Compare
2023 TruckSmarter Inc.
TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Blue Ridge Bank, N.A, Member FDIC. Deposits are FDIC-insured through Blue Ridge Bank, N.A., Member FDIC. The TruckSmarter Visa Debit Card is issued by Blue Ridge Bank, N.A., Member FDIC, pursuant to a license from Visa USA Inc. Your funds are FDIC insured up to $250,000 through Blue Ridge Bank, N.A.; Member FDIC.
*Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
make more
Factoring resources
New to factoring?
Stuck in a contract
Stuck in a contract
How to switch factoring companies
How to switch factoring companies
Pros & cons of factoring
Pros & cons of factoring
make more
Factor with TruckSmarter
Factor with TruckSmarter
Interested in simple, transparent factoring? Contact us!
Interested in simple, transparent factoring? Contact us!
Factor with us
Factor with us
Stuck in a freight factoring contract?
Don’t worry, we can help you out of it. Switching factoring companies can be complicated, but our team will walk you through the process.
TruckSmarter Factoring
vs. OTR Factoring
TruckSmarter Factoring vs.
OTR Factoring
Choosing a freight factoring company–whether you already factor elsewhere or are new to the whole idea–is a big deal. We’re here to help you make the right decision for your trucking business.
Choosing a freight factoring company–whether you already factor elsewhere or are new to the whole idea–is a big deal. We’re here to help you make the right decision for your trucking business.
Factor with us
Learn more about TruckSmarter Factoring
TruckSmarter Factoring vs. OTR Factoring
Choosing a freight factoring company–whether you already factor elsewhere or are new to the whole idea–is a big deal. We’re here to help you make the right decision for your trucking business.
Factor with us
Why choose
TruckSmarter Factoring?
Size doesn’t matter
No long-term contracts
Simple, fast payment
make more
Size doesn’t matter
Size doesn’t matter
Size doesn’t matter
Whether you have a truck or a fleet you get one flat factoring rate and you always get non-recourse protection.
Whether you have a truck or a fleet you get one flat factoring rate and you always get non-recourse protection.
Whether you have a truck or a fleet you get one flat factoring rate and you always get non-recourse protection.
Invoice
Invoice
Invoice
2.5%
make more
Call Support
Call Support
No long-term contracts
No long-term contracts
No long-term contracts
If you decide we’re not a good fit, just give us 30 days notice! We won’t trap you into a contract or charge you to leave.
If you decide we’re not a good fit, just give us 30 days notice! We won’t trap you into a contract or charge you to leave.
If you decide we’re not a good fit, just give us 30 days notice! We won’t trap you into a contract or charge you to leave.
make more
Simple, fast payment
Simple, fast payment
Simple, fast payment
We offer one streamlined way to get paid fast–in an average of 2.9 hours. No maze of options with hidden fees. Just one easy system.
We offer one streamlined way to get paid fast–in an average of 2.9 hours. No maze of options with hidden fees. Just one easy system.
We offer one streamlined way to get paid fast–in an average of 2.9 hours. No maze of options with hidden fees. Just one easy system.
INVOICE AMOUNT
$7,212.24
Paid
make more
Feature
30-day contracts
Non-recourse protection
One payment method
Payment on weekends and holidays
Cash back debit card
Interest-bearing account
Fuel Discounts
Advances
ACH fees
Transfer fees
Instant transfers
Zero monthly minimums
Free load board
Free broker credit checks
Extraordinary customer service
1%
Coming soon!
$0
$15 fee for wires
Sometimes
.25%
$3 fee
$30 fee for wires
make more
TruckSmarter is the best factoring company out there — it’s simple, straightforward, and I often get paid in less than 20 minutes.
TruckSmarter is the best factoring company out there — it’s simple, straightforward, and I often get paid in less than 20 minutes.
TruckSmarter is the best factoring company out there — it’s simple, straightforward, and I
often get paid in less
than 20 minutes.
TruckSmarter is the best factoring company out there — it’s simple, straightforward, and I
often get paid in less
than 20 minutes.
– Ken T.
– Ken T.
Why choose
TruckSmarter Factoring?
Size doesn’t matter
No long-term contracts
Simple, fast payment
Why choose
TruckSmarter Factoring?
Why choose
TruckSmarter Factoring?
Size doesn’t matter
Size doesn’t matter
No long-term contracts
No long-term contracts
Simple, fast payment
Simple, fast payment
make more
Feature
Freedom from long-term contracts
Flat rate
Guaranteed non-recourse protection
One payment method
Payment on weekends and holidays
Cash back debit card
Interest-bearing account
Fuel Discounts
Advances
ACH fees
Transfer fees
Instant transfers
Zero monthly minimums
Free load board
Free broker credit checks
Extraordinary customer service
Annual contracts
Requires 60 days notice ahead of your contract end date or you’ll incur a fee. Fee amount depends on time left on your contract and monthly volume
Depends on the size of your company.
Min 2.75% for recourse factoring for a single-truck company
Min 3% for non-recourse starts for a single-truck company
Larger companies can get lower rates
Depends on which program you choose.
For a higher rate, you can get True Non-recourse protection
Several methods to choose from, each with various fees.
Do they pay more?
