Frequently Asked Questions
Agency banking features financial products and services that address the unique needs of insurance professionals.
We can assist you at any business lifecycle stage, including beginning, expanding, or transitioning your agency. Besides offering practical advice based on our deep industry experience, we can provide financial solutions to help with acquisitions, perpetuations, non-compete buyouts, office building renovations, agent recruitment or retention, and much more.
Any independent insurance agent in the United States can potentially work with us.
No. However, we typically work with independent insurance agency owners, or experienced independent producers with a sizable book of business interested in ownership opportunities.
No. You can sell any line of insurance.
No. We work with agents who don’t sell Westfield Insurance products.
No. These are separate issues. Please contact Westfield Insurance for more information.
Yes, unless it’s prohibited by your state. We do offer revenue-sharing opportunities with premium financing.
You have three easy options. You can scan checks from your computer using Remote Deposit Capture, or send an image of your checks from your mobile device using Mobile Deposit (up to the available dollar amount/frequency limits). Of course, you can also deposit your checks at any of our eight locations.
You can simply transfer your funds electronically by ACH or wire transfer. Or you can write a check on the account held at your other bank.
Just call us at 800-368-8930. We’ll begin by discussing your specific situation, and then talk about how we can help you.