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How to complete a Source of Funds request

How to complete a Source of Funds request, including adding your sources and uploading your bank statements.

Written by Ula Moyse-White

Overview

A Source of Funds request lets your law firm understand where the money for your transaction is coming from. This is required to meet their regulatory obligations, so please provide accurate and detailed information.

Before you start

Before starting your Source of Funds submission, make sure you have:

  • Access to your Source of Funds request link

  • Details of how you are funding the transaction

  • Supporting evidence for each source, for example payslips, sale agreements or savings statements

  • Your bank statements, saved on the device you are using

Step 1: Tell us about the transaction

ℹ️ Important

Once you have completed the questionnaire, it is not possible to go back and edit it. If you have made an error, contact your law firm directly to request a new link.

  1. Open your Source of Funds request and click Agree & Continue, then Get started.

  2. Select what best describes the transaction you need to make: that you are purchasing a property, or Other.

  3. Enter the total value of this transaction. For a property purchase, enter the purchase price only. If your law firm has already entered this amount you will see it pre-filled, and if they have locked it you cannot change it.

Step 2: Describe how you are funding it

  1. In the free-text box, describe how you intend to fund the transaction, for example a mortgage, a gift or savings. Give as much detail as you can.

  2. Answer the follow-up questions that appear. These are based on what you have just written, for example which bank your savings are held with, or whether a property sale has settled and the proceeds received.

  3. Click Continue to move on to adding your sources.

Step 3: Add your sources of funds

You will see suggested source types based on your answers, and a full list of other source types you can add. The sources available include savings, the sale of a property, a mortgage, investments, stocks & shares, a loan, a gift, an inheritance and Other.

  1. Find the relevant source type and click Add details.

  2. Enter how much of the transaction this source will cover.

  3. Confirm whether any of these funds come from outside Australia.

  4. Confirm whether you have received this money yet, where you are asked.

  5. Provide the additional details requested for that source, for example the property address, or where your savings come from.

  6. Upload the supporting evidence requested for that source.

  7. Click Save source.

  8. Check the progress bar at the top of the page, which shows how much of the transaction value you have declared.

  9. Repeat until all your sources have been added.

ℹ️ Important

For every source where you confirm the funds have been received, you will be prompted to add bank account details and upload statements for that source at the next stage. If you have not received the funds for a source yet, that step is skipped for it. Savings sources always require bank statement evidence, even though the money is already held.

Step 4: Add your bank accounts and statements

Once all your sources are added, you will see which of them need bank statement evidence. If you need to change a source first, click Amend source details.

  1. Click Add bank account details.

  2. Enter the account name, the account provider, the account number, the BSB and the account balance.

  3. Upload the statements for that account. You can upload as many files as you need.

  4. Click Add account.

  5. Click Add another account if your funds are held in more than one account, and repeat.

  6. Click Continue when all your accounts have been added.

ℹ️ Further guidance

Step 5: Match each source to an account

  1. For each source listed, use Select account details to choose the bank account those funds are held in.

  2. If an account is not showing, add it using the link on screen before continuing.

  3. Click Continue.

Step 6: Review and submit

  1. Review the summary of everything you have declared against the transaction value.

  2. If Legl shows that your application could be more complete, add the missing supporting documents. This helps your firm verify your information more quickly and reduces follow-up requests.

  3. Click Add another source if any funding is still undeclared, or provide a comment explaining why.

  4. Click Agree & submit to confirm the information is true to your knowledge.

What happens next

You will see a confirmation that your submission has been received and that final checks are running. You do not need to wait. Legl emails you when it is complete, and your submission is routed to the person handling your matter.

File requirements

The file types accepted depend on where you are uploading.

  • Supporting evidence for a source: PDF, DOC, DOCX, TXT, JPG, JPEG and PNG

  • Bank statements: PDF, JPEG, JPG, PNG, GIF and TIFF

The maximum file size is 50MB. Password-protected PDFs cannot be accepted.

Important information

  • Your progress saves automatically, so you can stop and return to the request using the same link.

  • You cannot edit the questionnaire once it is complete. Contact your law firm if you need a new link.

  • You upload your own bank statements. There is no option to connect a bank account.

  • Upload complete, multi-page statements. A partial or low-quality scan may not be readable.

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