User identity and source of funds document need to be verified.

 

Depending on how much you want to send we might also need to check how you got the money for this transfer.

 

It’s a good idea to have your documents before you proceed with transaction. This will help to speed up the process.

 

What documents/information’s might I need?

 

  • Source of funds
  • Reason of transaction (Supporting documents for the reason) and Relation with beneficiary

 

  1. Source of Funds Documentation : TalkRemit Customer Portal

 

What do my documents need to show?

 

Your full name and the total amount (which should cover the amount you’re sending), and the date you received the money.

 

Depending on how you got the money, your documents might need to show some other information too. 


Here are some examples of documents that we might ask for, depending on where your money comes from. 


Property sale

If your money comes from selling a property, we might ask to see documents that show:

  • the date you received the money
  • the amount you received
  • signatures of the parties involved
  • the address of the property
  • a description of the property
  • the length of time you owned it for

Here are some examples of documents you could use:

  • part of the final sales contract signed by both parties
  • a letter from a solicitor, auditor or regulated accountant
  • bank statements showing you received the money
  • extracts from the property register
  • any other proof

 

Salary

If your money comes from your salary, we might ask to see documents that show:

  • Bank statement for last 3 months showing your full name and salary payments
  • your latest tax return report

 

 

Loan

If your money comes from a loan, we might ask to see documents that show:

  • the amount you borrowed
  • the date you received the money
  • the name of the lender
  • the address of the lender
  • the purpose of the loan

Here are some examples of documents you could use:

  • extracts from your loan agreement
  • 3 months of loan statements
  • bank statements showing you received the money
  • any other proof

 

 

Business revenue

If the money you’re sending comes from business revenue, we might ask to see documents that show:

  • your business name
  • transaction dates
  • transaction amounts
  • the senders
  • the recipients

Here are some examples of documents you could use:

  • business bank statements from the last 3 months
  • audited financial statements
  • any other proof

 

 

2-Reason of transaction and relation with beneficiary (Supporting documents may needed)

 

  • Information needs to be detailed, reasonable and realistic. Depending on amount and customer history may be asked the supporting documents for the reason and relation.

 

Example. If the reason of transaction is to buy Land/ House

 

Document – Agreement or Pre agreement for the purchasing of a property.