compliance procedures, including fee availability.

Prominence Bank operates under a Class ‘A’ Banking License (License No. 05052025-A), issued by the Diplomatic Jurisdiction – ETMO. This license authorizes Prominence Bank to provide a full spectrum of international banking services under the sovereign authority of the Theocracy Government.

KTT Telex Code: (051) 210567 PROMIN G

Issuing an SBLC involves submitting an application along with the necessary documentation, including details of the transaction, parties involved, and the collateral offered. Once approved, the SBLC is issued to the designated beneficiary through secure banking channels.

We utilize our correspondence bank’s SWIFT code for transfers, which may vary depending on the currency of the transaction (USD or Euros). Please note that this information is accessible exclusively to our account holders and can be found within the internet banking platform under the “Funds Transfer” section.

Prominence Bank offers personal and corporate banking, cryptocurrency accounts, escrow services, structured finance, and issuance of financial instruments such as SBLCs and Bank Guarantees (BGs).

Prominence Bank provides Personal and Business bank accounts, as well as specialized accounts like Cryptocurrency Accounts and Custodial Accounts for financial instruments.

Prominence Bank is a fully licensed digital international bank, operating under ETMO’s sovereign jurisdiction with License No. 05052025-A. We comply with international AML/KYC and banking regulations to provide secure, confidential services—without physical branches.

Both individuals and corporate entities can open accounts with Prominence Bank. However, all applicants must meet compliance requirements, including KYC verification.

Why Choose Prominence Bank for Your Banking Needs?

At Prominence Bank, we offer a unique and unparalleled banking experience designed for clients who prioritize discretion, security, and privacy. Our €25,000 account opening fee reflects the extraordinary measures we take to provide these benefits, ensuring that your financial activities remain confidential and your business transactions are conducted with the utmost professionalism and integrity.

Key Benefits of Opening an Account with Prominence Bank

1.Total Privacy and Confidentiality

Prominence Bank operates under a robust trust structure, performing 100% of all transactions on behalf of our clients. This ensures that your personal or business information is never disclosed to any third party. All incoming and outgoing transfers, as well as other banking operations, are handled by the bank itself, making the account holder completely invisible in all transactions.

2.Incognito Transactions

Every transaction performed under Prominence Bank is conducted with anonymity. Whether you’re making transfers, receiving payments, or managing your assets, your identity and information are fully protected. This unique feature provides peace of mind to our clients, knowing their financial activities are shielded from prying eyes.

3.Global Business Flexibility

Our specialized banking services cater to high-net-worth individuals, global entrepreneurs, and businesses operating across multiple jurisdictions. With Prominence Bank, you gain access to seamless and discreet banking solutions that support your international ventures without compromising your privacy.

4.Exclusive Services for Discerning Clients

The cost of maintaining such a high standard of security and privacy is significant. The €25,000 account opening fee ensures that we can provide you with cutting-edge infrastructure, legal compliance, and operational excellence, delivering a banking experience that exceeds industry standards.

Different banks offer varying services and fee structures. While some may not charge upfront fees, they may offset this with higher transaction costs or minimum balance requirements. At Prominence Bank, our transparent fee structure enables us to deliver the specialized, secure, and confidential banking services our clients rely on.

Benefits of Banking with Prominence Bank:

• Unmatched Confidentiality: All transactions are processed through trust accounts, ensuring the highest level of privacy and discretion.

• Global Reach: Our extensive network of international correspondent banks facilitates seamless worldwide transfers.

• Robust Security: We deploy advanced security technologies to safeguard your assets at every stage.

• Dedicated Support: Our team is committed to providing exceptional service and personalized client care.

Why Does It Cost €25,000 to Open an Account?

The €25,000 is not simply an account opening fee—it is an investment in unparalleled privacy, security, and peace of mind.

1. Enhanced Security Measures

Operating fully private accounts requires specialized infrastructure, advanced security protocols, and strict adherence to international banking regulations. These measures ensure your account remains secure from breaches, unauthorized access, and cyber threats.

2. Trust-Based Transactions

All transactions are executed under the bank’s name, safeguarding your identity and ensuring complete discretion. This level of confidentiality requires dedicated operational resources and a highly trained team to manage accounts with precision and security.

3. Exclusive Access to Privacy-Focused Banking

Prominence Bank caters exclusively to clients who value confidentiality in today’s interconnected world. Maintaining this exclusivity demands ongoing investment in cutting-edge technology and expert personnel.

4. Long-Term Value

The fee grants access to an elite banking network, offering benefits that far exceed the initial investment. From discreet account management to tailored financial strategies, Prominence Bank delivers exceptional value for high-profile and global clients.

Invest in Privacy and Security with Prominence Bank

Opening an account with Prominence Bank means partnering with a trusted institution committed to safeguarding your assets and identity. The €25,000 ensures you receive best-in-class banking services designed for discerning clients who demand the highest standards of confidentiality and excellence.

No. Sharing login credentials is strictly forbidden and constitutes a violation of our security terms.

No. Prominence Bank accounts are individually held and do not permit joint access, signatories, or third-party delegation (including lawyers, accountants, or family members). Each account is accessible only by the registered account holder.

