News & Information For and About Over-the-Road Truckers.

Did You Know, Banking & Financials Mike Worthy Did You Know, Banking & Financials Mike Worthy

The Factoring Company’s “Reserve Account” … Do Trucking Companies Need One?

If you have used factoring services, you are likely familiar with the requirement that you maintain a “reserve account”. Reserve accounts are established when a factoring company deducts a “reserve”, as much as 10% in addition to your factoring discount fee, from the amount they pay you.

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