FAQs

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

Yes, account opening fees and associated charges are outlined during the application process. All fees must be paid prior to account activation.

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

Yes, fraudulent websites exist. Always ensure you visit the legitimate M.I.S.A. website, which uses the “.org” domain. Any website using “.com” or other variations claiming to represent M.I.S.A. is fraudulent.

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.

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

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

Additionally, 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 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.

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.

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

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, Prominence Bank does not permit the addition of authorized users to personal or corporate accounts. All account access is strictly limited to the registered account holder in accordance with our compliance and security policies.

Yes, you can apply for a loan with a Safe Keeping Receipt (SKR) from Prominence Bank.  The SKR acts as valuable collateral, making it easier to secure a loan. 

Here’s what to expect:

• Distinct Services: We emphasize that asset custody and loan provision are separate services.  You’ll need to secure custody of your assets before we can proceed with a loan.

• Performance Bond Insurance Policy: We strongly recommend obtaining a performance bond insurance policy, as it significantly increases the chances of loan approval. This policy, combined with your SKR and “Full Bank Responsibility,” is widely accepted as collateral by financial institutions.

• Loan Approval: While the SKR is important, the final decision on loan approval rests with Prominence Bank’s Credit Department.  The SKR agreement itself does not guarantee loan approval.

Outlined Loan Procedure:

1. Open a Custodian Account: This account is for holding your assets.

2. Deposit Assets:  You will need to deposit your assets with the bank.

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

4. Loan-to-Value (LTV) Ratio: This ratio determines the maximum loan amount based on your asset value. It ranges from 20% to 65%.

5. Performance Bond Insurance Policy: After your asset evaluation and pre-approval are complete, we’ll request a performance bond insurance policy.

6. Loan Disbursement:  Once all necessary steps are taken, your loan will be disbursed within 72 banking hours.

Important Notes:

• Asset Valuation: The higher the valuation of your assets, the better your chances of loan approval and the more favorable the loan terms.

• Costs: All costs associated with this process (custodian account, insurance, appraisal, etc.) are your responsibility.

Cost Breakdown:

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

• Asset Deposit:  No cost involved.

• Asset Appraisal:  Costs are coordinated directly with the appraiser.

• Loan Application: No associated charges.

• Performance Bond Insurance: 0.05% to 2% of the insurance value (recommended from Lloyd’s of London).

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

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.

Yes, once you have deposited cryptocurrency into your account, we can convert it into fiat currency, such as USD or Euro, based on your account’s currency.

No. Account management cannot be delegated. All actions must be performed directly by the account holder.

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

Yes, Prominence Bank allows clients to fund their accounts with cryptocurrencies such as USDT or BTC.

No. Viewing or managing account activity is restricted solely to the account holder.

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

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

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.

Yes, you can receive different currencies into your Prominence Bank account. However, please note that exchange and conversion rates may apply to your account. For example, the KTT conversion rate incurs a fee of 0.4%. 

While it is possible to receive funds in different currencies, we recommend using your account’s designated currency to avoid these additional charges and ensure a smoother transaction process.

Absolutely! Prominence Bank offers a comprehensive and versatile banking experience. You can seamlessly receive funds through KTT Telex, a reliable and efficient method for transferring large sums of money. Once the funds are in your account, you have the flexibility to make payments to any bank globally using wire transfers via IBAN or SWIFT. This capability ensures that you can manage and distribute your funds efficiently, whether for personal or business purposes.

No. Prominence Bank does not confirm or verify incoming transactions before they are downloaded and processed. Only you and your remitter have the information regarding these transactions.

While we understand the importance of financial transactions and the need for transparency, we must clarify that the fees incurred from KTT transactions are non-refundable in accordance with our policies.

We kindly ask that you refrain from seeking refunds for services rendered, regardless of issues related to your remitter, as such requests do not align with our banking policies. 

Prominence Bank does not impose upfront fees; charges apply only when a specific service has been rendered. When a KTT (of any type) is credited to your account, fees will be applied. By authorizing your account to receive KTT transactions, you accept full responsibility for all incoming transactions and associated charges.

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

For any inquiries or assistance, we encourage you to contact our help desk at helpdesk@prominencebank.com. Our team is available 24/7 to respond to all your questions. Please kindly list your queries, and they will be addressed accordingly.

