Does a KTT Telex move funds by itself?
No. KTT is messaging only. The actual movement of funds occurs through recognized settlement networks (such as SWIFT MT103/MT202 and correspondent banking). Funds are […]
International Transfers
How can I deposit or withdraw funds from Prominence Bank given it’s a digital bank with no branches?
All deposits and withdrawals are handled via electronic transfers. To deposit, you would typically send a SWIFT wire from another bank
Are numbered accounts and other privacy features at Prominence Bank compliant with regulations?
Yes – Prominence Bank operates under a sovereign diplomatic jurisdiction (ETMO) and is fully licensed (Foreign Jurisdiction License No. 05052025-A) . Privacy-focused accounts
What is a Numbered Bank Account, and what are its benefits?
A Numbered Bank Account is a special type of account that provides an extra layer of confidentiality. Instead of your name, the
What is the difference between a Business Banking account and a Corporate Banking account at Prominence Bank?
Business Banking accounts are tailored for small-to-medium enterprises and entrepreneurs, providing everyday multi-currency banking, 24/7 online access, and standard SWIFT wire
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
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