Proof of Fund

by GRWADE26 Uncategorized

POF via Bank

  • Proof of Funds will be for 30 days, unless otherwise negotiated for longer terms.
  • This will be structured as a Joint Venture with the owner of the funds. The joint account will be in both parties’ names at Santander Bank
  • Because it’s a JV structure, Account can be easily verified by Phone, Email or Live Zoom Call with the Bank Officer.
  • A Bank Comfort Letter (BCL) or Bank Statement will be provided as well as proof of your capability to engage your transaction.
  • The account can be Blocked or held by Administrative Hold.

POF via Attorney Escrow

  • Proof of Funds can be set up for 30 days and longer.
  • This can be verified via attorney.
  • A letter from the attorney attesting to funds or bank statement can be provided.
  • Funds will be held via an attorney IOLTA account
  • Max amount is $300 Million.

POF via Crypto wallet

  • We can provide a wallet address and can go from $1m to $350m
  • We can show control from wallet A to B
  • We can provide a handshake or receive one to show control of wallet
  • We will not offer account access, or account information.

Procedure:

1. Client is provided with a quote regarding Service Fee for account

set up.

2. Client submits POF Application and proof of capability to pay

service fee.

3. Client is provided with Service Contract for their review and

execution.

4. Within 1 Business Day of contract execution, client will wire

service fee to designated Escrow attorney or Paymaster.

5. Within 48 hours of Escrow Deposit, Provider will deliver POF

documents/wallet and/or Bank Officer contact information to Client.

6. Client communicates with Bank and verifies account.

7. Upon successful verification, Client instructs Escrow Attorney to

release service fees to Provider. PAYMENT ONLY OCCURS AFTER ACCOUNT IS

ESTABLISHED AND VERIFIED BY CLIENT (NO UP-FRONT FEES).

Service Fee: 1-10% depending on amount requested.