when providing a proof of funds document there is certain information that is required to be included the following are some of the most common pieces of information that will need to be disclosed on a proof of funds document 
if the funds you plan to use for the purchase are spread across multiple accounts you will need this information for all of them it may be easier to move all of your funds into one account therefore having to provide this information only once and making the total amount of funds available easier to follow it is possible to get a proof of funds document within a day or two from most banks once you have your proof of funds document in hand you want to ensure that it is secure at all times some con artists planning a financial scam may seek request a proof of funds letter to make sure that they are concentrating their efforts on someone with significant financial worth in addition it contains important financial information that should be safeguarded therefore it is important to make sure that you only give proof of funds to trusted individuals whom you have thoroughly investigated the requesting party will often stipulate the required components of the proof of funds documentation these requirements will often vary from one party to another uses of proof of funds documentationproof of funds documentation is commonly used in a wide range of financial transactions or business situations some of the more common situations may include but are not limited to you may often redact or hide sensitive non pertinent information being reported on a proof of fund document proof of funds vs proof of depositin commercial banking proof of deposit is the financial institution s verification that funds have been deposited into an account and where these deposits came from to do so the institution will compare the amount written on the check to the amount on the deposit slip when applying for a mortgage in addition to demonstrating proof of funds a buyer will have to demonstrate that funds in fact have been deposited into an account and demonstrate where they came from mortgage companies typically want to see where the deposits originate from whether they come from the borrower or they are gifts from other parties this helps determine if the borrower will be able to furnish the mortgage loan in addition to a proof of funds document and a proof of deposit a pre approval letter is required to give to the seller or the seller s agent when purchasing a home the pre approval letter will prove that you are able to obtain a mortgage to pay for the rest of the home purchase 