Proof of Funds
Proof of Funds (POF)
At HTP , we understand that having the financial ability to perform a transaction is a crucial part of any business deal. That’s why we offer our
clients a reliable and efficient Proof of Funds (POF) product.
01
How It Works
Our POF product is designed to help you document that you have the financial ability to perform a transaction. We set up a POF account with a top-tier domestic bank, Santander Bank, and create a Bank Comfort Letter (BCL) for you. The BCL shows the availability of the funds in the account to be utilized only as proof of funds to complete your transaction. The funds cannot be drawn out of the account or utilized in any matter other than proof of funds.
Additionally, we send an Authorization to Verify (ATV) to the receiving party. At this time, the receiving party can be introduced to the banker who confirms and verifies the amount of money in the account. We even offer live zoom login to the bank account to ensure a smooth verification process while adhering to AML and KYC regulations.
03
Partner with us.
Our POF account is created with you as our partner, investor, or as a Joint Venture (JV). By working with TRUSS, you can ensure that your transaction is completed smoothly and with the confidence of knowing that you have the financial ability to perform the transaction.
Contact us today to learn more about our Proof of Funds product and how we can help you document your financial ability to perform a transaction.
04
The process.
1. Clients’ information provided to Truss
– Clients Name
– Company Name
– Company Address
– Point of Contact: Name,
Email, Phone Number,
Position in Company
– Confirmation of dollar
amount required for POF
account.
2. Engagement Fee: $2,000 to $10,000 nonrefundable deposit engages the creation of the escrow account and documents.
3. Clients Proof of Funds: Proof of funds to be provided by client to confirm the required dollar amount to fill escrow is currently available.
4. Escrow is reviewed, agreed upon and funded at which time 100% of the remaining balance is to be provided into the escrow account.
5. Once escrow is funded it takes 24-48 hours to complete and activate POF account along with all available services listed above.
6. Once the BCL is created and released to client the funds from the escrow account are pulled.
7. Client can call on ATV.
8. This POF account will remain active for “X” calendar days from start date.
