Does Prominence Bank offer GPI?
Yes, where supported. International transfers may be processed with GPI depending on corridor and participating banks.
Prominence Bank
What is a KTT Telex Account?
A KTT Telex Account at Prominence Bank is a standard personal or business bank account that is automatically enabled to receive and process Key-Tested Telex
Once a KTT transaction is credited to my account, how can I send or withdraw the balance?
After your KTT transaction is credited and verified, the balance becomes part of your regular account holdings. You can send
Are there minimum balance requirements or withdrawal limitations?
Yes. Withdrawals are only permitted when the account balance remains above the required minimum thresholds: €5,000 for personal accounts and €10,000 for business
Can I withdraw the minimum balance from my account?
No. The minimum balance required in your account is non-transferable and non-withdrawable under any circumstances. This mandatory balance must be
What determines if my account can receive funds via KTT (Key Tested Telex)?
All Prominence Bank accounts—whether standard savings accounts or numbered accounts—are 100% equipped and prepared to receive all types of KTT
If my application is not approved, will I lose the application fee?
No. While the application fee is listed as non-refundable, it is important to note that Prominence Bank maintains a 100%
Can I designate a beneficiary or successor for my account?
No. While estate instructions may be reviewed upon official notice, no beneficiary or successor can be registered on an active
Is joint account ownership available at Prominence Bank?
No. Prominence Bank does not offer joint account services. Each account is registered to a single holder.