No third parties (whether additional users, joint owners, beneficiaries, attorneys-in-fact, etc.) are allowed access – each account is limited to the single registered holder.

Yes, you can access your account online! Our online banking platform allows you to manage your account conveniently from anywhere with an internet connection.

No. Transaction authority is limited exclusively to the verified account holder.

No. As per Prominence Bank’s Terms and Conditions, which every client accepts automatically by signing and submitting the account application form, accounts cannot be closed once they are activated. The Terms and Conditions are fully visible inside the application form prior to submission and are legally binding. This policy exists due to the significant costs and resources invested in onboarding, compliance, risk management, and maintaining international banking infrastructure.

No. Prominence Bank does not permit clients to initiate account closures independently. All account closures are managed exclusively by our internal administration and compliance teams. This policy ensures compliance with international banking regulations, Anti-Money Laundering (AML), and Know Your Customer (KYC) requirements. Accounts with no activity and a zero or negative balance for 90 consecutive days may be automatically closed by the bank, subject to internal compliance reviews.

No. Accounts cannot be closed by clients; closure is exclusively managed by Prominence Bank’s compliance and administrative departments. Additionally, Prominence Bank does not permit joint accounts or third-party access, ensuring maximum account security and confidentiality.

No. While estate instructions may be reviewed upon official notice, no beneficiary or successor can be registered on an active account.

No. Account access is limited exclusively to the named account holder, in accordance with our compliance policy.

Unfortunately, you cannot access a personal or business account prior to transferring funds and paying the account opening fee. These steps are essential to activate your account.nn

No. Corporate accounts are limited to a single authorized signatory as registered with the bank.

If you experience an issue, you can contact our customer service team to file a formal complaint. Prominence Bank is committed to resolving client concerns promptly and professionally.

To update your account information, contact our customer service team or your relationship manager. Supporting documentation may be required for certain updates, such as changes to address or ownership details.

No. Prominence Bank does not accept powers of attorney for account operation or management.

1. Introduction

Prominence Bank is committed to providing secure and efficient Key Tested Telex (KTT) services to facilitate international financial transactions. This policy outlines the terms, conditions, and procedures governing KTT transactions to ensure compliance, security, and customer satisfaction.

2. Eligibility

The Key Tested Telex Transfer (KTT) service is automatically enabled upon account opening. No additional request or activation is required.

3. Transaction Limits

• Minimum tranche size: €10 million per transaction

• Maximum tranche size: €500 million per transaction

• Frequency: No restrictions on the number of daily tranches

• Note: These limits are non-negotiable and cannot be modified.

4. Fees and Charges

• Incoming KTT transactions: 1.5% fee applies

• Outgoing wire transfers: 1% fee plus SWIFT/SEPA costs

• Note: Prominence Bank does not impose upfront fees; charges apply only after the requested service is completed.

5. Transaction Types

Prominence Bank supports:

• Cash transfers

• Bank instruments

• Direct bank-to-bank communications

This flexibility allows us to accommodate a wide range of client requirements.

6. Client Responsibilities

If you have provided KTT instructions to your remitter, it is your responsibility to fully understand and manage the nature of the transactions being sent to your account. Prominence Bank:

1. Is not involved in agreements, terms, or instructions exchanged between you and your remitter.

2. Will not process or review pending KTT transactions if your account is in delinquent status or not in good standing.

7. KTT Transaction Policy

Prominence Bank will credit your account with whatever is received as per the remitter’s bank instructions. However:

• No guarantees: We do not guarantee the nature or outcome of any transaction initiated by another bank or remitter.

• Non-involvement: We do not participate in, or provide guarantees for, transactions you or your remitter initiate.

• Responsibility: Only you and your remitter can confirm transaction details before they are processed.

8. Security and Compliance

• Verification: Clients are advised to conduct due diligence and, where necessary, consult with our team before initiating KTT transactions.

• Compliance: All transactions must comply with Prominence Bank’s compliance and regulatory requirements.

9. Confidentiality

All incoming and outgoing transactions are processed through Prominence Bank’s trust accounts, ensuring maximum discretion and the protection of account holder information.

10. Amendments

Prominence Bank reserves the right to amend this policy to comply with regulatory changes or enhance service quality. Clients will be notified promptly of any significant updates.

11. Contact Information

For assistance or inquiries regarding KTT transactions, please contact our Help Desk at helpdesk@prominencebank.com. Our team is available 24/7.

Clients can reset their password through the secure online banking portal. In case of further issues, they can contact customer support via email.

If you wish to stop receiving KTT transactions, you may request to block KTT on your account. Any subsequent KTT transactions received on your behalf will be ignored.

Your account has been blocked from receiving further KTT transactions due to its current delinquent status. Please note that Prominence Bank does not process KTT transactions for accounts in delinquent status.

To lift the block, your account must be brought out of delinquency and adequately funded. It is your responsibility to ensure your account maintains sufficient funds if you wish to process KTT transactions.

