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Prominence Bank

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...

Can I receive funds in my account via KTT Telex and make payments via SWIFT or SEPA to any bank in the world?

November 2, 2024admin

Absolutely! Prominence Bank offers a comprehensive and versatile banking experience. You can seamlessly receive funds through KTT Telex, a reliable and efficient method for transferring large sums of money. Once the funds are in your account, you have the flexibility to make payments to any bank globally using wire transfers via IBAN or SWIFT. This...

Does Prominence Bank have any country restrictions for transactions, such as with the USA or Europe?

November 2, 2024admin

We are pleased to inform you that Prominence Bank’s services are available worldwide, with no country restrictions. This allows us to serve clients across various regions, including the USA and Europe, without limitations.

Does Prominence Bank accept KTT Telex transactions?

November 2, 2024admin

Yes, Prominence Bank accepts all types of KTT transactions. We provide comprehensive KTT services to all account holders. You do not need to be concerned about whether the originating system is analog or digital. If you wish to received a funds transfer or communicate with another bank via the KTT system, simply provide the necessary...

Can I receive different currencies into my Prominence Bank Account?

November 2, 2024admin

Yes, you can receive different currencies into your Prominence Bank account. However, please note that exchange and conversion rates may apply to your account. For example, the KTT conversion rate incurs a fee of 0.4%. While it is possible to receive funds in different currencies, we recommend using your account’s designated currency to avoid these...