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Proof of Funds

(Cash Account)

Proof of Funds is the proof of sufficient funds in a bank or brokerage escrow account in your name or your business name. The funds are blocked so you cannot spend the funds.  Many manufactures will not ship large bulk or cargo and freight loads containing their products unless you provide Proof of Funds to prove that you can pay for the merchandise when it arrives. You, as the importer, use the client's money to pay for the merchandise just like a toy store would pay for a truckload of toys upon arrival. POFs are used extensively in importing products such as gold, silver, oil, and for purchasing real estate including bulk REOs.

 

 

 

Bank Account POF funds in a top 25 domestic bank if it is less than $99 Million USD and top 25 off-shore bank if the transaction requires $100M USD or more. 

 

Funds are verifiable by:

 

 

  • Standard Account 

 

  • SWIFT MT799 Format

 

  • SWIFT MT760 Format (additional fee may be required)

 

 

**All accounts are CASH backed. Accounts are verified on a bank to bank basis ONLY. Clients CANNOT withdraw or encumber funds. Funds are NOT lienable or callable.

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