At Altify, we take your account’s security seriously. To meet our regulatory obligations, we may sometimes ask for documents to verify how you accumulated your wealth over time (Source of Wealth) and where the money for a specific transaction came from (Source of Funds).
If we request this, it doesn't mean you’ve done anything wrong. These checks are standard practice and help us keep your account safe.
Please note that some features of your Altify account may be temporarily unavailable until the SoW or SoF request is completed.
ℹ️Note:
Keep an eye on your email inbox. If we require additional information from you, you’ll receive an email from us with the subject line “Important: Verify Your Information”.
What is a Source of Wealth (SoW) Request?
SoW describes the activities that have generated your accumulated wealth or total net worth (i.e., how you obtained your funds/assets). SoW does not refer to the location of the funds (e.g. a bank account) but to the activity or the reason that allowed you to accumulate those funds (for example inheritance, sale of real estate property or, in many cases, employment income accumulated over past periods).
What is a Source of Funds (SoF) Request?
Source of Funds refers to the origin of the particular funds being used specifically to deposit into your Altify account (for example, your salary, proceeds of an asset’s sale, dividends, inheritance, savings etc.).
ℹ️Note
In some cases, your SoW and SoF could be the same. For example, your SoW is your employment income over the years, and your SoF for a specific deposit to Altify is your latest paycheck. In those cases, the supporting documents you provide should prove both SoW and SoF.
What SoW and SoF Documents Can Be Submitted?
You can provide any of the documents below in their original PDF state. If you have multiple income streams, please submit a document for each. All documents must be clear, untampered with, and reflect your name.
| Type | Description |
|---|---|
| Salary, Bonus, or Commission | A payslip from the last three months, an official tax return, or a signed employment contract. |
| Savings | Bank statements from the last three months showing a balance equal to or greater than your investment. If funds were recently moved, include the statement from the original account as well. |
| Sale of Property or Assets | A signed sale agreement, a letter from your lawyer/conveyancer, or a land registry/title deed. |
| Investments or Dividends | An investment statement or "contract note" showing the sale of shares. Please include a bank statement showing the funds arriving in your account. |
| Inheritance | A copy of the will or a letter from the estate executor confirming your payout. |
| Gifts or Donations | An affidavit from the donor explaining the nature of the gift, plus proof of the payment into your account. |
| Pension or Retirement Funds | A statement from your pension fund or an employer’s letter showing the amount due to you. |
| Rental Income | A signed lease agreement or a tax return from the last 12 months. |
| Winnings | A receipt showing the date and amount won, plus a bank statement reflecting the deposit. |
| Legal Settlements | A court order (ex: divorce settlement) or a letter on an insurer’s letterhead confirming a valid claim. |
| Loan or Credit Facilities | A recent statement or letter from a regulated credit provider reflecting the amount. |
| Crypto Transfers | If funding from another wallet, provide an official exchange statement or a screenshot of your wallet transactions. |
Document Requirements
To avoid delays, please ensure your documents meet these standards:
Documents must be PDFs with an official bank or financial institution header.
Documents should not be older than 3 months. In some rare cases, such as rental agreements, this can be within 12 months.
Documents should not be tampered with (for example, do not black out information).
We cannot accept screenshots from banking apps or unverified application forms.
Important
To help us complete the review process as quickly as possible, please pay careful attention to these administrative requirements as they relate to any document you provide to us.