POF.... The Good The Bad The Ugly

We offer proof of funds for those clients who require financial liquidity for their projects and to show asset strength while qualifying for financing for loans or lines of credit. These POFs are generally used for commercial purposes but can also be used for real estate transactions as well. The minimum amount is $100,000.00 and there is no maximum due to the large number of investors available for this purpose. All the client needs to pay for is the interest for the investors while their funds are being used because all instruments and accounts are backed by investor’s funds as required by law.

_{Our procedures are simple and transparent}

_{Basic procedures:}

_{Client gets quote and approves it}

_{Issuer receives the intake form and summary of client transaction}

_{Issuer locks in investor(s) for transaction (to fund the sblc, our instruments are cashed backed)}

_{Issuer generates document package}

_{Client reviews and executes document package}

_{Client returns executed document package and wires fees}

_{Issuer funds and issues SBLC immediately upon receipt of the above}

_{Options if required:}

_{ESCROW IF REQUESTED BY CLIENT AND PAID FOR BY CLIENT (this insures the clients money and transaction)}

_{Escrow fees are 2% of the fees (not the SBLC amount) minimum $2,500 maximum $75,000}

_{If escrow is required, the escrow company will charge 2% of the fee amount}

_{escrow company sends out instructions for signature by all parties}

_{escrow company will receive funds from client and notify issuer of fee received}

_{Issuer sends SBLC to escrow company to send to beneficiary}

_{escrow company sends out SBLC and releases funds to issuer}

_{Under normal circumstances the original SBLC is sent to beneficiary via "bonded courier" at no charge to client and sent overnight. A client copy is sent to client as well}

_{SWIFT IF REQUIRED BY CLIENT}

_{SWIFTS are sent via CITI Bank and sent MT760}

There is an additional fee for SWIFT messages

_{SWIFTS are sent once the signed documents and fees received only (not before)}

_{If you have question please let me know so I can resolve them for you right away. I can be reached via phone, text or email.}

_{Our procedures are simple and transparent}

_{Basic procedures:}

_{Client gets quote and approves it}

_{Issuer receives the intake form and summary of client transaction}

_{Issuer locks in investor(s) for transaction (to fund the sblc, our instruments are cashed backed)}

_{Issuer generates document package}

_{Client reviews and executes document package}

_{Client returns executed document package and wires fees}

_{Issuer funds and issues SBLC immediately upon receipt of the above}

_{Options if required:}

_{ESCROW IF REQUESTED BY CLIENT AND PAID FOR BY CLIENT (this insures the clients money and transaction)}

_{Escrow fees are 2% of the fees (not the SBLC amount) minimum $2,500 maximum $75,000}

_{If escrow is required, the escrow company will charge 2% of the fee amount}

_{escrow company sends out instructions for signature by all parties}

_{escrow company will receive funds from client and notify issuer of fee received}

_{Issuer sends SBLC to escrow company to send to beneficiary}

_{escrow company sends out SBLC and releases funds to issuer}

_{Under normal circumstances the original SBLC is sent to beneficiary via "bonded courier" at no charge to client and sent overnight. A client copy is sent to client as well}

_{SWIFT IF REQUIRED BY CLIENT}

_{SWIFTS are sent via CITI Bank and sent MT760}

_{Fees for SWIFT is $35,000 per transaction (on top of quoted fees)}

_{SWIFTS are sent once the signed documents and fees received only (not before)}

_{If you have question please let me know so I can resolve them for you right away. I can be reached via phone, text or email.}

The summer travel season is officially here. During the summer we all like to relax and unwind while traveling with our families and friends. While you are unwinding don't be too careless about protecting your identity.

Travelers in unfamiliar locations are often targeted by pickpockets, aggressors and identity thieves. Even though you let your hair down its' important not to let your guard down. To help protect yourself and your family consider these recommendations while you're on vacation.

Set A Budget

Before you go away create a realistic budget. Ask yourself some questions about your upcoming expenditures. Will you be driving or flying? Will you be staying with friends or will you have to pay a hotel? How much will you be allocating towards your entertainment expenses? Remember, once your holiday is over reality will set in and your day-to-day bills will be staring you in the face.

Travel Light

Only carry credit cards you will need and definitely leave the rest at home. More importantly, leave your checkbook at home since credit cards are universally accepted. Rummage through your wallet and be sure to remove any card with sensitive information on it. It's always a good idea to pack a debit card for withdrawing at reliable ATMS.

Avoid Skipping Payments

Make sure all your bills are getting paid while you are away. There is nothing worse than returning from an amazing holiday and discovering a shut off notice from your utility company because you forgot to pay your bill. By simply planning ahead and setting up automatic payments through your credit union.

Refrain form social media

Resist the urge to post all your plans and photos on Facebook and Instagram. You may be giving local thieves permission to break into your house or business. Post your pictures after you get home.

Protect Your Mail While Away

Make sure you place your mail on hold with the U.S. Postal Service while you are gone. Go to holdmail.usps.com to begin the hold. Why is it important to have your mail held? You don't want identity thieves stealing mail from your mailbox and getting access to your sensitive information like credit card statements, checks, etc.

Protect Your Cash

Only carry as much cash as you are comfortable losing to a potential thief. Don't carry all your cash in one place. Put some in your pocket, some in a money belt and maybe even your sock.

Suspend Your Subscriptions

Nothing screams we're on vacation like a pile of uncollected newspapers in the driveway. If you can't suspend your subscriptions then ask a neighbor to collect them while you are away. Again, you don't want the thieves to realize you're not home.

Set-up Cyber Security Alerts

It's a great idea to set up alerts on all your credit cards and bank statements. You will receive a text or email every time your credit card is used, protecting you from fraudulent use.

Practice Internet Safety

While traveling inside the U.S. or abroad, always think twice about frequenting Internet Cafes to access your financial accounts online. While most businesses are legitimate and have a protected ISP, others may harbor hackers that would tap into your accounts and make you a victim of identity theft.

Lastly, Wear Sunscreen

In the long-term, sunscreen is less expensive than the medical treatment you may need because of over-exposure to the sun. And in the short-term, it can help avoid the pain of a sunburn so you can enjoy your hard-earned holiday!

Here's to the happiest of travels!

Individuals are their own best advocate and first line of defense against theft and fraud. We hope everyone will arm themselves with the knowledge they need to be financially safe this summer, whether they're spending time at home or abroad. Planning to travel with your allU.S.due to unusual activity. You can also notify us by calling a Member Services Representative at the branch or contact us online ( https://www.alluscu.com ).

Article Source: https://EzineArticles.com/expert/Patrick_Redo/2064245

Credit Card or Debit Card? Let us know when you'll be traveling to help ensure that your debit or credit card is deactivated

Article Source: http://EzineArticles.com/9736617

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POF.... The Good The Bad The Ugly

We Offer SWIFT Messaging Services!

1M+ CASH Small Cap Ping Trade Program

Best SBLC provider, In business for more than 12 years!

Protect Your Credit While Traveling This Summer

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