Proof of funds

We provide proof of funds (POF) documents for our clients to help them demonstrate to a business partner or seller of goods that they have the financial capacity and funds required to pay for a transaction. We may make this available either as a security statement, a custody statement or as a bank statement. So whenever you need to provide proof to partners that you indeed have the funds required to facilitate a transaction, getting a proof of funds will assure the seller that you have legitimate access to the funds.

Proof of funds for immigration – This document may also be required for immigration purposes to show the country you intend on settling in or traveling to that you have the right amount of funds to support yourself and your family while you reside in their country. They are usually attached to visa applications. The money your proof of funds shows you have available must be yours that is, it must not be borrowed and you should have unlimited access to it so you are able to pay for living expenses. We make a verifiable account in your name with the required funds in them that shows you can indeed access these funds. This kind of proof of payment will typically contain your name, a list of all your debts, credit card balances, account numbers, loans and obligations. It will also contain the current balances on each account and your average account balances for the past six months. It will be printed on an official letterhead and contain banks contact information.

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Proof of funds for home purchase – this kind of proof of funds assures the seller of a house or piece of property that you have the money required to purchase a house. The seller will often hold on to the proof of funds document as they wait for the transaction to close and complete payment for the transaction. We provide proof of funds for home payments so the seller can be certain you are able to complete payments and finalize the transaction. This way they do not lose out by taking the property off the market and facing setbacks when clients do not close on the purchase and you get to buy yourself some time on a transaction.

Proof of funds letter – this kind of proof of funds is required by a bank and is used to verify that you do have the funds you claim to have. A proof of funds letter includes an official bank statement, name and address of the bank, a copy of the balance and money market statements, the total balance of money in your savings and checking account, a certified financial statement, a copy of your banking statement and an authorized signature from a bank employee. This can help you verify that you have easily obtainable funds and give your financial standing a leg up or give you more time to process a transaction. Proof of funds are also sometimes referred to as “leased funds”

Fill out the application form and send it to us: info@metro-bancorp.com

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