Proof of Funds (POF): Definition, What Qualifies, and How to Get

Proof of funds (POF) refers to a document or documents that demonstrate a person or entity has the ability and funds available for a specific transaction. Proof of funds usually comes in the form of a bank, security, or custody statement. The purpose of the proof of funds document is to ensure that the funds needed to execute the transaction fully are accessible and legitimate.

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JULIA KAGAN Full Bio

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.