Do Banks Still Accept KTT Transfers in 2025?

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.

KTT Transfer — SPV Setup & Pricing

Upon completing the request form, a $500 USD non-refundable processing fee is required to begin. This covers the initial KYC and compliance screening. If it's a transaction we can support, our team will review your submission and send a formal contract for your signature within 1-3 business days.

Our service delivers an end-to-end solution: SPV formation, a regulated receiving account, full KYC/AML onboarding, and treasury controls. You remain the sole signatory and have full control at every step.

Commercial Terms

Total Setup Fee: $62,500 USD
Payable in two installments:
• 50% ($31,250) upon contract signature.
• 50% ($31,250) upon successful transfer completion.
Commission: 5% of Transfer
Bank Reserve Hold: 20%
What the Setup Fee Covers: This fee funds all legal costs for SPV incorporation, intensive compliance and due diligence with our partner banks, and dedicated legal counsel and treasury support throughout your mandate.
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90-Day Money-Back Guarantee on Initial Setup Fee

A Note on Our Process

We receive a high volume of requests from around the world to clear KTT transfers. These mandates are both time and capital-intensive, requiring significant upfront resources. To ensure we can successfully deliver, we focus on clients who are prepared for proper institutional structuring. Therefore, we must respectfully state that we cannot begin any mandate without the required fees paid in advance. This policy allows us to dedicate the necessary resources to get your transaction across the finish line.

Frequently Asked Questions

What is your success rate?

Our success rate depends entirely on the legitimacy of the incoming transfer. When the sending bank or Non-Bank Financial Company (NBFC) has the collateral to back their KTT transmission, we guarantee that the funds will be 100% settled on our end. Our institutional structure is designed for success. Issues primarily arise when entities with insufficient financial backing attempt to emit what are effectively worthless KTTs. Our robust due diligence process is designed to identify and filter these cases early on, protecting all parties involved.

Who controls the SPV and its bank account?

You do. Once the SPV is registered, you are appointed sole director and account signatory. Financely cannot move funds without your written approval, ensuring complete control and transparent audit trails at every stage.

Which documents are required to begin onboarding?

We require company incorporation, passports and address proofs for ultimate beneficial owners, a concise source-of-funds statement, and the proposed transaction overview. Additional documentation may be requested by the receiving bank to finalise account opening.

How long does it take to open the receiving account?

After initial KYC approval, standard account opening averages 5–7 business days. We work directly with compliance teams to keep timelines predictable and minimise back-and-forth.

Can the same SPV receive multiple KTT transfers?

Yes. Your SPV can be reused for future transfers or traditional wire payments, subject to an annual compliance refresh and adherence to local regulatory limits.

When can funds be withdrawn or re-transferred?

Disbursement is authorised once the inbound KTT is fully cleared by the receiving bank’s AML desk and any mandatory cooling-off period has passed. Funds can then be wired globally via standard SWIFT instructions under your signature.

What jurisdictions and banks are available?

Financely maintains relationships with regulated banks in Asia, Europe, UAE, the Caribbean, LATAM, and Africa. Popular jurisdictions include Singapore, Luxembourg, Belize, BVI, Dubai IFC, Cayman, and Liechtenstein. Bank selection is matched to your transaction's size, currency, and compliance profile.

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Get Started With Us

Submit Your Deal & Receive a Proposal Within 1-3 Working Days

Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.


All submissions are promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.

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Request a Proposal / Submit a Deal

Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.

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Tap into solutions like letters of credit, bank guarantees, and payment facilitation. We address the challenge of global transaction risk through structured strategies that foster cross-border growth. Complete the form to unlock streamlined funding aligned with your commercial objectives.

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Access non-recourse funding for infrastructure, renewable energy, or other capital-intensive ventures. We mitigate capital constraints by isolating project assets and focusing on risk management. Provide your details to receive a structure that drives growth and maximizes returns.

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Secure financing for business or real estate acquisitions. We ease transaction hurdles by reviewing cash flow, synergy opportunities, and exit plans. Complete the form for a customized proposal that supports your strategic investment objectives.

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For Banks

Financely assists banks facing Basel III pressures by distributing trade finance deals and providing collateral for letters of credit. We reduce capital burdens while preserving client relationships and fostering service expansion. Submit your request to optimize your trade finance offerings.

Submit a Request

Once we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.

Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.

Still Have Questions? Schedule a Consultation

If you still have questions after visiting our FAQ and Procedure pages, we invite you to book a paid consultation for personalized guidance. A $250 USD fee applies per session.