KTT Responsibilities Archives

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KTT Responsibilities

Key Tested Telex (KTT) Transaction Policy

November 26, 2024admin

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,...

Policy on KTT Transactions

November 26, 2024admin

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,...

What are my responsibilities to understand regarding KTT transactions?

November 26, 2024admin

• 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.