Proof Of Funds Documents
PROOF OF FUNDS DOCUMENTS
Proof of Funds (POF) is a letter or documentation that certifies that an individual, institution, or a corporation has sufficient funds to complete a transaction. A POF is typically issued by a commercial bank to provide confidence or assurance to another party, typically a seller that the individual or entity in question, typically a buyer has sufficient funds to complete an agreed-upon purchase.
Proof of funds refers to a document that assures that an individual, institution or a corporation has the right amount of funds for the transaction. The aim of the proof of funds document is to guarantee that the funds required to complete the transaction entirely, are available and genuine.
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