Funds Transfer Archives - Prominence Bank

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Funds Transfer

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 open a personal or business account and gain access to it before my funds are transferred and before I pay the account opening fee?

November 3, 2024admin

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.

Can the bank account opening fee be deducted from my first funds transfer?

November 3, 2024admin

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...

What is the SWIFT code for Prominence Bank?

November 2, 2024admin

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.

Can I use a KTT Telex funds transfer to pay for the bank account opening fee?

November 2, 2024admin

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.