Yes. Withdrawals are only permitted when the account balance remains above the required minimum thresholds: €5,000 for personal accounts and €10,000 for business accounts. Our system is technically restricted from processing any withdrawal that would cause the balance to fall below these minimums. This ensures that the account remains active and compliant with the Bank’s operational policies.

All accounts are opened directly with Prominence Bank under the sovereign jurisdiction of the Diplomatic Jurisdiction – ETMO. This structure ensures full compliance with our internal regulations and the regulatory framework established by the Diplomatic Jurisdiction of a Theocracy Government.

No. The non-refundable €25,000 account opening fee is mandatory and covers enhanced privacy, security infrastructure, and international services. It cannot be waived or deducted from future transfers.

No. The opening fee must be prepaid via SWIFT or USDT, and cannot be paid via KTT or deducted from future transfers.

No. The minimum balance required in your account is non-transferable and non-withdrawable under any circumstances. This mandatory balance must be maintained at all times and serves as a compliance requirement to keep the account in good standing.

Clients may only withdraw or transfer funds above the minimum balance. The minimum balance itself is not accessible and cannot be used for transactions, payments, or deductions.

Please note that your account will not be activated or enabled until the full minimum balance is deposited and maintained.

1. Choose either our Personal or Business account application online.
   • 🔹 Open a Personal Bank Account
   • 🔹 Open a Business Bank Account
2. Submit the completed application to account@prominencebank.com with proof of payment (SWIFT or USDT).
3. Once the €25,000 opening fee is confirmed, your account will be activated within 72 business hours. KTT capability is automatically enabled upon activation.

1. Complete the Personal or Business application online.
2. Pay the €25,000 non-refundable opening fee via SWIFT or USDT (KTT cannot be used).
3. After payment confirmation, your account is activated within 72 business hours.
4. KTT transfers can be enabled upon request at no additional cost (typically within 24 hours). A minimum balance must be maintained as set out in your account terms. 

Prominence Bank charges a mandatory, non-refundable €25,000 account opening fee for all new accounts. This fee cannot be waived under any circumstances. It covers the costs of the Bank’s enhanced security systems, privacy protections, compliance infrastructure, and specialized banking services designed for high-net-worth clients. These measures ensure a secure, private, and exclusive banking environment that differentiates Prominence Bank from conventional financial institutions. Unlike many banks, Prominence Bank’s model prioritizes bespoke, high-standard service and robust infrastructure, which this one-time opening fee directly supports.

No, there are no limits on wire transfers for SWIFT, SEPA, and cryptocurrency transactions. You can send and receive funds without restrictions on the amounts, allowing for flexibility in managing your larger financial transactions.

nHowever, for KTT (Telex) wire transfers, there are specific limits in place:

– Minimum Tranche Size: 10 million
– Maximum Tranche Size: 500 million per tranchen

nAdditionally, there are no restrictions on the number of tranches you can initiate on a daily basis. Please note that these face value minimum and maximum tranches are non-negotiable and cannot be modified.

Prominence Bank – Loan Application with Safe Keeping Receipt (SKR)

Yes, you may apply for a loan using a Safe Keeping Receipt (SKR) issued by Prominence Bank. An SKR serves as valuable collateral, enhancing the likelihood of securing financing.

Key Considerations:

• Separate Services: Asset custody and loan provision are distinct services. Custody of your assets must be established before the loan application process can proceed.

• Performance Bond Insurance Policy: We strongly recommend obtaining a performance bond insurance policy, as it substantially improves loan approval prospects. When combined with your SKR and “Full Bank Responsibility,” this collateral is widely recognized by financial institutions.

• Loan Approval: The presence of an SKR is an important factor; however, final approval is determined by Prominence Bank’s Credit Department. The SKR agreement does not in itself guarantee loan approval.

Loan Procedure:

1. Open a Custodian Account: This account will hold your pledged assets.

2. Deposit Assets: Assets must be deposited with the bank.

3. Asset Evaluation: An approved bank appraiser will assess the market value of your assets.

4. Loan-to-Value (LTV) Ratio: Based on asset valuation, loan amounts typically range between 20% and 65% of appraised value.

5. Performance Bond Insurance Policy: Following asset evaluation and pre-approval, a performance bond insurance policy will be required.

6. Loan Disbursement: Once all conditions are met, loan funds will be disbursed within 72 business hours.

Important Notes:

• Asset Valuation Impact: Higher asset valuations improve loan approval chances and allow for more favorable terms.

• Client Responsibility for Costs: All expenses related to custody, insurance, appraisal, and related services are the responsibility of the applicant.

Cost Structure:

• Custodian Account: €25,000 upon application, plus 2% of the SKR face value (payable within six months or at loan disbursement).

• Asset Deposit: No charge.

• Asset Appraisal: Fees payable directly to the approved appraiser.

• Loan Application: No application fee.

• Performance Bond Insurance: Typically 0.05% to 2% of the insured value (recommended providers include Lloyd’s of London).

Yes. You may fund your account with USDT or BTC. Prominence Bank will convert your deposited cryptocurrency into your account’s currency (e.g., USD, EUR). We do not offer crypto trading services—we only process deposits and fiat conversion.

