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Source of Funds: Accepted Documentation
Source of Funds: Accepted Documentation
Updated over a month ago

Sherbet's compliance team, in its role to ensure the security and integrity of our platform, may request your documentation at any time for verification purposes.

Accepted Source of Funds Documentation:

  • Bank Statements: Must include the customer’s full name, account number, and the bank’s name and address. Should display regular deposits and withdrawals over a period of 3–6 months.

  • Paychecks: Must show the employee's name, employer's name, address, and gross pay. Should cover the same period as the deposits shown on the bank statement (e.g., if a $1,000 deposit appears on March 15, a pay stub from March reflecting that amount is required).

  • Tax Returns: Must display the taxpayer’s name, social security number, and adjusted gross income. Should indicate a history of stable or increasing income.

  • Investment Statements: Must include the customer’s full name, account number, and the brokerage firm’s name and address. Should detail the value of the investments and any dividends or interest earned.

  • Gifts: Requires a written statement from the donor, including the gift amount, date, and the relationship between donor and recipient.

  • Inheritance: Must provide a copy of the will or trust document, along with the death certificate.

  • Real Estate: Requires a copy of the deed or title and a recent property tax bill.

  • Business Income: Must include copies of business licenses, tax returns, and financial statements.

  • Lottery Winnings: Must provide a receipt of winnings and a bank statement reflecting the source of the deposited funds.

  • Company Sales: Requires a letter detailing the company sale, signed by a licensed solicitor or regulated accountant on official letterhead.

  • Divorce Settlements: Must include the divorce settlement agreement and a bank statement clearly showing receipt of funds.

  • Loans: Must provide an executed copy of the loan agreement and a bank statement showing the funds received and the current balance.

  • Cryptocurrency Mining: Requires a ledger of the cryptocurrency mined, along with the wallet address and transaction hash where the mined cryptocurrency was delivered.

Documentation Requirements:

  • We will only accept an original photograph or PDF of the documents. Screenshots are not allowed.

  • All documents must have been issued within the last three months.

  • The document must be written in a Latin-based international format.

  • Your full name and address must be visible.

  • The name of the issuing entity and the date of issue must be displayed.

  • The entire document should be visible in the image, with no parts cropped or obscured.

  • The images must be in color and high resolution.

  • The document details should be easy to read without flash reflections or blurring.

  • The document must be free from physical damage.

  • The entire document is shown in a flat, unobstructed view.

  • Digital or electronically generated versions of the documents will not be accepted.

Should you need any further help or clarification, feel free to contact our 24/7 customer support team.

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