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Source of funds

Source of funds, sorted.

Ditch the highlighter. Banking data collected, funds breakdown gathered, risks flagged. One report that gives your team the full picture and the confidence to act.

Join over 1,500 regulated businesses relying on us for intelligent client due diligence.

    How it works

    Step 1

    Choose Source of Funds verification through our portal or partner platform.

    Step 2

    Your client will receive an SMS with instructions to download our app.

    Step 3

    Next, they’ll complete a questionnaire, securely share bank statements via open banking, PDF or image upload and provide supporting evidence.

    Step 4

    Once they’re finished, you'll receive report that highlights what's important, where the data correlates and where it doesn't.

    [The] Source of Funds report and Open Banking helps to quickly gather and interpret information about our clients and to spot anything suspicious or requiring more attention.

    JCP Solicitors

    If the app was not as smooth and as slick as it is, a fake bank statement may have slipped through the net.

    Thomas Flavell & Sons Solicitors

    Analyse client’s bank statements no matter how they’re shared

    • Clients have the option to share their bank accounts simply and securely in a few clicks via open banking, image or PDF upload.

    • Open banking provides reassurance that statements are genuine and free from interception, with our PDF and image upload options giving the flexibility your clients need.

    Every detail captured

    • Clients provide a full breakdown of their purchase funds directly in the app. Mortgage, gift, savings, inheritance, sale of assets and more.

    • Questionnaire responses are cross-referenced against bank statement data, highlighting where the numbers match up and where they don't.

    • Our dedicated giftor questionnaire handles monetary gifts separately, so you get a clear picture of third-party contributions without the extra admin.

    No more back and forth

    • If clients declare mortgage, inheritance, sale of assets, divorce or savings they'll be automatically prompted to upload supporting evidence, directly within the app. One easy journey for your clients, one simple report for your team.

    • Need more? Additional documentation can be requested and securely uploaded within the Thirdfort app at any point.

    Red flags and warnings highlighted

    • Red flags within your client's funds are highlighted the moment the report is ready, giving you immediate visibility on areas that need further review.

    • Funds from high-risk third countries, cash deposit patterns, savings mismatches and gift declarations are all flagged clearly. No more hunting through transactions to find what matters.

    • Transaction trends identified, helping you spot patterns that a manual review might miss.

    Every account, accounted for

    • Six months of trends and key transactions at your fingertips, giving you the full financial picture without the legwork.

    • Salary, gifts and other notable transactions collated and summarised, making review straightforward.

    • Large, recurring, cash and other high-risk transactions and trends highlighted. Hours of work in seconds.

    • Every transaction, every piece of evidence. Original documents included in full. Complete visibility, with you in control.

    FAQs

    Open banking is built into our Source of funds app, allowing clients to securely share their bank statements. They authenticate through their own bank's app or website, and Thirdfort retrieves a read-only six-month statement.

    If open banking isn't an option (international accounts, ISAs or if the client is unable to use it), they can upload PDFs or photos of their statements instead.

    Each source of funds report includes key findings, covering specific categories: gifts declared, no mortgage being used, cryptocurrency, overseas funds, funds from high-risk third countries, savings mismatches and cash deposit patterns. It also identifies the top 10 recurring transactions (both incoming and outgoing) on every account, which helps surface patterns of smaller payments that might otherwise be missed.

    Every single transaction is recorded, and original documents are included in full for your own review.

    Thirdfort has a dedicated giftor questionnaire. The giftor confirms the funds are a genuine gift (non-repayable, with no expectation of residence or legal interest in the property), then provides the gift amount, recipients and the source of the gift funds.

    If those conditions aren't met, for example, if the contribution is repayable, that will be highlighted as a key finding in our reports. The system also looks across all shared bank statements for a transaction matching the declared gift value.

    Thirdfort uses the same level of encryption as major banks and is FCA-regulated. During open banking, authentication is managed directly by the client's bank. We never see or store login credentials.

    No. The system is flexible enough for different scenarios, whether a client is uploading a single six-month PDF or individual photos of each page.

    Yes. Clients can link to joint accounts via Open Banking, and uploaded statements from joint accounts are analysed in the same way as individual ones.

    Solve the source of funds puzzle

    Intelligent client due diligence that puts you and your clients first? We're ready when you are.