Yes. We accept deposits in multiple currencies; standard exchange/conversion fees apply (see the Fee Schedule). Using your account’s designated currency minimizes conversion costs. 

Absolutely. Prominence Bank provides a comprehensive and versatile banking platform, enabling you to receive funds seamlessly via KTT Telex—a secure and efficient method for transferring large sums.

Once credited to your account, you have the flexibility to make payments to banks worldwide through wire transfers using IBAN or SWIFT. This global payment capability ensures you can manage and distribute your funds with ease and efficiency, whether for personal or business purposes.

Yes, after depositing cryptocurrency into your account, you can withdraw funds in USD or Euro, depending on your account’s currency settings.

While Prominence Bank primarily focuses on corporate and institutional clients, personal banking services may be available depending on your financial needs. Please contact us for more details.

No, we do not offer POS services at this time.

Yes. We accept USDT (TRC-20) and BTC deposits and convert them into your account’s fiat currency after compliance checks. We do not offer trading services. Fees for conversion/network may apply (see Fee Schedule). 

Please note that Prominence Bank does not accept SKRs issued by external storage facilities. To proceed with any transaction, the assets must be deposited with Prominence Bank. Upon deposit, an SKR will be issued directly by our bank, ensuring full bank responsibility and validity for monetization purposes.

Prominence Bank – Bank Endorsement Guarantee

A bank endorsement is a form of guarantee provided by a bank, commonly used for negotiable instruments such as banker’s acceptances or time drafts. It assures all parties in a transaction that the bank stands behind its customer, fostering trust, credibility, and transactional security.

How It Works:

• Bank as Intermediary: Prominence Bank vouches for the trustworthiness and creditworthiness of its customer, making transactions smoother and more secure.

• International Trade Support: Widely used in cross-border commerce, bank endorsements help establish trust between parties who may not have prior dealings.

Our Offering:

Prominence Bank provides a formal bank endorsement guarantee, confirming that we will uphold and guarantee an agreement or commitment made by our customer to a third party. This assurance gives your partners the confidence that Prominence Bank will step in if obligations are not fulfilled.

Benefits of a Prominence Bank Endorsement:

• Full Endorsement: Applicable to agreements, projects, and negotiable instruments.

• Increased Trust: Strengthens your negotiating position and facilitates deal closure.

• Enhanced Reputation: Our name and credibility reinforce your standing in the marketplace.

• Global Reach: Supports both domestic and international transactions.

• Comprehensive Coverage: Includes banker’s acceptances and time drafts.

• Opportunity Creation: Opens doors to new business relationships and ventures.

Prominence Bank offers a broad range of services, including personal and corporate banking, KTT account transfers, SBLCs and Bank Guarantees, escrow services, cryptocurrency accounts, structured finance, corporate finance, private banking, trade finance, and investment banking solutions.

Yes. Outgoing international wire transfers usually have a fee, typically around 1% plus SWIFT costs. Incoming KTT transactions incur a 1.5% fee.

Cancellation policies depend on the type of transaction. Some transactions, especially those involving third-party financial instruments, cannot be reversed once initiated. Please contact our team for more details.

No. The non-refundable €25,000 account opening fee is mandatory and covers enhanced privacy, security infrastructure, and international services. It cannot be waived or deducted from future transfers.

While we recognize the importance of transparency in financial transactions, please be advised that fees incurred from KTT transactions are strictly non-refundable in accordance with Prominence Bank’s policies.

We kindly request that clients refrain from submitting refund requests for services already rendered, regardless of any issues involving their remitter, as such requests are not consistent with our banking policy.

Prominence Bank does not impose upfront fees; charges apply only after a specific service has been completed. When a KTT transaction—of any type—is credited to your account, the applicable fees will be assessed. By authorizing your account to receive KTT transactions, you acknowledge and accept full responsibility for all incoming transactions and the associated charges.

No. The opening fee must be prepaid via SWIFT or USDT, and cannot be paid via KTT or deducted from future transfers.

No, you cannot open an account without paying the bank account opening fee upfront. The bank account opening fee must be prepaid before you can gain access to a bank account with Prominence Bank. Unfortunately, you will not be able to use your first funds transfer to cover the bank account opening fee. Please ensure that you have the appropriate amount to cover this fee before initiating the account opening process.

1. Complete the Personal or Business application online.
2. Pay the €25,000 non-refundable opening fee via SWIFT or USDT (KTT cannot be used).
3. After payment confirmation, your account is activated within 72 business hours.
4. KTT transfers can be enabled upon request at no additional cost (typically within 24 hours). A minimum balance must be maintained as set out in your account terms. 

The processing time for transactions depends on the type of transaction and its complexity. Standard wire transfers typically take 1–4 business days, while larger or specialized transactions may require additional time for compliance and verification.

No. While the application fee is listed as non-refundable, it is important to note that Prominence Bank maintains a 100% account opening success rate provided all submitted documentation is complete, accurate, and legally compliant. As long as these conditions are met, your account will be successfully opened. Therefore, your fee is not at risk if the application is properly prepared.

Yes. Key Tested Telex (KTT) functionality is automatically enabled upon account opening at no extra cost. KTT allows secure and rapid high-value international bank transfers. Clients must ensure sufficient balance to cover transaction fees.

