Many deals are prepared at risk, and parties may not actually have the funds available required to complete. This can cause pain and frustration to clients, and is increasingly an issue during these uncertain times as a result of COVID-19. Introduce certainty into your deals by requesting electronic proof of available funds.
Proof of funds
Minimum account balance of £2,500
03/03/21, 11:34:47 GMT
Check in advance that a party has the ability to pay
I'd like to provide a better service to my clients by reducing the risk of their deals falling through.
Scottie Parris, Lawyer
I've seen numerous deals fail when a counterparty was unable to make the expected payment.