# Proof of funds for banks

**URL:** <https://discuss.koinly.io/t/proof-of-funds-for-banks/1995>\
**Category:** Koinly Support\
**Created:** [February 18, 2021, 10:31pm UTC](https://discuss.koinly.io/t/proof-of-funds-for-banks/1995 "2021-02-18T22:31:10Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Noobcrypto](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/noobcrypto/32/1060_2.png) [@Noobcrypto](https://discuss.koinly.io/u/Noobcrypto)\
**Post date:** [February 18, 2021, 10:31pm UTC](https://discuss.koinly.io/t/proof-of-funds-for-banks/1995/1 "2021-02-18T22:31:10Z")

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If I were to cash out to fiat and need to show proof of funds to the bank, I don’t think banks will know what to do with the koinly transaction report.

If there’s a report that shows  
Fiat inflows + coin appreciation / depreciation in fiat equivalent - withdrawal = net amt cashed out

Banks will probably understand it a bit better. And it will attract ppl who wanna cash out to adopt koinly

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**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\
**Post date:** [April 19, 2021, 10:32pm UTC](https://discuss.koinly.io/t/proof-of-funds-for-banks/1995/2 "2021-04-19T22:32:02Z")

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