Did you know you have choices in how you receive your funds from Interstate Capital?
You deserve a factoring program that fits your business needs. That’s why Interstate Capital gives you options to suit your situation: you won’t get a “one-size-fits-all” program here. You decide which invoices to factor, you decide if you want to handle your invoicing or not, and you decide how and when you would like to receive your money. You’re free to change funding options whenever you’d like.
When do you need your funds?
Same day? Choose Wire Transfer.
This electronic transfer of funds from our bank account can get to your bank account or your designated cash office can arrive as quickly as two hours. You are entitled to one free wire transfer each each week and up to $20 for each additional wire transfer. The deadline for wire transfers is 10:00 a.m. Central Time, Monday through Friday (except for Jan. 1, July 4, Dec. 25, Memorial Day, Labor Day, Thanksgiving).
Overnight? Choose ACH Direct Deposit.
Automated Clearing House or “ACH” transfers usually take 24 hours. This is a free and unlimited service for you at Interstate Capital ($5 Canadian per deposit). The deadline for ACH direct deposit requests is 1:00 p.m. Central Time Monday through Friday.
Next day or later? Choose Check.
Interstate Capital can issue you a paper check for free when you request it by 9:00 Central Time. We can send it to you by mail to wherever you’d like it to be sent or we can deposit the check to your account in selected banks here at our headquarters. If you need it by the next day’s delivery, additional charges may apply.
Within a few hours? Choose Comchek.*
You can request your funds be issued by Comchek, widely used for fuel advances and access to cash. You will receive a code that can be redeemed for cash at selected truck stops or other ready cash businesses. You can request a Comchek anytime during Interstate Capital’s working hours (9:00 am to 4:00 pm, Central Time, Monday through Friday). Typically, your Comchek code will be sent to you within two hours, depending on the length of time needed for verification of the load. Comchek fees are typically $25.
Within a few hours? Choose Fuel Cards.*
When you want your advance to go directly for diesel fuel and other expenses on the road, request your funds to go on your Interstate Capital Fuel Discount EFS Card. You can ask your Account Manager to upload your funds directly to your fuel card. Uploading funds on your fuel card typically costs $5 per transaction.
For more information about our different methods of funding, speak with your Account Manager today!
* Fuel Card funding options are for Transportation clients only.