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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.

    • Simultaneous and linked initiation means you can launch checks on up to four co-purchasers at once and define when a giftor check should be linked to an existing check.

    • Linked reports mean when you're reviewing results you can see and navigate directly to all related co-purchaser and giftor checks.

    • 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

    • Trends and key transactions at your fingertips, giving you the full financial picture without the legwork.

    • Request exactly how much bank statement history you need, get 3, 6 or 12 months depending on the matter.

    • 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 read-only statements. The timeframe of transactions collected depends on your selected settings.

    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, 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. Giftor checks can be linked directly to the original check within the platform, making navigation and gaining a holistic view of your client's gifted funds easy.

    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.

    With Thirdfort, giftor verification results can be directly linked to the purchasers verification results, giving you immediate oversight of your client's declared gift, their giftor's details and the ability to initiate giftor checks without double data entry.

    When initiating a check on a giftor, you can select "Link to existing" and use the search function to identify the relevant original check. This will link the giftor and purchaser checks.

    When reviewing results, if a client has declared a gift as part of their source of funds, you'll see the details of the declared giftor in the right hand panel and at the top of the check details page. Selecting the giftor's name in the platform will link you to a pre-filled check initiation page, where you can simply select the check type you'd like to initiate and create a new verification.

    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 PDF or individual photos of each page.

    Your clients can share statements from as many accounts as required.

    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.

    When initiating an identity or source of funds verification on a purchaser, you can simultaneously initiate checks on up to four co-purchasers involved in the transaction. This is done by selecting the number of co-purchasers involved and entering their details at check initiation.

    When reviewing results in the Thirdfort platform, any checks initiated together will be linked in the platform and declared within the PDF report, so you can easily navigate between all related verifications and understand the full picture.

    Solve the source of funds puzzle

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