Proof of Funds Letter Template

How to Write a Proof of Funds Letter?

Here is how a bank representative should compose a Proof of Funds Letter:

1. Get in touch with the client and find out which accounts should be mentioned in the letter - it is possible that they need to show proof of funds from various accounts so clarify which financial details must be in the document. Alternatively, there might be details the client does not want to disclose to the third party - for instance, their debts from five years back, so your statement can only reflect the information they ask you to demonstrate.
2. Prepare this letter on a formal letterhead or add information about the financial institution and its logo if you are sending an email.
3. Date the document to show when it was issued - the third party may want to accept recent documentation or statements not older than 30 days to have accurate information about the client's finances.
4. Indicate the name and other identifying information of your client.
5. Draft a table that shows the financial operations and transactions made via the account or state the current balance - this depends on the request of the customer. It is possible to indicate blocked funds - confirm that a certain sum of money has been reserved for a future transaction and cannot be used for other purposes. You can also verify the existence of the deposit that has been saved for the same purpose.
6. Once the document is completed, you can give it to your client or, if they ask you for it, send it directly to the real estate owner, landlord, or realtor from your official email or via traditional mail that shows the document was issued by the financial institution.

How to Get a Proof of Funds Letter?

Whether you need a Real Estate Proof of Funds Letter or an official confirmation of your finances to enter a long-term lease, you need to request this document from the bank you have an account in. This is a quick and easy process - unless you have ongoing issues with your account or the money has been frozen, it will only take hours or days to obtain the information you need. Request the confirmation of the available funds and pay the necessary fee in case the financial institution demands it. Then, the representative of the bank will draft a letter for you in person or will spend more time to obtain information and send you an email or a traditional typed document to provide you with a needed verification.

Didn't find the template you're looking for? Take a look at the related templates below:

• Sample Proof of Funds Letter for Real Estate Purchase;
• Loan Payoff Letter;
• Pay for Delete Letter.