When you submit your bank statement for a visa or school application, every detail matters. But one of the most overlooked details is the transaction narration—that short description explaining where the money came from.
The wrong narration can raise red flags for consular officers, leading to questions or even outright rejection. Getting it right is crucial for a smooth application process.
At POF NG, we’ve seen how simple mistakes can cause major delays. That’s why we’ve compiled this guide to the 12 best and most acceptable narrations for your Proof of Funds (POF) in Nigeria.
Using the right description tells a clear and believable story about your financial standing.
Why Your POF Narration Matters
A transaction narration is the story behind the money entering your account. For embassies, it’s a quick way to verify the legitimacy of your funds. A vague or suspicious narration like “Personal” or “Credit” for a large sum can make them doubt the source of your money. A clear, accurate narration, however, builds trust and supports your application.
A mismatch between the narration and your supporting documents is one of the key reasons visa applications get rejected. Consistency is key.
12 Embassy-Approved Narrations for Proof of Funds
Here are 12 clear and acceptable narrations to use for large deposits in your account when preparing your POF documents.
- Liquidation of Investment
Use this when you have sold financial assets like stocks, bonds, or treasury bills. It shows the funds came from a legitimate investment portfolio. You should have supporting documents from your stockbroker or investment firm. - Investment Proceeds
This is slightly different from liquidation. It refers to profits or returns earned from an investment, not the sale of the entire asset. It shows a history of sound financial management. - Liquidation of Assets
This applies when you sell a physical asset, such as a car or valuable equipment. You must have a receipt or deed of sale to back this up. - Assets Proceeds
This is the narration for the money received from the sale described above. It directly links the deposit to the asset you sold. - Dividend Proceeds
If you own shares in a company, use this narration for payments you receive as dividends. It’s a great way to show steady, passive income. - Salary
For funds coming from your employer. This is the most common and easily verifiable source of income for many applicants. It demonstrates stable employment, which is a major plus for visa officers reviewing your application for countries like the United Kingdom. - Sales of Property/Land
This is ideal for very large, one-time deposits. You must have a signed Deed of Assignment or contract of sale as proof. This is a strong justification for a sudden increase in your account balance. - Payment for Goods/Services
Perfect for business owners and freelancers. This narration shows the money is legitimate business income. You should be able to provide invoices or receipts if asked.
- Gift from [Sponsor’s Name]
If a family member is sponsoring you, this is the correct narration. It must be accompanied by a deed of gift and a letter from your sponsor. This is common for students applying for a Canadian study visa. - Educational Funds/Sponsorship
This is a more specific version of the gift narration, used exclusively for academic purposes. It clearly states the fund’s purpose, leaving no room for doubt. - IFO [Customer’s Name]
IFO stands for “In Favour Of.” This is used when a third party makes a deposit into your account on behalf of someone else. For example, if a company pays a contractor through you. It provides clarity on the transaction flow. - Rent
If you are a landlord, this narration is used for income from your properties. A tenancy agreement serves as excellent proof for this source of funds, which is accepted for applications like the Schengen visa.
How to Ensure Your Proof of Funds Is Accepted
Choosing the right narration is just one part of the process. Your entire financial story must be consistent. If you need to show a specific amount for a certain duration but don’t have it readily available, securing the funds can be challenging.
This is where we can help. POF NG connects you with verified financial partners who can provide the required funds for your bank account. We ensure that your Proof of Funds meets the specific requirements of embassies like the U.S. Embassy and is fully verifiable. Not sure how much you need? Use our handy POF Calculator to estimate the amount.
Get Your Verifiable Proof of Funds Today
If you need a reliable and stress-free way to meet your financial proof requirements, POF NG is here to help. We provide fast, authentic, and embassy-accepted Proof of Funds services to clients across Nigeria. Let us handle the complexities so you can focus on your journey ahead.
Ready to get started? Contact us today for a free consultation and secure your Proof of Funds with confidence! For more information on how to get started,
