Proof of Source of Funds: Acceptable Documentation

Updated over 9 months ago

Please note that Betsea's compliance team reserves the right to request any documentation at any given time.

The following documents are acceptable as proof of address:

• Bank Statements:

  • Must include the customer's name, account number, and bank's name and address. It must also show regular deposits and withdrawals over a period of time (usually 3-6 months).

• Paychecks:

  • Must include the employee's name, employer's name, address and gross pay. It must also cover a period of time that corresponds to the funds being deposited (e.g., if a bank statement shows a deposit of $1,000 on March 15, a pay stub from March for $1,000 would be required).

• Tax Returns:

  • Must include the taxpayer's name, social security number, and adjusted gross income. It must also show a history of consistent and increasing income.

• Investment Statements:

  • Must include the customer's name, account number, and brokerage firm's name and address. It must also show the value of the investments and any dividends or interest earned.

• Gifts:

  • Must include a written statement from the donor stating the amount of the gift, the date of the gift, and the relationship between the donor and the recipient.

• Inheritance:

  • Must include a copy of the will or trust document and a death certificate.

• Real Estate:

  • Must include a copy of the deed or title and a property tax bill.

• Business Income:

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

• Lottery Winnings:

  • Must include a receipt of winnings and documentation such as a bank statement showing the origin of the funds initially deposited.

• Company Sales:

  • Must include a letter detailing company sale signed by a licensed solicitor or regulated accountant on letter-headed paper.

• Divorce Settlements:

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

• Loans:

  • Must include an executed copy of the loan agreement and a bank statement showing the received funds along with the current balance.

• Mining:

  • Must include a ledger of the amount of cryptocurrency mined, as well as a wallet address and transaction hash to which the mined cryptocurrency was delivered.

Your documentation must comply to the following criteria:

• Submit an original photograph or PDF of the documents. Screenshots will not be accepted.

• All documents must have been issued within the last six months and should be in the Latin international format.

• Ensure your complete name and address are clearly visible.

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

• The entire document must be visible in the image.

Need Assistance? If you have any questions or need further clarifications, please do not hesitate to contact our customer support team. We are here to assist you with any inquiries you may have.