Preferred Insurance Agent
Get Two Separate Business Banking Accounts Guidelines for Banking and Handling Money
commissions should be deposited here as well as paying any office bills like rent, internet, and phone. The business account should be used for insured monies only. The insured gives you a payment, and you deposit the money into this account. Then the insurance company will “sweep” this money in a couple of days.
In order to keep your accounts managed, there are a couple of things you should do when setting up your business banking accounts. You will need to open an agency operating account and a separate business account to keep everything organized. The purpose of an operating account is to keep your money separate from the insured’s money. Your
Steps to Opening an Independent Insurance Agency Successfully
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