Are you seeking Proof of Funds to enter a "Trading Program"?

Typically, you would pay a fee to a PoF Provider to have them place funds in a bank account in your name. A signed statement from the bank would be issued evidencing the funds  and this would be verified/authenticated on a "bank to bank" basis (PoF Provider's Bank to "Trader's" bank).

It is our experience that at some point in the process of "getting into trade" most "Traders" will direct you to transfer the funds into their bank account. No provider of Proof of Funds is going to transfer funds to a third party.

Or, more deceptively, you may be told that your funds do not need be moved but that you need only send a SWIFT MT760 to the "Trader's" bank to block the funds that you have proved.

Be aware that if the "Trader's" efforts on your behalf are unsuccessful, the MT760  would be effected by the bank (regardless of what you have been told - it is not up to the "Trader") and the "blocked funds" will be transferred to the "Trader's" bank account.   No provider of Proof of Funds is going to allow the funds out of their control - which would be the case if they were subject to an MT760.

"Blocked" Funds
An MT760 cannot be used to "reserve funds for your exclusive use" (sometimes erroneously referred to as "blocked funds"). More Information.

SWIFT MT760s
A bank responsible transmission used to transfer a bank guarantee. More information.

We do not issue Proof of Funds to persons seeking to enter into a "Trading Program". Trade Programs MUST have either cash and or cash equivalent placed under the trader’s control - not just "proof of funds" but actual funds.

“Pinging” an account is an invitation for a bank to close your account.

Proof of Funds for Real Estate

Bonds on Euroclear

RETURN

© 2011 All Rights Reserved