Prominence Bank

How quickly can I get an SKR once I initiate the process?

From the point when the asset is in our custody and all agreements are signed, it takes only a few days to issue the SKR. The major time factors are opening the account and moving the asset. Opening the custody account is guaranteed within 72 business hours after KYC and fee payment (about 3 business days) – similar to any new account . Once that’s done, the asset delivery and verification can vary: physical delivery depends on distance and logistics (could be a few days or a week or more for large shipments), and appraisal might add a little time. But after the asset is received and verified, we typically issue the SKR within 1–2 business days. In many cases, the entire process from application to SKR in hand is about one week . We know timing can be critical if you’re using the SKR to get a loan, so we strive to move quickly. Just make sure to coordinate with us on scheduling the asset transfer as soon as the account is ready.

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