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Can the insurance company auto-deposit my personal injury settlement?

  • The Gerring Law Firm
  • Sep 10, 2019
  • 1 min read

In an ideal world, this would be great. Unfortunately, we are not there yet. Insurance companies must issue payments to the law firm first, and then we will issue payment to the client. To my knowledge insurance companies do not offer auto-deposit to law firms or clients.


It is probably for the best that things are done this way. Most settlement checks have the financial interest of multiple parties in them. Mailing paper checks leaves a solid paper trail that allows for easy accounting of where the funds went. Paper checks also provide time to correct in case an error is made. Logistically, I think auto-depositing would be a nightmare for insurance companies considering the cost of fixing mistaken deposits.



personal injury lawyer saint louis, The Gerring Law Firm, Stephen Gerring, personal injury settlement check auto deposit
Most car insurance companies will not give you the option of auto-depositing settlement funds.

 
 
 

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