We want to inform you that any funds received through the Crypto Currency channel will incur a 2% network fee if the account holder does not have a cryptocurrency account. This fee will be deducted from the total amount received, and the remaining funds will be credited as cash into your savings account’s available balance.

To further clarify, Prominence Bank will credit your account with whatever is received, as per the instructions provided by the remitter’s bank. However:

• We do not guarantee the nature of any transaction initiated by another banking institution or any remitter.

• We do not get involved in transactions initiated by you or your remitter, nor do we provide guarantees for their outcomes.

• It is solely your responsibility to be fully informed of the transactions you or your remitter initiate.

You cannot rely on Prominence Bank to verify or confirm what is being sent to your account before it is been download it and processed. Only you and your remitter can provide this information.

If you have provided your KTT instructions to your remitter, it is your responsibility to fully understand and manage the nature of the transactions being sent to your account. Prominence Bank is not involved in these transactions and cannot comment on or verify the specifics of what is being sent by your remitter.

We reiterate that:

1. Your remitter’s actions are not our concern. Any agreements, terms, or instructions exchanged between you and your remitter are solely your responsibility.

2. A KTT transaction if it is currently pending on your account will not be processed, downloaded, or reviewed by Prominence Bank if your account it is in delinquent status and in good standing.

• • The insurance premium cost will depend on the total insured value and the specific policy terms.

• • The higher the valuation of your assets, the greater the likelihood of loan approval and more favorable terms.

• • If approved, the loan disbursement will be processed within 72 business hours following the completion of all required procedures.

Upfront Fee vs. Available Balance

Upfront Fee

An upfront fee is a one-time charge required by a bank or financial institution before a service is initiated or a product is delivered. This fee is paid in advance and is generally non-refundable. It may cover administrative costs, application processing, or documentation.

Example: When applying for a mortgage, you may be required to pay an upfront fee of €1,000 at the start of the process. This fee would be deducted from the total amount owed if the application is approved.

Available Balance

Your available balance is the amount of funds in your bank account that you can immediately access or withdraw. This figure reflects any pending transactions, holds, or restrictions on deposits. Maintaining a sufficient available balance ensures that transactions—such as payments, withdrawals, or transfers—can be completed without incurring overdraft or insufficient funds fees.

Summary:

• Upfront Fee: Pre-payment for a service or product, paid before delivery.

• Available Balance: The actual, accessible funds in your account at a given time.

Understanding the distinction between these two concepts is essential for effective financial management and ensuring you have adequate funds to meet your obligations.

• You are responsible for ensuring that your account is adequately funded to process KTT transactions.

• You must fully understand and manage the nature of transactions being sent to your account by your remitter.

• Prominence Bank is not involved in verifying, managing, or guaranteeing any transactions initiated by your remitter.

Prominence Bank does not charge fees for services not rendered. Fees (e.g., KTT transaction fees, account maintenance) are only deducted after a service is successfully completed. In the rare event of service failure, refunds are processed after compliance review when applicable.

All Prominence Bank accounts—whether standard savings accounts or numbered accounts—are 100% equipped and prepared to receive all types of KTT (Key Tested Telex) transactions. We do not block or restrict KTT transactions under any circumstances unless explicitly requested by the client.

Key Tested Telex (KTT) functionality is automatically enabled upon account opening. No additional request or activation is required..

To be eligible for receiving KTT transfers, the following conditions must be met:

1. 1. Compliance: All submitted documentation must be complete, legal, and compliant with international financial standards and Prominence Bank’s internal protocols.
   2. Account Activation: The account must be fully approved and active, capable of processing institutional-level transactions including SWIFT MT103 and KTT formats.
   3. Sender Verification: The sender must be a qualified institution authorized to transmit KTT, and the transaction must comply with our screening procedures.
   4. Legitimate Purpose: The KTT transaction must relate to a lawful and well-defined financial purpose aligned with the account’s use.

Please note that Prominence Bank does not charge any upfront fees for incoming KTT transfers. A post-transfer service charge of 1.5% is applied and deducted from the account balance once the transfer is complete.

All incoming KTT transactions incur a 1.5% fee on the face value received. We cannot pre-confirm the content of incoming KTTs; ensure sufficient available balance to cover fees before crediting. KTT-related fees are non-refundableonce charged. 

All KTT Telex transactions are subject to a 1.5% fee on the face value received. This applies to all transaction types, including bank instruments, bank guarantees (BG), standby letters of credit (SBLC), and funds transfers.

In accordance with bank policy, Prominence Bank cannot determine the type or nature of any KTT received via the KTT Telex system until the transaction is fully downloaded and credited to the account holder’s profile. Therefore, any client intending to use KTT Telex services must have the financial capacity to cover the applicable fees before the service is provided.

While no upfront fees are charged, account holders must maintain a sufficient available balance to cover the KTT Telex fees prior to the crediting of any transaction. Clients utilizing these services are generally high-net-worth individuals who have the necessary resources to meet all associated obligations.

