How does the lender verify gift funds if the donor transfers from multiple accounts?

How do lenders verify gifts from multiple donor accounts?

You want to know how lenders handle gift fund verification when your donor pulls money from several different accounts to make the gift. Lenders need to trace the entire money trail from each source account through to your account.

The donor typically provides bank statements for every account they used, showing the withdrawals that make up the gift amount. If your donor transferred $15,000 from checking and $10,000 from savings to give you $25,000, the lender wants statements from both accounts. The lender also needs documentation showing how those separate amounts moved into the single account or cashier's check used for the actual gift transfer.

Check that your gift letter matches the total amount and lists all source accounts if required by your lender. Review the donor's statements to confirm the withdrawal dates and amounts align with when you received the funds.

Your donor can consolidate funds into one account first, then transfer to you from that single source. Alternatively, they can provide detailed documentation for each account used. Some lenders accept a clear paper trail even with multiple sources, while others prefer the simpler single-source approach.

Share the documentation timeline with your lender and they can walk you through what specific statements and letters they need for your situation.