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Prominence Bank

Can I use Prominence Bank for personal banking services?

November 25, 2024admin

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.

Does Prominence Bank provide SBLCs and Bank Guarantees?

November 25, 2024admin

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.

Clarification on KTT Transactions and Your Responsibility as an Account Holder

November 23, 2024admin

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...

Clarification on KTT Cash Transfers and Bank Responsibilities

November 23, 2024admin

It is important to understand how KTT cash transfers work to avoid any confusion regarding the process. Here’s a breakdown of the key aspects: 1.Bank Officer Notifications: When a bank officer informs you of an incoming KTT cash transfer, they are simply relaying the information visible on the bank’s system. This does not guarantee that...

General Information for Clients: Understanding KTT Transactions and Associated Risks

November 23, 2024admin

At Prominence Bank, we value transparency and appreciate the importance of sharing experiences to educate others about financial transactions. One area that requires significant caution is Key Tested Telex (KTT) transactions. While these transactions can appear promising, they often come with substantial risks that should not be underestimated. Risks of KTT Transactions: Many clients have...

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...

How can I send funds to my Prominence Bank account using cryptocurrency?

November 3, 2024admin

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.

Can I apply for a loan with a Safe Keeping Receipt (SKR)?

November 3, 2024admin

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...

Can I request a refund of fees attributed to KTT Telex transactions?

November 3, 2024admin

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...

What fees are associated with my account?

November 2, 2024admin

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...