Remitter Transactions Archives

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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,...

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.

What is my responsibility regarding KTT transactions sent to my account?

November 26, 2024admin

As the account holder, it is your responsibility to fully understand and manage the nature of the KTT transactions being sent to your account. If you provided KTT instructions to your remitter, you are accountable for the type of transaction being sent. Prominence Bank does not get involved in transactions initiated by you or your...