Clients are able to have insurance policy payments paid from their Currence Reservoir. To set this up, the client would need to provide their bank verification letter (which can be found in their Currence app) to their insurance company. The bank verification letter supplies the insurance company with the client's routing and checking account number associated with their Reservoir, so the insurance company is able to deduct payments from Currence. Below we have listed the recommended payments methods for the different insurance types:
NOTE: If the premiums are being paid for by someone other than the account holder listed on the Currence Reservoir, the policyholder and agent should submit an authorization form (each carrier might have a different process so contact the carrier for further detail) enabling the premiums to be deducted out of an account that is not in the name of the policyholder.