1. Bank Comfort Letter (BCL)

• A BCL is a formal letter issued by a bank that verifies the buyer’s financial capability. It confirms that the buyer has sufficient funds to complete the transaction.
• It is signed by a bank officer, making it a secure and verifiable document.
• In any case, for proper verification the letter should be authenticated, and sent by email from the bank’s offical verifiable email address, or direct communication with the issuing bank via an official verifiable bank telephone number should be allowed for verification purposes.

2. Video or Video Call

• This is the simplest and quickest way to provide POF.
• Verifiable proof of funds (POF) can be provided to the seller in the form a video (or a live call with the seller) showing the online bank account where the funds are held.
• In this verification method, the potential buyer logs into the account and shows the funds and account name to the seller, or makes a video of that process, including (1) the account name; (2) the balance; and (3) showing the seller clicking through a link or two.

3. Verified Bank Statement

• Recent bank statements showing the availability of funds can be provided, though the buyer may redact sensitive information.
• These statements must be authenticated directly by the bank to ensure they are legitimate.
• In any case, for proper verification the letter should be authenticated, and sent by email from the bank’s offical verifiable email address, or direct communication with the issuing bank via an official verifiable bank telephone number should be allowed for verification purposes.