Please note that we do not provide customer service via phone for security reasons. Utilizing our certified email ensures you receive accurate responses while also maintaining a record of all communications, which helps us enhance our customer service.

We look forward to assisting you!

No, you cannot use a KTT Telex funds transfer to pay for the bank account opening fee. The opening fee must be paid via Swift wire transfer or Cryptocurrency (USDT). KTT is not accepted for this payment, but once your account is opened, you can request to enable KTT transfers for future transactions.

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.

Thank you for your interest in visiting our head office. As a digital bank, we operate exclusively online to ensure we provide our customers with efficient and convenient banking services. We do not have physical branch locations for customer visits or appointments.

Our primary channel for customer support is through our 24/7 helpdesk email service. If you have any inquiries or require assistance, please feel free to contact us through this platform, and our dedicated team will be happy to assist you promptly.

Additionally, please note that our bank account opening process is conducted entirely online to streamline and expedite your onboarding experience.

We appreciate your understanding and cooperation as we focus on delivering seamless digital banking services. Should you have any further questions or require assistance, do not hesitate to reach out to us via our helpdesk email.

Thank you for considering our digital banking services!

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

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.

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.

No, Prominence Bank cannot confirm or verify what is being sent to your account. Only you and your remitter can provide this information. We do not get involved in transactions initiated by other banking institutions or remitters, and we do not guarantee their outcomes until the transaction has been fully processed by Prominence Bank.

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. Only the registered account holder is authorized to operate the account. Third-party access is strictly prohibited.

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.

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.

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.

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 State of SCNRFP, 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 SCNRFP 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.

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

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 allows clients to fund their accounts with cryptocurrencies such as USDT or BTC.

Yes, Prominence Bank accepts all types of KTT transactions. We provide comprehensive KTT services to all account holders. You do not need to be concerned about whether the originating system is analog or digital. If you wish to received a funds transfer or communicate with another bank via the KTT system, simply provide the necessary information to our bank, and our department will manage the KTT request and ensure it reaches the intended recipient.including cash transfers, bank instruments, and direct bank-to-bank communication. We strive to provide our customers with flexible options for 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, we have a mobile banking app that allows you to manage your accounts, and send money conveniently from your smartphone.

Stay in control of your finances with our mobile banking app. 

Our app lets you:

• Manage your accounts

• Transfer money between accounts

• Make payments and transfers

• Update your personal details

• Track your expenses

• Manage your regular payments

• Send money to friends and family

Download our app today and manage your money conveniently from your smartphone.

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.

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.

Prominence Bank follows a policy of not charging any fees upfront. When a fee is charged, it indicates that the service has been provided and confirmed. If a transaction is not completed, there would typically be no fee applied because fees are only charged upon successful delivery of services.

Yes. Clients can deposit and withdraw cryptocurrency, with conversion to fiat currencies available through Prominence Bank’s secure platform.

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 does not charge upfront fees for any of our services. All of our fees are deducted from your bank account available balance only after we have provided a service to you.

No, Prominence Bank has not been liquidated or shut down. We remain a fully licensed and operational financial institution. Prominence Bank operates under Foreign Jurisdiction License No. 05052025-A, issued by the sovereign State of SCNRFP, under the authority of the Theocracy Government.

Previously, our operations were licensed under the International Services Authority Institution of Mwali. While that authority formerly regulated our license, it does not have the legal capacity to declare or confirm the liquidation of Prominence Bank. No lawful filings or court orders exist to indicate any such status, and any suggestion to the contrary is false and misleading.

If you encounter such claims, we strongly advise you to request formal legal documentation from the source making the assertion. In the absence of such evidence—which does not exist—the information should be disregarded as misinformation.

We encourage clients and stakeholders to consult only our official channels for accurate and verified updates:

www.prominencebank.com

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

You can reach our customer service team through various channels to ensure you receive the assistance you need:

1. Phone: Call our customer service hotline at +(44) 208 895 6493. Our representatives are available [insert hours of operation] to help you with any inquiries.

2. Email: You can send us an email at helpdesk@prominencebank.com. We strive to respond to all email inquiries within [insert response time, e.g., 24-48 hours].

