Source of funds explains where the money for a specific transaction or business relationship came from, such as operating revenue, investment, asset sale, or financing. A provider may request records that connect the funds to the business and the stated payment purpose.
Quick reference for Source of funds
| Check | What it means for the transaction |
|---|---|
| Category | Global B2B payment operations |
| Record to keep | Keep the instruction, party and account identifiers, validation result, timestamps, institution references and reconciliation outcome. |
| Do not infer | Initiation, processing, clearing and settlement are different events. One status should not be used as proof of another. |
Source of funds and nearby terms
- Funding account: A funding account is the account or approved source from which money is provided for a payment.
