Proof of Funds
Proof of Funds (POF) – a financial instrument confirming that the customer or the company has the ability and declared funds at their disposal to fulfill his obligations under the transaction. This financial instrument is also evidence that the funds required for the transaction are available and obtained legally.
Proof of Funds used to sign contracts with banks and/or large companies.
Proof of Funds - no credit and these funds cannot be transferred and/or used as working capital.
Proof of Funds can in some cases be borrowed or leased, which is where a client pays a fee for funds to be deposited into their personal or corporate bank account, but this funds is limited by the bank as the client is not permitted to withdraw funds or complete transactions with this funds.
Draft of the Proof of Funds