We’ve got the answers to your needs.
And your questions.

Input from insurance professionals helped us shape InsurBanc. Here are some of the things they asked. If your answer isn’t here, feel free to contact us.

	How is InsurBanc different from other banks? InsurBanc is the only bank designed for insurance professionals. We were founded by agents in cooperation with the IIABA. Our mission is to help agents, brokers and other insurance professionals grow and prosper with tailored banking products and superior, personalized service. And, unlike traditional banks—which are in the insurance business—we offer only banking products and services.
	What makes your customer service different? At InsurBanc, our customer service representatives completely understand your business and personal banking needs. Once you switch, our service team stays involved to ensure your continued satisfaction.
	Can I do all my banking at InsurBanc? Yes. InsurBanc offers a wide range of banking products and services to handle your business and personal finances. Once you transfer your business banking, you’ll find it just makes sense to do your personal banking here as well. We can assist with personal savings, checking, credit cards, home mortgages, and much more.
	Who can bank with InsurBanc? While our specialty is business and personal banking for insurance professionals, anyone may bank at InsurBanc. We are a federally-insured bank with a complete line of deposit and loan products, including mortgages and credit cards, plus complete, convenient online banking services.
	Do I have to belong to the Big I to bank with you? No.
	Where is InsurBanc located? The InsurBanc office is in Farmington, Connecticut. We are a federally-chartered bank and have customers in all 50 states.
	How do I work with InsurBanc if you’re in Connecticut and I’m not. Relationships are managed by telephone, and in selected situations, our representatives can come to your location. Customers have full access to information and transaction capability via Online Banking.
	How do I make deposits? With our Virtual Deposit Delivery system, you can electronically submit commercial checks for deposit from your office. You may also make commercial deposits at over 16,000 FDIC-insured locations nationwide. You choose from 4 nationwide banks in which to make your commercial-checking deposits. InsurBanc has agreements with these banks allowing you to conveniently deposit funds there while maintaining your relationship with InsurBanc. Your funds are immediately credited for next business day availability.
	How soon are deposits available? Deposits are available on the next business day. Simply log on to your transaction summary to view fund availability.
	Why might agencies prefer a loan from InsurBanc? Most banks tend to base loan value on tangible assets. However, InsurBanc considers all of an insurance agency’s assets—including the book of business and your predictable cash flow.
	How does InsurBanc make switching banks easier? InsurBanc’s exceptional customer service representatives are trained to give you personalized, one-on-one service to make the process easy and smooth. We have dozens of testimonials from customers, raving about our service and expressing satisfaction with the switch.
	How do I get started with InsurBanc? Simply contact us today. We will gather information for a free financial review, and suggest ways that InsurBanc can help you maximize your financial position.
	Has the FDIC increased deposit insurance limits? Yes, FDIC insurance limits for Certificates of deposit, savings accounts and other bank deposits has permanently increased from $100,000 to $250,000 per depositor. In addition, all non-interest bearing transaction deposit accounts at an FDIC insured institution, including personal and business checking accounts that do not earn interest, are fully insured for the entire amount in the deposit account. This unlimited coverage is temporary and will remain in effect for particpating institutions until December 31, 2010. InsurBanc is a participating institution. Click here for more details.
	How can I determine if my deposits accounts are covered? You can use the FDIC Calculator to determine your FDIC coverage for each FDIC-insured bank where you have deposit accounts. The calculator lets you know in a printable report whether your deposits are within or exceed coverage limits. Click here for the calculator.
	What Is the FDIC? The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government. The FDIC protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. The term “insured bank” is used in this brochure to mean any bank or savings association with FDIC insurance.
	What Does the FDIC Insure? The FDIC insures all deposits at insured banks, including checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs), up to the insurance limit. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased these products from an insured bank. Basic Insurance Amount Is $250,000 The basic insurance amount is $250,000 per depositor per insured bank. If you and your family have $250,000 or less in all of your deposit accounts at the same insured bank, you do not need to worry about your insurance coverage -- your deposits are fully insured. Coverage Over $250,000 The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. You may qualify for more than $250,000 in coverage at one insured bank if you own deposit accounts in different ownership categories. For general information and answers to most FDIC insurance questions, click here.

We’ve got the answers to your needs. And your questions.

We’ve got the answers to your needs.
And your questions.