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Thursday, July 5, 2012

So, what is a Proof of Funds

A POF (proof of funds) is a document that shows that an individual or some other entity like a corporation or LLC has the ability and money available to use for a particular transaction.

The Proof of Funds normally comes in the form of a bank, custody or security statement. The purpose of the POF is to ensure that the funds required for the transaction are obtainable and legitimate.

The process to obtain a Proof of Funds starts with a request for an intake form. Normally, the top portion is where the client's information is listed, and the bottom portion is where intermediaries or brokers list their information so they can earn their fee. The last line is usually where somebody indicates what the client wants ( proof of funds, BG. SBLC, letter of credit, verification of deposit ), the amount, whether they want it in USD or Euros and for what length of time. Once the provider obtains this information, a quote can be provided and not before.

To see what an actual intake form looks like, just contact the folks at

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