3. Live Chat: Visit our website and use the live chat feature for immediate assistance. Our chat support is available 24/7, allowing you to get real-time help.

Your satisfaction is our priority, and we are here to assist you with anything you need!

For licensing verification or regulatory inquiries related to entities formerly registered under the jurisdiction of Mwali (Mohéli), you may contact the Mwali International Services Authority (M.I.S.A.) directly via email at:

info@mwaliregistrar.org

Please note that Prominence Bank no longer operates under the jurisdiction of M.I.S.A., having officially relocated its banking license to the sovereign State of SCNRFP. All current regulatory matters concerning Prominence Bank fall under the authority of the State of SCNRFP.

To open a bank account with Prominence Bank, you can follow these steps:

1. Complete the online application form for either a Personal or Business Bank Account:
   • Open a Personal Bank Account Application here!
   • Open a Business Bank Account Application here!
2. Pay the minimal non-refundable opening fee of €25,000 via Swift wire transfer or Cryptocurrency (USDT). Please note that KTT cannot be used for this payment.
3. If you encounter difficulties with the online form, you can download a hard copy of the application:
   • Download Personal Bank Account Application here!
   • Download Business Bank Account Application here!
4. Submit the completed application along with proof of payment to Account@prominencebank.com.

Your application will be processed, and your account will be ready for transactions within 72 banking hours after payment confirmation.

To open a KTT bank account with Prominence Bank, follow these steps:

1. Complete the Personal or Business Bank Account Application:
   • Open a Personal Bank Account Application here!
   • Open a Business Bank Account Application here!
2. Pay the minimal non-refundable opening fee of €25,000 via Swift wire transfer or Cryptocurrency (USDT). Please note that KTT cannot be used for this payment.
3. Once your account is opened, you can request to enable KTT transfers, which typically takes 24 hours at no extra cost.

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

You can deposit funds using the following cryptocurrency wallets:

• Crypto USDT Wallet (Tether TRC20): TPYjSzK3BbZRZAVhBoRZcdyzKpQ9NN6S6Y

• Crypto BTC Wallet (Bitcoin network): 3FGg8FL4uGHNy6diioTXRpzRrotHsGvkx9

Important Note:  To ensure your funds are credited correctly, please send a confirmation of the cryptocurrency transaction to our Account Department at account@prominencebank.com.

Prominence Bank operates under Foreign Jurisdiction License No. 05052025-A, issued by the sovereign State of SCNRFP. This license is authorized by the Theocracy Government.

To verify our licensing status, we recommend the following steps:

1. Contact the Office of the Prime Minister of SCNRFP via official government channels to request confirmation of our Foreign Jurisdiction License No. 05052025-A.

2. Rely only on verified sources. Prominence Bank does not publish sensitive licensing documents on public domains due to privacy and security protocols.

Please disregard any third-party claims lacking official legal documentation. For accurate, updated, and official information, always refer to:

www.prominencebank.com

Locate Wire Transfer Instructions: Inside your online banking portal, there should be a specific area that details how to receive wire transfers, including KTT (Telex) transfers. This will typically include:

• 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 Tel:

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.

Client confidentiality is a top priority at Prominence Bank. We employ advanced encryption technologies and strict internal protocols to protect all client information and ensure data security.

Prominence Bank employs SSL encryption, multi-factor authentication, and trust account structures to protect client transactions and maintain confidentiality.

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.

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.

Prominence Bank prioritizes security and ensures all transactions are conducted through encrypted systems and verified processes. Our protocols align with international banking standards to protect client information and funds.

No, this information is false and misleading. Prominence Bank is not in liquidation and remains a fully licensed, regulated, and operational financial institution. Prominence Bank operates under a Foreign Jurisdiction License (No. 05052025-A) issued by the sovereign State of SCNRFP, authorized by the Theocracy Government.

Prior to this, Prominence Bank was licensed under the jurisdiction of the KM Union (Mwali), but we have since transitioned to a more independent and internationally recognized sovereign framework. This move strengthens our ability to uphold client privacy, regulatory autonomy, and operational continuity without external interference.

We emphasize that no valid legal filing or government-issued document exists indicating any liquidation or closure status for Prominence Bank. The Mwali International Services Authority, while previously overseeing our former license, is not authorized to confirm or declare liquidation of any banking institution without formal legal process—which has not occurred.