.25% cash back
$3 fee
$30 fee for wires
$25 Bolt payment
Just give us 30 days notice!
Whether you have a truck or a fleet you pay the same 2.5% rate.
You’re always covered with TruckSmarter.
Our unique banking system allows us to pay carriers in under 3 hrs directly to a TruckSmarter Checking Account. Easy, no hidden fees.
Plus, you get our free suite of banking tools that include extra discounts off fuel, a 1% cash back debit card, and more.
Don’t wait to get paid, even if it’s a weekend or bank holiday.
1% unlimited cash back
Coming soon!
Fuel discounts in the app. Extra 10 cents/gal for factoring users
Up to 50% of the load directly to TruckSmarter account available to spend on anything
$0
$15 fee for wires
Coming soon!
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. Deposits are FDIC-insured through Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 3.27% is effective as of 11/01/2023. This is a variable rate and may change after the account is opened. Minimum opening deposit is $100 and you must maintain an average balance of $1,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. Deposits are FDIC-insured through Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 3.27% is effective as of 11/01/2023. This is a variable rate and may change after the account is opened. Minimum opening deposit is $100 and you must maintain an average balance of $1,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. Deposits are FDIC-insured through Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 3.27% is effective as of 11/01/2023. This is a variable rate and may change after the account is opened. Minimum opening deposit is $100 and you must maintain an average balance of $1,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. Deposits are FDIC-insured through Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 3.27% is effective as of 11/01/2023. This is a variable rate and may change after the account is opened. Minimum opening deposit is $100 and you must maintain an average balance of $1,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
make more
Feature
Freedom from long-term contracts
Flat rate
Guaranteed non-recourse protection
One payment method
Payment on weekends and holidays
Cash back debit card
Interest-bearing account
Fuel Discounts
Advances
ACH fees
Transfer fees
Instant transfers
Zero monthly minimums
Free load board
Free broker credit checks
Extraordinary customer service
Annual contracts
Requires 60 days notice ahead of your contract end date or you’ll incur a fee. Fee amount depends on time left on your contract and monthly volume
Depends on the size of your company.
Min 2.75% for recourse factoring for a single-truck company
Min 3% for non-recourse starts for a single-truck company
Larger companies can get lower rates
Depends on which program you choose.
For a higher rate, you can get True Non-recourse protection
Several methods to choose from, each with various fees.
Do they pay more?
.25% cash back
$3 fee
$30 fee for wires
$25 Bolt payment
Just give us 30 days notice!
Whether you have a truck or a fleet you pay the same 2.5% rate.
You’re always covered with TruckSmarter.
Our unique banking system allows us to pay carriers in under 3 hrs directly to a TruckSmarter Checking Account. Easy, no hidden fees.
Plus, you get our free suite of banking tools that include extra discounts off fuel, a 1% cash back debit card, and more.
Don’t wait to get paid, even if it’s a weekend or bank holiday.
1% unlimited cash back
Coming soon!
Fuel discounts in the app. Extra 10 cents/gal for factoring users
Up to 50% of the load directly to TruckSmarter account available to spend on anything
$0
$15 fee for wires
Coming soon!
Products
Partners
Pricing
Resources
Company
Log in
Sign up
Feature
Freedom from long-term contracts
Flat rate
Guaranteed non-recourse protection
One payment method
Payment on weekends and holidays
Cash back debit card
Interest-bearing account
Fuel Discounts
Advances
ACH fees
Transfer fees
Instant transfers
Zero monthly minimums
Free load board
Free broker credit checks
Extraordinary customer service
Annual contracts
Requires 60 days notice ahead of your contract end date or you’ll incur a fee. amount depends on time left on your contract and monthly volume.
Depends on the size of your company.
Min 2.75% for recourse factoring for a single-truck company
Min 3% for non-recourse starts for a single-truck company
Larger companies can get lower rates.
Depends on which program you choose.
For a higher rate, you can get True Non-recourse protection.
Several methods to choose from, each with various fees.
Do they pay more?
.25% cash back
$30 fee for wires
$25 Bolt payment
Just give us 30 days notice!
Whether you have a truck or a fleet you pay the same 2.5% rate.
You’re always covered with TruckSmarter.
Our unique banking system allows us to pay carriers in under 3 hrs directly to a TruckSmarter Checking Account. Easy, no hidden fees.
Plus, you get our free suite of banking tools that include extra discounts off fuel, a 1% cash back debit card, and more.
Don’t wait to get paid, even if it’s a weekend or bank holiday.
1% unlimited cash back
Coming soon!
Fuel discounts in the app. Extra 10 cents/gal for factoring users
Up to 50% of the load directly to TruckSmarter account available to spend on anything
$0
$15 fee for wires
Coming soon!
Factoring resources
New to factoring?
Stuck in a contract
How to switch factoring companies
Pros & cons of factoring
make more
Feature
30-day contracts
Non-recourse protection
One payment method
Payment on weekends and holidays
Cash back debit card
Interest-bearing account
Fuel Discounts
Advances
ACH fees
Transfer fees
Instant transfers
Zero monthly minimums
Free load board
Free broker credit checks
Extraordinary customer service
Sometimes
.25%
$3 fee
$30 fee for wires
1%
Coming soon!
$0
$15 fee for wires