Krankz Wireless Bluetooth Headphones

Friday, July 20, 2012

What purpose does a proof of funds fulfill?

By definition, a proof of funds, commonly called a POF, is a document that shows that an individual or company has the ability and money available to use for a financial transaction.

The form it usually comes in is a custody, security or bank statement.

A proof of funds ensures that the money required for a transaction is obtainable, and of course, legitimate.