Source of funds checks, straight from the bank
Confirm where a client's funds come from and that they can meet costs, with income and transaction history direct from their bank, so you meet your obligations without the paperwork chase.
Source of funds is hard work
Meeting your obligations by hand means collecting and reading a lot of paperwork.
Clients take days to find and send everything.
AML obligations need a clear, documented trail.
Reading statements by hand is slow and inconsistent.
Missing accounts leave gaps in your checks.
What open banking does for your firm
One open banking connection covers all three, with no extra systems to run.
Why solicitors use it
A clear, documented source of funds trail.
Less waiting on paperwork from clients.
Every figure traces back to the bank.
No chasing, no manual reading.
The data points that matter for solicitors
One connection surfaces exactly what you need to make a confident decision. See how it works.
A client is funding a property purchase. Rather than chase six months of statements for AML, one open banking connection shows where the funds came from and the income behind them, giving you a documented source-of-funds trail in minutes.
Open banking for solicitors: FAQs
It gives a clear, dated record of where funds came from and the income behind them, which supports your source-of-funds checks. You remain responsible for your own AML judgement.
It comes straight from the client's bank under FCA-authorised access, read-only, so it cannot be edited the way a document can.
Access is read-only under FCA authorisation and encrypted in transit and at rest. The customer consents to share specific accounts for a limited period, only solicitors working on the case see the result, and the customer can withdraw access at any time.
Check source of funds in minutes
Book a demo and we will run a source of funds check on a live connection.