Thanks for your reply, Denita. I really wasn't sure if disclosing the amount of ready cash above the asking price was a good strategy. I do get why the agent wants proof of funds... doing the job which the seller hired her to do!!

Will be taking my banking elsewhere after this little episode!!

Good! Remember the ultimate price of the property is what it is worth to you in the current market. Have her show you the comps for the property. Is there a reason you are using the listing agent rather than your own agent? Just a question.

Agnes, we once made an offer, counter-offers, and final offer/purchase of a home over a cell phone with intermittent coverage, while driving through Wyoming and the Dakotas. We were able to satisfy the listing agent with a 3-way conference call between our banker, ourselves, and the agent. The agent specified the listing price and asked the banker whether there were sufficient funds. He indicated there were--and that was that. No private data or account numbers/balances revealed at all. I'm not sure whether that would work in this situation--but worth a shot?

I wouldn't completely change banks over this one if you've otherwise been happy with the bank. Just call the bank back and talk to someone else. Sometimes employees don't always think or do the right thing especially if it is something new to them. Did you tell them that you were uncomfortable revealing your total balance and that is why you wanted the letter. Now if on a second try they are not willing to work with you after explaining why using the statement won't work for you then I would start researching other banks.

I would suggest you engage a buyer's agent before you proceed any further. They will advise you how to proceed. If you decide to finance the transaction, don't use this institution. They have proven to not be customer friendly.

When we purchased this house, I was asked for a Proof of Funds letter when placing our offer. I walked into my bank, walked out several minutes later with a letter than merely said there were funds to cover my offer (amount was named) for the house located at XXXX Street, City. We'd banked there many years. I do know how to ask for a supervisor if I hadn't been given what I wanted (and yours was not at all an uncommon request).

I'm glad the supervisor apologized and you got your letter. Hope you are able to find another property to add to your rental portfolio that doesn't have all the issues mentioned :)

This is similar to a problem that I have been having where I currently bank. Now I just ask for the branch manager. She signs it and I go on my merry way. I am just hoping that she does not leave.