The Kingdom Bank
Kingdom Bank
The Kingdom Bank is an offshore EMI with global availability, support for both crypto and fiat and a dedicated account manager. It is, however, weighed down by the absence of a clearly declared license, high fees, a lengthy KYC and no verifiable Trustpilot reviews: an offshore profile without verifiable oversight and high risk.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | dedicato · DM |
| Multi-currency | Yes · 80 currencies |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | Yes |
| Interest on balance | 0% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, APAC, LATAM, MENA, AFRICA · 100+ countries |
| Regulator | Financial Services Unit, Ministry of Finance of Dominica |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | International Banking License Licenza bancaria internazionale offshore rilasciata dalla Financial Services Unit di Dominica (International Banking Act), con Digital Assets license per le crypto; nessuno schema di garanzia depositi |
Plans & pricing
Strengths
- Global availability; crypto+fiat support; dedicated account manager.
- No notable sovereignty advantage documented.
Weaknesses
- ⚠️ Offshore-only license (Dominica), no deposit guarantee; high fees; lengthy KYC; no verifiable Trustpilot.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Licenza bancaria internazionale offshore rilasciata dalla Financial Services Unit di Dominica (International Banking Act), con Digital Assets license per le crypto; nessuno schema di garanzia depositi): reporting to authorities and freezes on order.
Verdict
The low score follows naturally from the absence of a clearly declared, verifiable licence: the only reference is Dominica's Financial Services Unit at the Ministry of Finance, with no deposit-guarantee scheme. Add high fees, a lengthy KYC and no verifiable Trustpilot reviews, and for a general user it's a high-risk profile.
High privacy and global availability with both crypto and fiat support may appeal to those seeking less regulatory friction. But the absence of verifiable oversight cuts both ways: fewer formal constraints, yet no assurance the custodian actually holds the funds, in an account that remains fully custodial.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is The Kingdom Bank a real bank?
The Kingdom Bank is a digital financial service. The deposit-protection scheme is not documented for this service; check the official terms.
Can I send transfers to third-party IBANs with The Kingdom Bank?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does The Kingdom Bank support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does The Kingdom Bank support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from The Kingdom Bank?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · Founders · Restrizioni geo residenza Data verified on Jul 18, 2026
- scribd.com Data verified on Jun 15, 2026
- sumsub.com Founders · On-chain crypto withdrawals Data verified on Jun 14, 2026
- trustpilot.com Trustpilot reviews · Past incidents Data verified on Jun 14, 2026