banking compliance Archives - Prominence Bank

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banking compliance

Does Prominence Bank accept all KTT Telex codes and bank procedures, and can you communicate directly with the sending bank to coordinate my transaction?

May 20, 2025admin

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...

Can I add an authorized user to my account?

April 8, 2025admin

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.

Can I delegate account management to a financial advisor?

April 8, 2025admin

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

Can I designate a beneficiary or successor for my account?

April 8, 2025admin

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

Is joint account ownership available at Prominence Bank?

April 8, 2025admin

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

Can I authorize another person to make transactions from my account?

April 8, 2025admin

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

Am I allowed to share my online banking credentials with a third party?

April 8, 2025admin

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

Can multiple signatories be added to my corporate account?

April 8, 2025admin

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

Can I give my accountant or lawyer limited access to view my account?

April 8, 2025admin

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

Is it possible to assign a power of attorney for my account?

April 8, 2025admin

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

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