If you encounter such claims online, we strongly encourage you to request formal legal documentation from the party making the allegation. In the absence of such proof, the claim should be considered baseless.

Prominence Bank does not solicit or persuade. We believe clients should make informed decisions based on verifiable legal records, institutional transparency, and personal due diligence. Should you have concerns, we respect your right to explore other financial institutions. However, we do not respond to unverified third-party commentary not supported by factual or legal grounds.

For official and accurate information, please visit our website:

www.prominencebank.com

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.

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

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

Yes. Prominence Bank is a fully regulated financial institution operating under Foreign Jurisdiction License No. 05052025-A, issued by the sovereign State of SCNRFP. The license is authorized by the Theocracy Government.

Prominence Bank adheres to strict international compliance standards, including Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols. These policies are integral to our operational framework and are enforced across all client onboarding, transaction monitoring, and account servicing activities.

Our regulatory structure enables us to maintain independence, discretion, and full compliance while serving a global clientele.

For additional regulatory details or documentation, please visit:

www.prominencebank.com

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.

No, Prominence Bank Corporation operates as a legally registered international financial institution under a distinct legal and financial framework. We do not fall under the regulatory authority of Banque Centrale des Comores (Central Bank of the Comoros). Our banking structure, licensing, and operational procedures comply fully with the jurisdiction in which we operate.

We appreciate due diligence in verifying financial institutions. However, we do not engage in solicitations or efforts to convince clients unethically. We recommend selecting a bank that aligns with your financial needs and regulatory expectations.

Yes, Prominence Bank operates in compliance with relevant banking regulations and international standards, ensuring transparency and reliability in all services offered.

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.

At this time, the €25,000 fee is non-negotiable. This fee is a fundamental part of our service model, ensuring we can maintain the high level of security and compliance required for our clients.

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

KTT services are available to all Prominence Bank account holders. To enable KTT transfers, clients must submit a request, which is typically processed within 24 hours at no additional cost.

3. Transaction Limits

• Minimum Tranche Size: €10 million per transaction.
• Maximum Tranche Size: €500 million per transaction.
• Frequency: No restrictions on the number of tranches that can be initiated daily.

Note: These minimum and maximum tranche sizes are non-negotiable and cannot be modified.

4. Fees and Charges

• Incoming KTT Transactions: Subject to a 1.5% fee.
• Outgoing Wire Transfers: Incurs a 1% fee plus SWIFT/SEPA costs.

Note: Prominence Bank does not impose upfront fees; charges apply only when a specific service has been rendered.

5. Transaction Types

Prominence Bank supports all types of KTT transactions, including:
• Cash transfers.
• Bank instruments.
• Direct bank-to-bank communications.

This flexibility accommodates the diverse requirements of our clients, ensuring a seamless and adaptable experience.

6. Responsibilities Regarding KTT Transactions

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

7. Policy on KTT Transactions

Prominence Bank will credit your account with whatever is received as per the instructions provided by the remitter’s bank. However:
• No Guarantees: Prominence Bank does not guarantee the nature of any transaction initiated by another banking institution or any remitter.
• Non-Involvement: Prominence Bank does not get involved in transactions initiated by you or your remitter, nor do we provide guarantees for their outcomes.
• Responsibility: It is solely your responsibility to be fully informed of the transactions you or your remitter initiate.

Note: Prominence Bank cannot verify or confirm what is being sent to your account before it has been downloaded and processed. Only you and your remitter can provide this information.

8. Security and Compliance

• Verification: Clients are advised to conduct thorough due diligence and consult with our experts before proceeding with KTT transactions to mitigate risks associated with unverified counterparties.
• Compliance: All transactions must comply with Prominence Bank’s compliance and regulatory standards.

9. Confidentiality

Prominence Bank ensures that all incoming and outgoing transactions are processed through the bank’s trust accounts, maintaining the highest level of discretion by consistently protecting the information of all account holders.

10. Amendments

Prominence Bank reserves the right to amend this policy as necessary to comply with regulatory changes or to enhance service quality. Clients will be notified of any significant changes in a timely manner.

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 to respond to all your questions.

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

Yes, once your cryptocurrency is deposited into your account, we can convert it into fiat currency, such as USD or Euro, based on your account currency.

