Source of Funds vs Source of Wealth (payments context)
What each means, how they relate, and when to use which.Source of funds is where the specific money being used came from, for example this deposit traced to a salary payment. Source of wealth is the origin of the customer's overall assets, such as a business sale or inheritance. One explains the money on the table; the other explains how the person got wealthy at all.
Source of Funds is the evidence a licensed operator requires to confirm where the specific money a player is depositing and gambling with actually came from.
Use it when Use source of funds for where the specific money came from.
Full definition of Source of Funds →Evidence of how a customer accumulated their overall wealth, used in AML checks to judge whether their spending is plausible and legitimate.
Use it when Use source of wealth for how the customer built their overall assets.
Full definition of Source of Wealth (payments context) →The key distinction
- Source of funds is transaction-level; source of wealth is holistic.
- SoF traces the specific money deposited; SoW explains the customer's total wealth.
- SoW is usually required at higher risk or higher spend than SoF.
Common questions
What's the difference between Source of Funds and Source of Wealth (payments context)?
Source of funds is where the specific money being used came from, for example this deposit traced to a salary payment. Source of wealth is the origin of the customer's overall assets, such as a business sale or inheritance. One explains the money on the table; the other explains how the person got wealthy at all.
What is Source of Funds?
Source of Funds is the evidence a licensed operator requires to confirm where the specific money a player is depositing and gambling with actually came from.
What is Source of Wealth (payments context)?
Evidence of how a customer accumulated their overall wealth, used in AML checks to judge whether their spending is plausible and legitimate.
More term comparisons
Understanding, not advice. This explains how two terms differ so you can read the industry clearly. Nothing here treats gambling as a way to make money; the maths favours the house. 18+.