How do I verify my source of funds (SoF)?

To meet our regulatory requirements, we may need to collect information about the source of your income and funds. Here's how it works.

Updated over a week ago

When do I need to verify my source of funds?

In certain instances, we’re required by regulations to ask you to provide information on your source of income and for documents that prove the source of the funds you’re using for a transaction. This is crucial to make sure all funds handled by Ramp come from a legitimate source.

What documents are accepted?

Evidence

Requirements/Supporting docs

Bank statements

  • Covering the three (3) most recent months

Payslips

  • Three (3) most recent payslips

Tax returns

  • Must correspond to the latest tax period

Digital Asset Exchange Statement

  • Covering the three (3) most recent months

Property sales

  • Property sales agreement, AND

  • Bank statement showing the credited funds to your account.

Investment/brokerage statements

  • Covering the three (3) most recent months

Loan

  • Copy of the loan agreement, AND

  • Bank statement showing the credited funds to your account.

Inheritance

  • Copy of the will, grant of probate, trust deed, or a letter from the solicitor, AND

  • Bank statement showing the credited funds to your account.

Company ownership

  • Articles of Incorporation or Ownership Certificate, AND

  • Proof of company profitability, OR

  • Proof of income received from the company

In order for the documents to be accepted as evidence, any documents you provide MUST:

  • Show your full name, the issuer’s name, and the date of issuance;

  • Be written in either the Latin or Cyrillic alphabet;

  • Be clearly readable and shown in full (no parts of the document should be covered or folded);

  • Be shared in PDF or high-quality image (e.g., JPG or PNG) format;

  • NOT be a screenshot (screenshots are NOT accepted).

Bear in mind that we must manually review your documents, and this process can take up to ten business days.

What happens if I don’t provide evidence for the source of my funds?

If you can’t provide the required documentation showing the source of your funds, your transaction will be cancelled.

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