Example:

If you receive an SBLC via KTT Telex with a face value of USD 500 million, the banking fee at 1.5% would be USD 7.5 million. If your account does not have the available balance to cover this fee, it would result in a significant negative balance and could trigger Non-Sufficient Funds (NSF) penalties. This would adversely affect our banking records with regulatory agencies and place your account in severe delinquency.

Important:

Ensure your account has sufficient funds to cover all associated fees before initiating any KTT transaction to avoid negative balances and penalties.

Yes, there are various fees associated with maintaining an account at Prominence Bank. These fees may vary depending on the type of account you hold and the services you utilize. Understanding these charges is essential for effective account management.

Common Fees Include:

• Monthly Maintenance Fee: Charged monthly to maintain your account.

• Overdraft Fees: Applied when withdrawals exceed your available balance, helping to manage overdrafts.

• Wire Transfer Fees: Assessed for sending or receiving funds via wire transfer, both domestically and internationally.

• Insufficient Funds Fee: Charged for transactions returned due to insufficient funds in your account.

• Foreign Transaction Fee: Applied to purchases made in a foreign currency to cover related processing costs.

• Minimum Balance Fee: Incurred if your account balance falls below the required minimum threshold.

• Inactivity Fee: Charged when an account remains inactive for a designated period to encourage account activity.

For a complete list of all fees associated with your account, please refer to the publicly available Prominence Bank Basic Fees.

Prominence Bank will credit to your account any funds or instruments successfully received via KTT transfer. However, the Bank does not verify, confirm, or guarantee the details, content, or authenticity of incoming KTT transactions — only you and the remitter know the specifics.

You, as the account holder, bear full responsibility for all KTT transactions initiated to your account, including any arrangements with third parties. The Bank will not be liable for, nor intervene in, any disputes or issues related to these transactions.

A 1.5% banking fee applies to all received KTT transfers and must be available in your account prior to processing. If your account is delinquent or does not meet the minimum balance requirement ($/€ 5,000 for personal accounts or $/€ 10,000 for business accounts), or if the 1.5% fee is not covered, the Bank will not process the KTT transaction.

All fees are non-refundable once a KTT transaction is initiated. Pending transfers will not be processed until the account is in good standing, the required fee is covered, and compliance conditions are met. The Bank makes no promise or guarantee as to the outcome, value, or timing of any KTT transfer.

• Pending KTT transactions will not be processed, downloaded, or reviewed until all fees are covered and your account is in good standing.

• Prominence Bank will credit your account with what is received, based on the remitter’s bank instructions. However, we do not guarantee the nature or details of these transactions.

Prominence Bank charges a mandatory, non-refundable €25,000 account opening fee for all new accounts. This fee cannot be waived under any circumstances. It covers the costs of the Bank’s enhanced security systems, privacy protections, compliance infrastructure, and specialized banking services designed for high-net-worth clients. These measures ensure a secure, private, and exclusive banking environment that differentiates Prominence Bank from conventional financial institutions. Unlike many banks, Prominence Bank’s model prioritizes bespoke, high-standard service and robust infrastructure, which this one-time opening fee directly supports.

KTT is automatically enabled once your account is active, at no extra charge. While we credit incoming funds once received, we do not verify remitter details or transaction content beforehand. Clients must ensure sufficient balance to cover the 1.5% KTT fee and maintain account standing to avoid delays.

The fee reflects the comprehensive suite of premium services Prominence Bank provides, including:

• Secure, Anonymous Account Management: We prioritize client discretion and privacy, ensuring that all financial transactions are safeguarded with the highest level of confidentiality.

• International Banking Infrastructure: Our global network of trusted correspondent banks enables efficient and seamless international transfers.

• Robust Security Measures: We continually invest in advanced security protocols and technologies to protect your assets and preserve the integrity of your accounts.

• Unparalleled Discretion: All transactions are processed through trust accounts, guaranteeing complete confidentiality and protection of personal and financial information.

As with any financial transaction, KTT transfers carry some risks, particularly if the counterparties are not properly verified. Prominence Bank advises clients to conduct thorough due diligence and consult with our experts before proceeding.

Prominence Bank does not provide information to individuals who are not account holders. All relevant details and banking operations, including funds transfers, are available exclusively through our internet banking platform under the “Funds Transfer” section.

Important Information About KTT Transactions at Prominence Bank

At Prominence Bank, we strive to deliver professional and legitimate banking services. To ensure clarity, here are essential details about Key Tested Telex (KTT) transactions:

1. Understanding KTT Transactions:

KTT transactions go beyond cash transfers and are used for interbank communications, issuing financial instruments (like bank guarantees and standby letters of credit), and other banking activities. Prominence Bank cannot be held accountable for misrepresentations or unmet promises from other financial institutions.

2. Service Fees:

As an account holder, you are responsible for all service fees, including those for KTT transactions. Choosing to use KTT services means accepting the associated outcomes. These fees apply regardless of the transaction’s result, as Prominence Bank provides the requested service.

3. Accountability:

If you incur fees based on promises from another institution or intermediary, and the transaction does not meet expectations, you must resolve this directly with the involved party. Prominence Bank is not part of external agreements and cannot take responsibility for their outcomes.

