⚠️ Received a Source of Wealth request? Act before the deadline — get expert help today →
A Source of Wealth request is more comprehensive than a Source of Funds request — it asks you to explain how you accumulated your overall wealth, not just where one specific payment came from. Here's how to respond correctly.
Many people confuse these two terms — but banks treat them very differently. Understanding which one applies to your situation is the first step to responding correctly.
| Question | Source of Funds | Source of Wealth |
|---|---|---|
| What it asks | Where did this specific money come from? | How did you build your overall wealth? |
| Scope | Narrow — one transaction or deposit | Broad — your entire financial history |
| Triggered by | A large or unusual transaction | High net worth, EDD review, or risk flag |
| Documents needed | Transaction-specific evidence | Comprehensive financial history and evidence |
| Complexity | Moderate | High — often requires multiple document types |
Source of Wealth requests are typically part of an Enhanced Due Diligence (EDD) process — a deeper level of scrutiny that banks apply to higher-risk customers. If you've received one, your bank has decided your account warrants a more thorough review.
📌 Source of Wealth reviews are more complex than standard KYC requests. They require a structured narrative covering your entire financial history — not just a single transaction. Professional preparation makes a significant difference to the outcome.
Banks conducting Source of Wealth reviews will typically want to see evidence that spans multiple aspects of your financial life. The exact requirements will depend on your circumstances, but the following are commonly requested:
Source of Wealth responses are among the most complex compliance documents to prepare correctly. We have prepared dozens of these packs for individuals across the UK — from property investors to business owners to high-net-worth professionals.
Services from £199. All fees fixed and agreed in writing before work begins.
We'll review what your bank has asked for and tell you exactly what you need to provide. No cost, no commitment.
Services from £199 · Fixed fees · Strictly confidential