(Guides) Updated Oct 7, 2026 · sources linked
What counts as
an excluded
deposit?
Gross deposits are not income. Before any expense factor, every program takes out deposits that didn't come from the business's customers. Get this wrong and the income is overstated, which the underwriter will find.
(01) The usual list
Deposits lenders take out.
| Deposit | What the published guidelines say |
|---|---|
| Transfers from the borrower's other accounts | Not counted in Acra's calculator. Deephaven: transfers from other accounts and wires must be documented or excluded. A&D and Deephaven exclude transfers between personal accounts. |
| Tax refunds, ATM card returns, fee refunds | Not counted in Acra's calculator. |
| Non-business income | Excluded by A&D. Verus counts only business transfers on personal statements. |
| Large deposits | Newfi and Verus: any deposit over 50% of average monthly sales must be sourced or excluded. Deephaven: over 50% of the monthly gross average needs a letter of explanation. |
| Inconsistent deposits | Newfi's P&L test uses deposits minus inconsistent deposits. A&D counts stable, predictable deposits on personal statements. |
(02) Large deposits
The 50% line, worked through.
Average monthly sales $30,000 → large-deposit line 50% = $15,000. A $40,000 wire in March is over the line: source it (contract, invoice) or take it out.
Newfi adds that six or more large deposits in 12 months can be treated as consistent with the business. A&D publishes no fixed percentage and leaves unusual deposits to the underwriter.
DepositDesk draws the line from the average monthly gross over the program's months and flags every deposit above it.
(03) Judgment calls
Not on a lender's list, but not income either.
Some deposits aren't named in the documents above but plainly aren't revenue: loan proceeds, a credit-card cash advance, the borrower moving money in from savings to cover payroll. Treat them as you would a transfer and record why. Where a lender's guide is silent, ask the account executive before you count it.
Processor payouts (Stripe, Square, PayPal) are customer revenue arriving in batches, so don't exclude them as transfers.
(04) Record the reason
Why every exclusion needs one.
An excluded deposit with no reason is the first question an underwriter asks. Keep the date, description, amount and reason for each one. DepositDesk's lender PDF lists every excluded deposit with its reason for exactly this.
(05) Sources
Read the lenders' own documents.
- Acra Lending: Acra Lending bank statement calculator, version v20250102 (from the broker resources page) · how DepositDesk applies it
- Deephaven Mortgage: Bank statement features sheet, Jan 19, 2023 · how DepositDesk applies it
- Deephaven Mortgage: Wholesale underwriting guidelines §8.3–8.4, effective Jan 10, 2022 · how DepositDesk applies it
- Newfi Wholesale: Newfi Lending Rainier Matrix, effective for locks on/after Feb 19, 2026, rev. Mar 3, 2026 (pp. 17, 29–37) · how DepositDesk applies it
- Newfi Wholesale: Non-QM submission checklist, bank statement · how DepositDesk applies it
- Verus Mortgage Capital: Correspondent Non-Agency Seller Guide §2.7.6, Nov 11, 2024 · how DepositDesk applies it
- A&D Mortgage: Non-QM Loan Eligibility Guidelines §6.6.8, Sep 24, 2026 · how DepositDesk applies it
Guidelines change without notice; dates are shown on each lender page. DepositDesk is independent and isn't affiliated with, endorsed by or approved by any lender named here. This guide is general information for mortgage professionals, not underwriting or legal advice.
(06) FAQ
Questions brokers ask.
Are transfers counted as income on a bank statement loan?+
Generally no. Acra's calculator doesn't count transfers from other accounts, Deephaven requires transfers and wires to be documented or excluded, and A&D and Deephaven exclude transfers between personal accounts.
What is a large deposit on a bank statement loan?+
Newfi and Verus define it as any deposit over 50% of the business's average monthly sales; Deephaven uses 50% of the monthly gross deposit average and asks for a letter of explanation. Large deposits must be sourced or excluded.
Do Stripe or Square payouts count as income?+
They are batches of customer payments, so they are business revenue rather than transfers. Confirm the account they land in is one the lender is counting.
(07) Keep reading
Related guides.
(Next step)
Run the numbers on a real file.
Drop in 12 or 24 months of statements and DepositDesk builds the worksheet with these rules applied, every exclusion explained. Your first file is free; statements never leave your browser.