Do Banks Still Accept KTT Transfers in 2025? For years, Key Tested Telex (KTT) was a trusted method for authenticated bank-to-bank communication. While most commercial banks have transitioned to SWIFT , some private banks, specialty financial firms, and select clearing institutions still process KTT transactions—mainly for legacy contracts, structured trade finance, and high-value capital placements . How Financely Facilitates KTT Transactions At Financely , we connect clients with banks that still process KTT transfers. Each transaction undergoes strict compliance checks , ensuring smooth execution. We also assist in setting up Special Purpose Vehicles (SPVs) to receive KTT transfers in multiple currencies , providing a compliant, structured , and secure solution. Why SPVs Matter for KTT Transfers Using an SPV instead of a third-party receiver ensures: Full control over incoming funds Regulatory compliance aligned with banking standards Reusability for future transactions Risk mitigation against fraud or mismanagement Industries Still Using KTT Transfers Private credit facilities requiring legacy authentication Letter of Credit issuance where KTT is preferred over SWIFT Structured trade finance with established banking relationships High-value asset placements needing additional authentication layers How Financely Supports KTT Transactions Bank selection : Direct access to institutions that still authenticate KTT SPV structuring : Legal frameworks for multi-currency transfers Compliance & due diligence : Full KYC, AML, and regulatory alignment Fund disbursement : Ensuring timely transaction settlement Get Started KTT transactions are rare, but the right connections make them possible. If you need access to banks that process KTT transfers or require an SPV for multi-currency transactions , contact Financely today.