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Proof of funds

  • Updated

At Uphold, our primary goal is to create a secure and trustworthy platform for all our customers. One of the ways we achieve this is by occasionally requesting the origin of funds. This helps us verify the origin of your funds and the account you will be using for deposits, ensuring transparency and maintaining compliance with financial regulations.

If we ever require the origin of funds from you, we will notify you within the app, guiding you through the process step by step. To make this verification smooth and secure, we use Sendsafely for uploading relevant documents.

Based on your income source, we may ask you to provide one of the documents below:

Income Source

 

  • Salary
    • A recent payslip (within the last 3 months)
    • A bank statement (within the last 3 months)
    • Bonus notification and amount from your employer
    • Annuity statement
    • Annual tax return
  • Profits from owned business
    • A bank statement (within the last 3 months)
    • Most recent audited business financials
    • Latest tax filing
    • Letter from an accountant
  •  Loan
    • Loan agreement letter or contract
  •  Inheritance
    • Copy of will or estate documents (including value and beneficiaries)
    • Letter from a solicitor
    • Trust Deed
  •  Other
    • Lottery win - confirmation from awarding entity
    • Divorce Settlement - letter from a solicitor or court
    • Sale of assets -  If the funds come from the sale of assets like property or stocks, you can provide documents such as sales contracts or share certificates.
    • House sale - conveyancing paperwork or completion statement
    • Gift - written evidence of receipt
    • Pension statement

  • Bank accounts 
    • Bank statements should display your name, account number, and transactions related to the funds in question. Providing statements from the previous month can help us better understand your financial activity. We may ask you to provide a wider time frame of transactions in specific situations.
  • Crypto wallets
  • Debit cards
    • A copy of your most recent bank statements
  • Credit cards
    • A copy of your most recent credit card statement

Remember, Uphold is committed to protecting your information and privacy throughout this process. We appreciate your cooperation in helping us maintain a safe and secure community for all our users.

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