Bank Checklist for Large Investment Transfers

✅ Bank Checklist for Large Investment Transfers

Requirements for the sender of large amounts before funds can be transferred to Invest Business House

1. Personal Information

☐ Passport
☐ Proof of address (e.g., utility bill or bank statement)

2. Origin of Funds

☐ Bank account statement – 6 months transaction history from the account the funds are sent from
☐ Purchase contract / bill of sale – if funds derive from sale of property, business, or shares
☐ Annual tax return or payslips – if funds derive from savings or salary

3. Investment Documentation

☐ Investment contract / subscription agreement
☐ Prospectus or investment information material (if available)
☐ Invoice / receipt (if relevant, but not sufficient on its own)

4. Supplementary Documents

☐ Ownership structure (for companies)
☐ Audited financial statements (if company funds are used)
☐ Tax information

5. Client / Escrow Account Requirements

The necessity of a client account depends on the transaction type:

• Invest Business House

  • Client accounts are often used to temporarily hold funds until release, ensuring security for both investor and recipient.

• Private transactions or real estate/company acquisitions

  • A client account is normally standard practice, as funds must remain secure until the transfer of ownership.

👉 A client account is not always mandatory. However, for very large amounts or when a third party (lawyer, fund, or provider) is involved, a client account or escrow solution is usually the safest and most transparent option.

6. Professional Explanation and a requirement:

Invest Business House acts as an investment intermediary, utilizing intermediary accounts to facilitate transactions between investors and other parties involved. When an investor wishes to participate, they are required to transfer the agreed-upon amount to a separate bank account designated for intermediary purposes. This account is specifically used to hold the funds temporarily, ensuring transparency and proper handling of the capital.

Once the investor’s funds are received in the intermediary account, Invest Business House retains the pre-agreed percentage, as specified in a written intermediary agreement. This agreement must be signed by both Party 2 Invest Business House and Party 3 (the other relevant party involved in the transaction). This contractual arrangement ensures that all parties are aware of their obligations and the terms under which the funds are managed.

Party 1 Agreement and Documentation

1. Transfer of Funds: Party 1 will receive the agreed amount, transferred to their accounts as per the terms of the agreement. Invest Business House will ensure full transparency in documenting the transfer process.

2. Required Documentation: The applicant is required to submit the original project plans for proper documentation. In addition, the applicant must provide the following details for accurate record-keeping: (which already happens in the application for investment in a project). 

   • Full name

   • Company name

   • Project budget

   • Any other relevant project details

Prepared by:
Jens G. Olsen, MSc.
CFO / CIO