4. Avoiding Misdirected Complaints:

Complaining to Prominence Bank about external transactions, third-party promises, or transactions initiated by other financial institutions is misplaced. Our role is limited to executing the services requested within our institution.

5. Refund Policy:

Prominence Bank does not issue refunds for services rendered. Fees are charged for processing the requested services, regardless of the transaction’s final result or any dissatisfaction.

Next Steps:

•Resolve with Your Counterparty: Address unmet promises directly with the intermediary or institution involved.

•Clarify Expectations: Avoid directing complaints to Prominence Bank regarding external agreements or third-party issues, as we cannot resolve them.

At Prominence Bank, we are committed to professionalism and transparency. While we cannot mediate external disputes, we remain available to assist with services under our control. For any additional questions or clarification, please contact us directly.

No, Prominence Bank does not sign Purchase Guarantee Letters (PGL) or Bank Payment Undertakings (BPU) after the execution of a Deed of Agreement (DOA) with an account holder. These agreements are strictly between the transacting parties. We recommend that clients consult with their legal and financial advisors to ensure full compliance with all regulations before proceeding with any contractual commitments.

Prominence Bank operates under Foreign Jurisdiction License No. 05052025-A (Diplomatic Jurisdiction – ETMO). For official verification, use your PIN on our site or email verify@prominencebank.com. We do not publish sensitive licensing documents publicly; please rely on our official channels for confirmation. 

We use SSL encryption, multi-factor authentication, secure trust-account structures, and strict access controls. All operations follow AML/KYC and international banking standards. We do not share client data without consent or legal obligation. 

At Prominence Bank, we take the security of your financial transactions very seriously. We have recently observed a significant rise in fraudulent activities associated with KTT (Key Tested Telex) transmissions, particularly involving the misrepresentation of bank instrument messages as cash transfers. This notice is intended to educate and protect our clients from these deceptive practices and to clarify our bank’s operational stance and responsibilities regarding all KTT-related transactions.

Understanding the KTT Telex Scam

Scammers operating within the financial ecosystem have been known to lure victims—especially investors and account holders—into believing that a genuine monetary transfer is being sent via KTT. However, upon execution, what is actually sent is a bank instrument, such as:

• • MT-103 One-Way Credit Enhancements

• • Standby Letters of Credit (SBLC)

• • Bank Guarantees (BG)

• • Documentary Credits or other structured financial instruments

These instruments do not constitute immediate liquid funds. Yet, the receiving party’s account is still liable for all associated fees, irrespective of their initial expectations.

Clarification on Legitimate Bank Instruments vs. Funds Transfers

It is essential to clarify that bank instruments sent via KTT are often legitimate financial instruments that serve real, verifiable purposes in international banking. These may include credit enhancement, trade finance guarantees, or structured settlement support.

For instance, a bank guarantee or standby letter of credit can be used to guarantee payment for a shipment of goods—such as sending an SBLC from a buyer in Europe to a factory in China to secure the release of products. In some cases, if the receiving bank accepts the instrument as valid security, the recipient may be able to obtain a loan or financing.

However, Prominence Bank does not issue loans, credit lines, or monetization services based on KTT-delivered bank instruments. Our institution acts strictly as a technical receiver, and we do not reclassify, convert, or interpret the intent behind the message content.

Therefore, if a client is expecting a funds transfer but instead receives a bank instrument, this does not mean the instrument is fake. It simply means that the sender issued a legitimate financial tool with a purpose other than direct cash delivery. Misunderstanding this distinction does not invalidate the instrument itself, nor does it relieve the account holder of processing fees.

We urge all clients to exercise due diligence and confirm in advance with their remitter whether they are receiving cash or an instrument.

How Scammers Operate

These fraudsters often operate by:

• • Claiming that a KTT is a guaranteed cash transfer

• • Promising investment capital, donation, inheritance, or project funding

• • Using fake documentation, forged authorization letters, or fraudulent bank credentials

• • Pressuring the client to “prepare” for a high-value KTT and misrepresenting the nature of the transaction

• • Disguising bank instruments as cash deliveries to trick account holders into accepting fees and charges

Once the transaction is received, the client discovers that no cash has arrived, only a financial instrument of uncertain value and utility.

Prominence Bank’s KTT Handling Policy

Prominence Bank offers the technical capability to receive and process all forms of KTT transmissions into any account under our platform. However, we make the following critical clarifications:

• • KTT Receiving Fee: Prominence Bank charges a 1.5% fee on the total face value of any received KTT, regardless of whether the KTT is a cash transfer or a bank instrument.

• • No Upfront Charges: We do not charge any upfront fees for the receipt of a KTT. However, once the KTT is received and recorded into our system, the 1.5% processing fee is automatically deducted from the account holder’s balance.

• • Irrevocable Obligation: The client is fully responsible for the fees once the KTT is delivered—regardless of the instrument’s nature.

• • No Instrument Conversion: Prominence Bank cannot convert or modify a bank instrument received via KTT into a liquid cash credit. We do not reclassify KTT instruments. We act as a passive receiver and record what is delivered exactly as sent by the remitting institution.

