Just spent the last two weeks trying to convince my bank that yes, I do actually make money working for myself. They asked for tax returns, bank statements, invoices... felt like I was auditioning for a reality show or something. Um, anyone else had to jump through hoops proving income just because you're not on a regular payroll? Curious if this is standard or if my bank's just being extra picky.
"felt like I was auditioning for a reality show or something."
Had a similar experience myself last year when refinancing my home. Even though I advise clients on financial matters daily, the bank still put me through the wringer—tax returns, profit-loss statements, client contracts...you name it. It seems banks are generally cautious with self-employed individuals due to fluctuating income streams. Frustrating, yes, but unfortunately pretty standard practice from what I've seen. Curious though, did they eventually ease up once you provided everything?