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.

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 (SCNRFP) 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) 208 895 6493

Address:

Prominence Bank

Foreign Jurisdiction License No. 05052025-A

State of SCNRFP – ETMO Diplomatic Jurisdiction

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.

• 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 banking hours following the completion of all required procedures.

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.

Upfront Fee vs. Available Balance

Upfront Fee:

An upfront fee is a one-time charge that a bank or financial institution requires to initiate a service or product. This fee is paid before the service is rendered or the product is delivered. For example, when applying for a loan, you might encounter an upfront fee, which could cover administrative costs, processing your application, or obtaining necessary 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 is non-refundable and is deducted from the total amount you would owe if your mortgage application is approved.

Available Balance:

Your available balance refers to the amount of money in your bank account that you can access or withdraw at any given time. This balance takes into consideration any pending transactions, holds on deposits, and your account’s overall balance. Having a sufficient available balance means you have enough funds to cover transactions, such as bills, purchases, or withdrawals, without incurring overdraft fees.

Summary:

– An upfront fee is a pre-payment for a service or product, generally paid at the beginning of a transaction.

– Your available balance is the actual amount of money you can use from your account at any time, which may differ from your total account balance due to pending transactions.

Understanding the difference 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 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.

You can deposit cryptocurrencies like USDT (Tether) or BTC (Bitcoin) into your Prominence Bank account.

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

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.

KTT functionality is enabled within 24 hours after the account holder formally requests KTT activation on their account. Once requested, the enablement is guaranteed. Prominence Bank does not decline KTT activation on any account under any circumstances, unless the client specifically requests deactivation after asking to enable it. This ensures there is no risk that a client, once their account is opened, will be unable to receive KTT transfers.

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

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.

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

We would like to inform you that all types of KTT Telex transactions incur a fee of 1.5% of the face value received. This fee applies to bank instruments such as Bank Guarantees (BG), Standby Letters of Credit (SBLC), and any other type of KTT transaction, including funds transfers.

As our bank policy dictates, we are unable to determine the type of KTT that will be received through the KTT Telex system until the transaction is fully downloaded and credited to the account holder’s profile. Consequently, we require that any client wishing to utilize the KTT Telex system services possess the financial capacity to cover the associated fees before the service is provided.

Although we do not charge upfront fees, it is essential for account holders to maintain a sufficient available balance to cover the KTT Telex fees before any KTT Telex transaction can be credited to their profile. Typically, clients who utilize KTT Telex services are high-net-worth individuals, ensuring they have the necessary financial resources to cover all associated fees.

For example, if you are receiving a Standby Letter of Credit (SBLC) via KTT Telex with a face value of 500 million, the associated banking fee of 1.5% would amount to 7.5 million dollars. If your account does not have the available balance to cover this fee, it could lead to a substantial negative balance, in addition to potential Non-Sufficient Funds (NSF) penalties, which would negatively impact our banking records with regulatory agencies. This could leave your account significantly in the negative, which we strongly recommend avoiding. It is essential to ensure that you have sufficient funds in your account to cover all associated fees before initiating a KTT transaction.

Yes, there are various fees associated with your account at Prominence Bank, which may vary depending on the type of account you hold and the services you utilize. Understanding these fees is important for effective account management. Here are some common fees you may encounter:

– Monthly Maintenance Fee: This fee is charged for maintaining your account on a monthly basis.
– Overdraft Fees: Incurred when you withdraw more than your available balance, this fee is applied to help manage overdrafts.
– Wire Transfer Fees: These fees apply when sending or receiving money via wire transfer, whether domestically or internationally.
– Insufficient Funds Fee: This fee is related to transactions that bounce due to insufficient funds in your account.
– Foreign Transaction Fee: Applied to purchases made in a foreign currency, this fee helps cover the costs associated with such transactions.
– Minimum Balance Fee: Assessed if your account balance falls below a specified minimum threshold.
– Inactivity Fee: This fee is applied if your account remains inactive for a certain period, encouraging account usage.

For a comprehensive list of all fees associated with your account, we recommend that you refer to our publicly available fee schedule at Prominence Bank Basic Fees.

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.

