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.
How do I verify my source of funds?
Step 1. Provide information on your source of income/wealth.
Let us know how you've accumulated your wealth over your lifetime. Possible sources include Employment, Self-employment, Property rental income, Investments, Pension, Inheritance, Loan, Family or spousal support.
Step 2. Provide information on the source of funds for your pending transaction.
We accept many different sources of funds, with the main requirement being that you own the funds, and that they come from legitimate and legal activities. Here are some examples: Savings, Employment, Self-employment, Pension, Property sale / rental income, Investments, Other (alimony, welfare payments)
Step 3. Provide information on the document you would like to submit as the source of funds for your pending transaction.
Each source of funds will require different types of evidence, and you will be asked about them during the process.
Digital Asset Exchange Statement
Step 4. Gather the documents you would like to submit.
These documents must include the funds you would like to use to cover your recent transactions.
Step 5. Prepare an email to the Ramp team.
Write a message to the team with the subject line: "Ramp Account - Source of Funds documents".
In the email, please specify what is your main source of income and what documents you are attaching.
Example: My main source of income is Self-employment. As my source of funds document, I am attaching my bank statements.
Step 6. Attach your bank statements to the email.
Step 7. Send your email to firstname.lastname@example.org.
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.