iink Wallet

One claim payment. A wallet for every party.

Wallet handles the payments that come with a property claim: the insurance check, each party's share, and related payments like the homeowner's deductible.

Create your account

A deductible and an insurance check flowing into wallets for each party

Claim-related payments

Collect the deductible and distribute the claim payment from one place.

Homeowners pay their deductible, and iink splits the insurance check and transfers funds to each party on the claim. Every payment is linked to the claim, so contractors, adjusters, attorneys and servicers can see what has been paid.

Distribute claim proceeds

iink splits the claim payment and transfers funds to each party when the check clears.

Choose how each party is paid

Funds can go to each party's bank account by standard ACH or, where available, instant RTP. Pick the speed that fits the job.

Built for property claims

From the insurance check to the homeowner's deductible, every payment is tied to the claim and the parties on it.

Built for multi-party claims.

A claim check distributed to multiple wallets

Multi-party check deposits

Digitally endorse, deposit and distribute claim proceeds to multiple payees.

Avoid trips to the bank, driving to pick up checks or collecting signatures from every payee. When the check clears, iink distributes the proceeds to each party's wallet automatically.

Lender direct partners such as SWBC and OSC Insurance Services use iink for digital endorsement of insurance claim checks.

Instant transfers

Transfer funds to a bank account in minutes, any day.

Once funds are in a party's wallet, they can transfer them to their bank account with Instant Transfer, 24 / 7 / 365.

Transfer speeds are institution-specific and could take up to 30 minutes. Subject to daily and per-transaction limits. Fees may apply. The receiving institution must be a participating member of The Clearing House.

Wallets for every party

Every party gets their own wallet.

Contractors, public adjusters, attorneys and homeowners each receive their funds in their own wallet, so each party controls where their share goes next.

Currently, claim-related requests and payments are available only to iink verified customers. All active and invited users have 24 / 7 access to their Wallet.

Deposit

Deposit the claim check. iink handles the rest.

Upload the claim check and iink collects the endorsements, coordinates the mortgage company and deposits the check. Once it clears, iink transfers funds to each party's wallet.

Wallets may be subject to clearing and settlement periods. Certain users may be allowed access to funds sooner with Faster Check Clearing.

A list of transfers with paid and pending status

Financial transparency

See every transfer for your jobs and claims. All in one place.

Track every transfer and fee with complete clarity. Export your transactions and import them into your favorite accounting application.

Exports are provided in CSV format. Learn how to import to QuickBooks.

Pick the speed for each transfer.

Choose standard ACH or instant transfers each time you transfer funds.

Compare options	Speed and availability	Price
Claim Proceeds Distribution	Funds move to each party's wallet when the check clears. Available to iink verified customers.	Free
Instant Bank Transfer	Transfer funds in a few minutes into an external bank account, 24 / 7 / 365. Available to all users.	1-2% of amount
Standard Bank Transfer	Transfer funds in 1-2 business days into an external bank account. Available to all users.	Free
Faster Check Clearing	Eligible claim checks can clear as fast as 1 business day, based on risk review. Approval required.	Free
Multi-party Check Deposits	Available to iink verified customers. Clearing is risk-based, as fast as 1 business day.	Free

Individual and daily limits are determined on a per-account basis. To learn more about how to increase your limits, please contact your account manager.

Frequently asked questions

iink Wallet is where claim proceeds are distributed. Each party on a claim has a wallet, iink splits the claim payment and transfers funds to each party, and each party can transfer their funds to their bank account.

Claim funds are held in a custodial account at our bank partner, Member FDIC, for the benefit of iink customers. iink is a financial technology company, not a bank.

Once a check clears, iink transfers funds to each party's wallet. From there, they can send them to their bank account by standard ACH or, where available, by instant RTP transfer.

Upload the claim check directly to iink. Checks clear on a risk basis, as fast as 1 business day, which removes much of the waiting that comes with mailing and depositing a paper check.

Yes. Wallet is built for multi-party property claims of any size. Individual and daily limits are set per account; contact your account manager to learn more.

iink is SOC 2 compliant, and claim funds are held at our bank partner until they are paid out. You can request our security report.

You need a bank account to receive transfers from your wallet. Wallet works alongside your existing account, so you don't need to switch banks.

Standard bank transfers are free and instant transfers carry a fee. The pricing table above lists each fee.

Wallet is built for multi-party property claims. It collects the endorsements, deposits the check and distributes each party's share, and it handles related payments, such as the homeowner's deductible, so every payment is tied to the claim.

Create your iink account and upload your first claim check. Parties invited to a claim receive access to their wallet.

Lender direct partners such as SWBC and OSC Insurance Services use iink for digital endorsement of claim checks.

Have more questions? We're here to help!

If you didn’t find what you’re looking for, feel free to reach out. Our team is ready to assist you.