Proof of Funds

Product Description

Highlights: - POF can be seasoned up to 5 years - All accounts are **0% cash backed - Top 5 U.S Banks - Accounts can be verified verbally, in writing, electronically, fax - Swift MT **0 / **9 (Option available only at our Western European Banks) - Funds in an account under your name & signature - Block / Reserve Funds Letter - Available Funds Letter - Dual private banker signatures - Tear Sheet - Account Statement - Bank Comfort Letter Uses: - Net Worth Requirements - Liquidity Requirements - Show of Down payment - Blocked funds for investments ( Private Placement Programs) - Bond Requirements - Cash Collateral *Pricing* VOD / POF Amount Fee Term $**0 - $1M $*0, **0 *0 days $2M - $5M $*5, **0 *0 days $6M - $8M $*0, **0 *0 days $9M - $*0M $*5, **0 *0 days $*1M - $*5M $*0, **0 *0 days $*6M - $*0M $**5, **0 *0 days $*1M - $*3M $**5, **0 *0 days $*5M - $*0M $**0, **0 *0 days $*1M - $*3M $**5, **0 *0 days $*4M - $*7M $**0, **0 *0 days $*8M - $*0M $**5, **0 *0 days $*1M - $*4M $**5, **0 *0 days $*5M - $*0M $**5, **0 *0 days $*0M - $*5M $**5, **0 *0 days $*6M - $**0M $**5, **0 *0 days $**1M - $**0M $**0, **0 *0 days $**1M - $**0M $**5, **0 *0 days $**1M - $**0M $1, **0, **0 *0 days $**1M - $1B $1, **5, **0 *0 days Procedures: -Fill out the application and sign it and send back with supporting documentation (ID “color”, Articles of Incorporation or a good standing statement for corporate accounts, bank statements showing proof of placement fee). -Email a detailed list of items and documents your service will require any specific language in a BCL, available funds letter, Reserved Funds Letter, etc will need to be submitted prior for approval. -We prepare the service and escrow agreement and send it to you within *4/hrs of receiving the application. -Once the agreements have been signed off and countersigned you are to place monies in escrow with the escrow company as directed. -Once the placement fee has been confirmed in escrow it takes about 7 to *0 days or sooner to set up the account. -Banker will issue the account letter to the client and client has *4 hrs to verify the account by calling the banker to confirm the account is set up and as represented. -Once the verification has been completed, the client must allow the escrow agent to release monies immediately. -The service is open *0 calendar days from the time fees are released. Renewals are completed by funding escrow within 5 days of the service expiring.