Bank endorsement is a form of guarantee provided by a bank, often used for negotiable instruments like banker’s acceptances or time drafts. It essentially assures the parties involved in a transaction that the individual or business has the bank’s backing, creating a sense of trust and security. 

Think of it this way:

• The bank acts as an intermediary:  They vouch for the trustworthiness of their customer, making the transaction smoother and safer.

• Bank endorsements are common in international trade: They help build trust between parties from different countries who might not know each other well.

What Prominence Bank Offers:

Prominence Bank provides a bank endorsement guarantee, which means we confirm that we will uphold and guarantee an agreement or commitment made by our customer to a third party.  This assurance gives your partners confidence that Prominence Bank will step in if your customer is unable to fulfill their obligations.

Benefits of Prominence Bank Endorsement:

• Full Endorsement: Covers agreements, projects, and specific negotiable instruments.

• Increased Trust:  Gives you the leverage needed to confidently negotiate and close deals.

• Enhanced Reputation: Our reputation strengthens your own, boosting your standing in the marketplace.

• Global Reach:  We support local and international transactions.

• Comprehensive Coverage: We cover both banker’s acceptances and time drafts.

• New Opportunities: Our endorsements can open doors to new partnerships and business ventures.

Cryptocurrency is a digital form of currency that uses cryptography for secure transactions and to create new coins.  Think of it as a digital version of traditional currencies like the US dollar or the Euro.  Bitcoin was the first cryptocurrency, created in 2009, and since then, hundreds of other cryptocurrencies have emerged. They are sometimes called “altcoins.”

Prominence Bank offers cryptocurrency accounts to help you manage your digital assets.  Here’s what you get:

• Cryptocurrency Wallet: You can fund your crypto wallet and transfer funds directly from your cryptocurrency account to your regular bank account.

• Secure Transactions:  All your transactions are conducted securely and confidentially.

• Multi-Currency Support: You can transfer funds from your Prominence Bank account to your cryptocurrency account in multiple currencies like USD, GBP, or EUR.

• Easy to Use: Opening and using your account is straightforward.

Benefits of a Prominence Bank Cryptocurrency Account:

• Tax Havens Banking Secrecy: Prominence Bank offers the highest level of privacy and security.

• Control:  You have complete control over your account.

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

• Minimal Fees:  A low deposit is required for opening the account.

• Swift Transactions:  You can send and receive swift wire transfers instantly.

What are the Opening Fees and Procedures for a Cryptocurrency Bank Account?

• Opening Fee:  €25,000 per cryptocurrency account.

• Minimum Balance:  $100 value in cryptocurrency.

• Monthly Charge: Free.

• Completion Time:  7 banking days after the opening fee is paid.

• Procedures:

    1. Complete the application form accurately.

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

    3.  Send the opening fee deposit. 

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

M.I.S.A. is the official regulatory body responsible for the registration and oversight of companies on the Autonomous Island of Mwali (Mohéli), a constituent island of the Union of the Comoros. Prominence Bank was formerly licensed under this jurisdiction.

Prominence Bank has formally relocated its banking license from the KM Union (Mwali) to the sovereign jurisdiction of the State of SCNRFP, under Foreign Jurisdiction License No. 05052025-A. By transitioning to SCNRFP, Prominence Bank has elevated its jurisdictional positioning to a truly independent and internationally recognized sovereign framework. This move enhances our ability to safeguard client privacy, provide flexible financial solutions, and maintain the regulatory independence required to support a global client base with discretion and integrity.

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.

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

• 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.

The account opening fee is €25,000. This non-refundable fee ensures access to high-security banking services with total privacy and specialized account management.

Prominence Bank operates under a Class ‘A’ Banking License (License No. 05052025-A), issued by the State of SCNRFP. 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 a variety of financial services, including:

• Bank Endorsement
• Bank Instruments
• Business Banking
• Corporate Banking
• Corporate Finance
• Cryptocurrency Bank Account
• Custodial Bank Safe Keeping Receipt (SKR)
• Investment Banking Services
• Investment Services
• KTT Bank Account
• Loans
• Mergers & Acquisitions
• Mortgages
• Personal and Business Bank Accounts
• Private Banking
• Retail Banking
• Structured Finance
• Trade Finance
• Institutional Sales

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.

