Prominence Bank Archives - Page 2 of 10

+(44) 208 895 6493 Mon - Fri 09:00 - 17:00 Centre Montpellier PB 788, Fomboni, Mwali, KM

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Prominence Bank

Does Prominence Bank support cryptocurrency transactions and accounts?

March 9, 2025admin

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

What services and financial solutions does Prominence Bank offer?

March 9, 2025admin

Prominence Bank offers personal and business banking, corporate finance, investment banking, bank instruments (SBLCs, BGs), trade finance, and secure international transactions.

What types of accounts does Prominence Bank offer (personal, business, etc.)?

March 9, 2025admin

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

Who can open an account with Prominence Bank?

March 9, 2025admin

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

Is Prominence Bank a regulated financial institution?

March 9, 2025admin

Yes. Prominence Bank operates under the regulatory framework of the International Services Authority of Mwali, complying with international AML (Anti-Money Laundering) and KYC (Know Your Customer) policies.

Where is Prominence Bank located and under what license does it operate?

March 9, 2025admin

Prominence Bank is registered in the Autonomous Island of Mwali (KM Union) and holds a Class ‘A’ Full Banking License. It does not have physical branches, operating solely through secure online platforms.

What is Prominence Bank?

March 9, 2025admin

Prominence Bank is a fully digital international bank that operates entirely online. It is licensed in the KM Union and provides banking services to corporations, entrepreneurs, and high-net-worth individuals worldwide.

What should I do if I am not an account holder but need information about a transaction?

March 1, 2025admin

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...

Can non-account holders obtain information about banking operations or fund transfers?

March 1, 2025admin

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.

Does the bank sign a PGL or BPU after the DOA is executed with an account holder?

March 1, 2025admin

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...