Where can I find my KTT and wire transfer instructions?
All account-specific transfer details are available exclusively inside your Internet Banking portal under the “Fund Account” section. For security reasons, Prominence Bank […]
Banking Fees
How should clients refer to a KTT credit?
Clients must refer to “crediting the KTT transaction.” Prominence Bank does not pre-determine or classify the nature of the remittance
Will Prominence Bank send preliminary interbank messages (e.g., MT-199, MT-799, MT-999)?
Prominence Bank does not require or issue preliminary messages for incoming KTT transactions. If your remitting institution specifically requests an
What happens if my account does not have enough funds for the 1.5% KTT fee?
If a KTT transaction is received and your account lacks the required balance to cover the 1.5% banking fee, the
What banking fee applies to received KTT transactions?
A 1.5% banking fee applies to all received KTT transactions. This fee is deducted automatically after receipt of the KTT — no upfront payment
Do I need to provide a specific DOA or KTT template?
No. Prominence Bank does not issue or require a specific DOA (document of authorization) or message template. Your remitting bank
Does Prominence Bank accept KTT transactions from any remitting bank?
Yes. Prominence Bank accepts all KTT transactions regardless of the format or verbiage, provided they are transmitted through standard international
Are there fees associated with wire transfers and international payments?
Yes. Outgoing international wire transfers usually have a fee, typically around 1% plus SWIFT costs. Incoming KTT transactions incur a
What fees are associated with KTT Telex transactions, and what should I know before initiating one?
All KTT Telex transactions are subject to a 1.5% fee on the face value received. This applies to all transaction
Upfront Fee vs. Available Balance or Having sufficient funds in your account.
Upfront Fee vs. Available Balance Upfront Fee An upfront fee is a one-time charge required by a bank or financial