If you come across conflicting or unclear information regarding Prominence Bank’s license, contact M.I.S.A. directly for official confirmation.

If you forget your password, you can use the “Forgot Password?” feature on our login page to reset it. Follow the instructions provided to regain access to your account.

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.

At Prominence Bank, we want you to feel confident regarding our fee structure. Rest assured, we will never charge you a fee for services not rendered. Any fees deducted from your account signify that we have indeed provided the service, and you will see the corresponding transaction reflected in your account.

For instance, if a client sends a bank instrument via KTT to your account, we will not deduct any fees until we have successfully received that KTT transaction. If a fee does appear on your account, you can be certain that the KTT transaction will also be recorded.

We guarantee that you will not incur any fees if we do not provide the service for which you have fully paid. Upholding the integrity and responsibility of our bank to our clients is our top priority.

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 international financial institution operating under the sovereign jurisdiction of the State of SCNRFP, pursuant to Foreign Jurisdiction License No. 05052025-A. The bank operates exclusively through secure digital platforms and maintains no physical branch locations, ensuring 24/7 access to all services worldwide.

Prominence Bank operates under a Class ‘A’ Full International Banking License (License No. 05052025-A) issued by the sovereign government of the State of SCNRFP. The bank is authorized to conduct global banking operations through SCNRFP’s Foreign Jurisdiction Diplomatic Territories and Extraterritorial Trade Mission Offices (ETMO). All licensing matters are managed under the authority of the SCNRFP Theocracy Government.

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

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.

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 different services and have varying cost structures. While some banks may not charge an upfront fee, they may have higher transaction fees or require a minimum balance. Our fee structure is transparent and allows us to provide the specialized, secure, and confidential banking services that our clients value.

Benefits of Banking with Prominence:

• Unmatched Confidentiality: We prioritize your privacy. All transactions are processed through trust accounts, ensuring complete anonymity.

• Global Reach: Our international network of correspondent banks makes global transfers seamless.

• Robust Security:  We invest in advanced security technology to safeguard your assets.

• Dedicated Support:  Our team is dedicated to providing exceptional customer service and support.

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

The €25,000 fee is not just an opening cost—it is an investment in privacy and peace of mind. Here’s why:

1.Enhanced Security Measures

Managing completely private accounts requires specialized infrastructure, advanced security protocols, and compliance with international banking regulations. This ensures your account remains protected from breaches or unauthorized access.

2.Trust-Based Transactions

By performing all transactions under the bank’s name, we take on the responsibility of safeguarding your identity. This level of discretion requires additional operational resources and a dedicated team to manage accounts securely and efficiently.

3.Exclusive Access to Privacy-Focused Banking

Prominence Bank is designed for clients who understand the value of confidentiality in today’s world. Maintaining this exclusivity requires a substantial commitment to high-level expertise and advanced technology.

4.Long-Term Value

The fee ensures that you are part of an elite banking network, providing benefits that far outweigh the initial investment. From confidential banking to tailored financial solutions, Prominence Bank delivers exceptional value to our clients.

Invest in Privacy and Security with Prominence Bank

When you open an account with Prominence Bank, you are choosing a trusted partner committed to protecting your financial interests and privacy. The €25,000 fee ensures that you receive the best-in-class banking services designed to meet the demands of high-profile and global clients.

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.

The fee reflects the comprehensive suite of services we provide, including:

• Secure, anonymous account management: We prioritize the discretion and privacy of our clients, safeguarding their financial transactions.

• International banking infrastructure: We maintain a network of trusted correspondent banks globally, facilitating seamless international transfers.

• Robust security measures: We invest in advanced security protocols and technology to protect your assets and maintain the integrity of your account.

• Unparalleled Discretion:  We are committed to providing the utmost level of privacy and anonymity for our clients. All transactions are processed through trust accounts, ensuring complete discretion and protection of your personal information.

No, Prominence Bank will not review, download, or process the KTT transaction currently pending on your account until the account is in good standing and the required fees are covered. It is your sole responsibility to know and verify the details of the transactions you or your remitter initiate.

Prominence Bank will credit your account based on the instructions received from the remitter’s bank. However, this will only occur if your account is out of delinquent status and has sufficient funds to cover the fees. It is your responsibility to ensure the nature of the transaction aligns with your expectations.