Thirdfort Source Of Funds
Verifying Source of Funds with Thirdfort
Thirdfort Source of Funds can be broken down into five key parts:
1. Open Banking
Using Government-backed Open Banking technology, clients can automatically share 6 months of bank statements with you.
Our easy-to-read report highlights the top 20 incoming and out going transactions from the past year.
Advantages of Open Banking
- Fast – no waiting for paper statements from clients. Get the information you need in seconds.
- Simple – easy for clients to use and for you to interpret.
- Secure – remove the risk of statement tampering or interception by email or post.
2. Manual bank statement upload
As an alternative to Open Banking, clients can upload their statements as PDFs or images. Intuitive, client friendly and perfect for clients who don’t bank online.
3. Source of Funds questionnaire
Our in-app questionnaire helps you gather purchase funds information to comply with AML regulations. The user-friendly form lets clients know exactly what information you need in a non-intrusive way.
No more chasing clients for information. Get everything you need in one place.
4. Giftor Source of Funds
Just like client source of funds, but tailored to giftors. Helping you verify gifts faster and saving you the hassle of checks on
multiple parties.
5. Additional document upload
Do you require additional verification from your client, for example, mortgage certification or further proof of address? Simply request that they upload it via our Additional Document Upload feature.
