Honor Capital is the insured's Premium Finance Company. How do they make their down payment?

When Honor Capital becomes the insured's premium finance company and the loan is booked, they will receive an email with a direct payment link from Functional Finance.

The insured will be able to choose their payment method, either a bank account or a credit/debit card. If the policyholder needs to make updates to their contact information or banking information, they will need to email those updates to coverwhalesupport@honor.capitall.

To use a credit or debit card, the insured will:

1. Click Credit/Debit Card.
2. Enter their card details, billing name, and address.
3. Read and agree to the Finance Agreement Proposal and Payor Terms of Service and Payment Authorization.
4. Click Pay to submit the down payment.

To use a bank account, the insured will:

1. Click Bank Account.
2. Choose whether they want to link their bank account using Plaid (recommended).
   1. If the insured declines to link their bank account using Plaid, they will follow these steps:
      1. Decline the Plaid option by clicking X in the top corner of the Plaid pop-up.
      2. Manually enter the bank account type, account holder name, bank routing number, and account number.
      3. Click Submit.
      4. Click Manage Payment Methods.
      5. Click Verify, under their bank account.
      6. Read and agree to the Finance Agreement Proposal and Payor Terms of Service and Payment Authorization.
      7. Click Pay.
   2. If the insured chooses to link their bank account using Plaid, they will follow these steps:
      1. Click Continue on the Plaid pop-up.
      2. Search for and select their bank or manually enter the bank name. 
      3. Click Continue on the authentication screen.
      4. Plaid will connect to the insured's bank account.
      5. The insured will sign into their bank account using their username and password.
      6. Functional Finance will need to verify the insured's identity via a secure text message.
      7. Enter their mobile telephone number, then click Get Code.
      8. Enter the security code they received, then click Submit.
      9. Select the bank accounts they would like to link.
      10. Select to share the required additional information and click Continue.
      11. Read and agree to the Terms and Conditions, then click Connect account information.
      12. Once their bank account is linked, they will receive a success message. Click Continue.
      13. Read and agree to the Finance Agreement Proposal and Payor Terms of Service and Payment Authorization.
      14. Click Pay to submit the down payment.