Posted on: 18th Jul, 2011 07:52 am
I recently closed my saving account from one bank and deposited the check into another. Would I need to provide two statements from the previous bank account to explain the large sum, or just the fact that I closed the bank account would suffice? Also, do lenders typically ask for two bank statements only, or they may ask for more?
Lenders will generally ask for 2 months of bank statements. If you recently opened the account you are showing funds to close, or reserves, then you would need to document where those funds came from, ie your other account. You would need to document all deposits, and the sources.