Acceptable Proof of Funds Guide
Acceptable Proof of Funds
Personal funds:
- Official bank statements in your name showing balance of account (see below for criteria**)
- The sponsor's official bank or other financial statements or letter (see below for criteria**)
- Official letter(s) indicating the relationship between you and the sponsor(s), the amount of support and the length of support
- Scholarship award letters can be downloaded in your Workday account, under Finances tab (instructions for how to view)
- If you attach a letter indicating other type of UT funding, the letter must be:
- printed on OFFICIAL UT letterhead
- signed by the sponsoring department
- issued in the last 6 months
- state the amount, length and type of funding
- Letter from an employer or another institution on OFFICIAL business letterhead including a signature showing amount and length of support
- Salary statements are not accepted
- Must indicate your name and the amount of approved loan
- Conditional loan approvals may be accepted only if the condition is the receipt of your I-20 or DS-2019.
- Loan applications are not accepted as proof of funding
- Should be a single page document showing the criteria below. DO NOT submit long statements that include transaction history
- Showing bank/financial statements from multiple accounts and multiple sponsors is acceptable
- Indicate the financial institution's name
- Indicate the account holder's name
- Clearly show the account balance
- Be dated within the past 6 months (older statements will not be accepted),
- Be translated into English (especially names) unofficial translations are accepted
- Clearly show the type of currency
- Be from statements that show liquid assets that can be converted to cash
- Documents older than 6 months
- Income or salary statements (UT on-campus employment)
- Funds that are not immediately accessible
- Assets that are not in liquidated form (house, car, retirement, etc)
- Life insurance policy statements
- Pension funds
- Tax return forms or documents
- Documents that state a vague balance amount, for example "funds in the six figure range"
- Screenshots of bank apps or websites