Proof of funds | SILENTDATA

Proof of funds

Check in advance that a party has the ability to pay

Ask individuals and businesses to prove that they have the required funds available in their bank account by proving that their bank balance is above a specified amount.

Ensuring that your customers have the required funds to hand will reduce the chances of default on payments. During these challenging times of COVID-19 the rate of payment defaults is higher than usual, and businesses must do everything to guard their cashflow and not expose themselves to undue risk.

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Proof of funds

Minimum account balance of £2,500

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Account holder

Rita Mount

Timestamp

10/05/21, 14:34:08 GMT

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Key features

Reduces the risk of non-payment by clients

Based on a real-time check of their bank account with their explicit permission

State of the art security ensures data privacy and confidentiality

Who is using it?

Interested in our service?

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It’s free to try and only takes five minutes