What does Source of Funds mean? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What does Source of Funds mean?

Asked by Banky team 2 months ago 2 views
Banky team Reviewed editorial answer

This means the source of a specific amount or transaction: salary, sale of property, loan, company profits… If the bank asks, provide a document linking the amount to its source, such as a contract, statement, or invoice.

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