VERIFICATION OF DEPOSIT LETTER
When real estate purchases are involved in transactions, whether big or small, a verification of deposit letter is usually issued to show that the bank is capable of funding. This kind of document is usually pre-formatted by different banks so that the all the details of the account holder is already included. The document can also contain any comments or instructions from the banker.
As you can see, there are different types of proof of funds letters, depending on the circumstances for which they will be used.