• • Transaction Irreversibility: Once the KTT is downloaded into the bank’s system, the transaction becomes non-reversible and the associated fees are triggered immediately. The client must have the required fee amount in their account in advance, or the bank reserves the right to debit other holdings or assets.

Our Recommendation: Use SWIFT Over KTT

For all clients seeking reliable, traceable, and secure fund transfers, Prominence Bank strongly recommends using SWIFT wire transfers.

Unlike KTT:

• • SWIFT messages are standardized and widely regulated

• • Funds are verifiable and traceable in real-time

• • The receiving party has clarity and confirmation before charges apply

KTT transmissions, especially from unknown or unverified sources, carry a high risk and lack transparency. It is not possible for Prominence Bank to pre-verify or confirm the contents of a KTT message until it is fully received and processed.

How to Protect Yourself

1. Verify the sender’s legitimacy. Ask for credentials and confirmation from a regulated financial institution.
2. Do not accept transactions you do not fully understand.
3. Request a pre-advice or detailed breakdown of what will be transmitted.
4. Obtain written confirmation of whether the transmission is a cash transfer or a bank instrument.
5. Do not rely on verbal promises or unofficial documentation.
6. Keep a healthy level of skepticism with high-value unsolicited offers.
7. Consult with your private banker or compliance officer before accepting any KTT transaction.

Investor and Client Responsibility

Please understand that Prominence Bank does not intervene, authorize, or validate the intent of the remitter or the authenticity of the KTT content prior to its arrival. We only receive what is delivered via secure channels, and we do not alter or interpret the nature of the KTT Telex.

Therefore, clients bear 100% responsibility for ensuring that the originator of the KTT is legitimate, and for confirming whether the expected transaction is truly funds or a financial instrument. Misunderstanding or misrepresentation by your counterparty will not nullify our standard 1.5% processing fee.

Important Notice

We have encountered multiple cases of clients mistakenly believing they were receiving funds, only to find that a bank instrument was transmitted instead. These are not errors or malfunctions by Prominence Bank. They result from lack of client due diligence and misrepresentation by third-party remitters.

Prominence Bank’s sole responsibility is to receive, process, and post incoming KTT messages as delivered. We do not modify, restructure, or reclassify their contents. All fees are applied as outlined in our terms and conditions, without exception.

Client Advisory:

To avoid unexpected fees, financial loss, or legal issues, Prominence Bank advises all clients to:

• • Avoid using KTT for critical or large transactions unless fully verified

• • Opt for SWIFT-based transactions where possible

  • Conduct rigorous due diligence on all KTT senders

• • Ensure sufficient balance is available to cover the 1.5% processing fee

Prominence Bank remains committed to supporting legitimate international banking transactions and providing compliant, secure services. For questions or clarification regarding KTT procedures, please contact your account manager or our compliance team.

Stay Informed. Stay Protected.

Best regards,

Prominence Bank

If you have provided your KTT instructions to your remitter, it is your responsibility to fully understand and manage the nature of the transactions being sent to your account. Prominence Bank is not involved in these transactions and cannot comment on or verify the specifics of what is being sent by your remitter.

We reiterate that:

1. Your remitter’s actions are not our concern. Any agreements, terms, or instructions exchanged between you and your remitter are solely your responsibility.

2. A KTT transaction if it is currently pending on your account will not be processed, downloaded, or reviewed by Prominence Bank if your account it is in delinquent status and in good standing.

• • The cost to open a custodian account (SKR) is €25,000, payable at the time of application.

• • An additional 2% of the face value of the SKR is due within six months of issuance or upon loan disbursement.

• • The Performance Bond Insurance Policy (recommended from Lloyd’s of London) ranges from 0.05% to 2% based on the insured amount.

• • Asset deposit at the bank has no associated cost; however, asset appraisal costs are coordinated directly with the appraiser.

• • Loan approval is at the sole discretion of our Credit Department and is not guaranteed solely by the issuance of an SKR.

Please note that Prominence Bank does not accept SKRs issued by external storage facilities. To proceed with any transaction, the assets must be deposited with Prominence Bank. Upon deposit, an SKR will be issued directly by our bank, ensuring full bank responsibility and validity for monetization purposes.

As the account holder, it is your responsibility to fully understand and manage the nature of the KTT transactions being sent to your account. If you provided KTT instructions to your remitter, you are accountable for the type of transaction being sent. Prominence Bank does not get involved in transactions initiated by you or your remitter, nor do we verify or guarantee the specifics of such transactions originated by another bank institution.

At Prominence Bank, we prioritize the confidentiality and security of our clients’ financial information. If you are not an account holder, we are unable to provide transaction details or banking information. We kindly advise you to directly contact your sender or receiver who holds an account with our bank, as they have access to all necessary transaction details through our secure internet banking platform.

For further assistance, we recommend working directly with the account holder involved in the transaction to obtain any required information.

You are solely responsible for all agreements, terms, and instructions exchanged with your remitter. Prominence Bank is not involved in these transactions and does not verify, manage, or guarantee their outcomes. It is your duty to ensure clear communication and understanding with your remitter regarding any Key Tested Telex (KTT) transactions.