How to handle joint accounts in your Source of Funds report

Important: only one of you should include the joint account balance in your report. If you and your partner have both been asked to complete a Source of Funds report (the report Armalytix produces to prove where your money comes from), agree between you who will claim the joint balance before you start.

How to reflect a joint account

  1. Whoever is including the joint account: when the questionnaire asks how much you have in your accounts, say you have the funds, then connect the joint account and prove the total balance.

  2. The other party: don't reference those funds in your own report at all.

  3. When explaining where the funds came from, add a separate answer for each of you, covering your own portion of the money.

Example

If one of you inherited £15,000 and the other saved £12,000 from your salary:

  1. Click I inherited it and fill in the details for the £15,000.

  2. Click I saved it and fill in the details for the £12,000.