Freight factoring rates: what you'll pay per truck, per month, all fees in
By Edwin Horton, Truck dispatcher · Updated
The rate on a factoring quote is the number everyone compares, and it's rarely what you end up paying. Freight factoring rates come with a list of other charges, and the real cost is the monthly total spread across your trucks. This page gives sourced ranges, a forecast you can run, and a line-by-line guide to a quote.
Sourced ranges, 2026
| Item | Range | Source |
|---|---|---|
| Recourse rate | 1.5% to 3.0% per invoice | Trade coverage Freight factoring rate and fee ranges (trade coverage)Recourse 1.5-3.0%, non-recourse 2.5-5.0% per invoice; ACH $2-15, wire $10-35FreightWaves contributed article, July 1, 2026: recourse 1.5% to 3.0% per invoice, non-recourse 2.5% to 5.0% (spot non-recourse 3% to 6%); ACH $2 to $15 and wire $10 to $35 per transfer; expedited funding 0.25% to 1.0%; credit checks $10 to $50 per customer; setup $100 to $500; minimum-volume penalties $250 to $1,000+ a month; early termination $500 to $5,000+. Ranges from industry sources, not a survey.FreightWaves (contributed), Jul 1, 2026, 2026Checked Oct 2026 |
| Non-recourse rate | 2.5% to 5.0% per invoice | Same source |
| ACH transfer | $2 to $15 | Same source |
| Wire transfer | $10 to $35 | Same source |
| Monthly minimum shortfall | $250 to $1,000+ a month | Same source |
| Early termination | $500 to $5,000+ | Same source |
These come from a contributed FreightWaves article dated July 1, 2026, which draws on industry sources, not a survey. Treat them as a check on a quote, not a prediction. RTS Financial, the factor we refer carriers to, doesn't publish its rate; it quotes after underwriting RTS Financial advanceMore than 90% of the invoice within 24 hours; the rest, minus a fee, after the customer paysRTS Financial FAQ: RTS purchases the invoice at a factoring rate it does not publish and advances more than 90 percent of the total within 24 hours. Once the invoice is paid, RTS sends the remaining balance minus a fee. Final rates and approval depend on underwriting and required contracts.RTS Financial, FAQs, 2026Checked Oct 2026.
Monthly fee forecast
Enter your own invoices. The default is an EXAMPLE three-truck van fleet with 36 invoices a month.
Monthly fee forecast
EXAMPLE, CHANGE IT- Invoices factored
- $79,200
- Percentage fee2.5% of volume
- $1,980
- Transfer fees12 x $10
- $120
- Other fees
- $0
- Per truck
- $700
- Monthly cost
- $2,100
All-in, that's 2.65% of what you factor. Compare quotes on this number, not the headline rate.
On the EXAMPLE numbers, the percentage fee is the big line, but transfer fees still add over a hundred dollars a month. Watch the all-in percentage at the bottom of the result. That's the number to compare between quotes.
Put it next to your other per-truck costs. If the forecast says $700 per truck per month, compare that with the truck's insurance or its monthly fuel. Factoring is an operating cost like any other, and it belongs in your cost per mile.
Hidden fees checklist
Ask about each one before you sign. Not every factor charges all of them, and some charge ones not on this list.
- Setup or application fee, charged once at the start
- Credit check fee for each new broker
- ACH, wire or same-day funding fee, per invoice or per payment
- Monthly minimum volume, and the fee if you fall short
- Invoice processing or postage fee for mailed invoices
- Late-pay or tiered fees, where the rate rises each extra period a broker takes
- Recourse or chargeback fee when an unpaid invoice comes back to you
- Early termination fee for leaving before the term ends
- Fuel card or software fees, if bundled
A factor that writes "no hidden fees" should be able to list every fee in one paragraph. If it can't, ask for the fee schedule as part of the contract.
Reading a rate quote, line by line
Factoring rate. The percentage of each invoice the factor keeps. Check whether it's flat or tiered by days outstanding. A "1.5% for 15 days, then 0.5% for each extra 10 days" quote costs 3% on a 45-day broker.
Advance rate. How much you get up front. A higher advance means more cash on day one, but it doesn't lower the fee. RTS Financial publishes advances of more than 90% RTS Financial advanceMore than 90% of the invoice within 24 hours; the rest, minus a fee, after the customer paysRTS Financial FAQ: RTS purchases the invoice at a factoring rate it does not publish and advances more than 90 percent of the total within 24 hours. Once the invoice is paid, RTS sends the remaining balance minus a fee. Final rates and approval depend on underwriting and required contracts.RTS Financial, FAQs, 2026Checked Oct 2026.
Reserve. The part held back until the broker pays, minus the fee. Ask how often reserves are released: per invoice, weekly or monthly.
Recourse terms. On a recourse deal, how many days until an unpaid invoice comes back to you, and how it's charged back. On non-recourse, which events are covered. Our recourse vs non-recourse guide explains the fine print.
Term and notice. Contract length, auto-renewal, notice period. These decide what leaving costs.
Volume commitments. Monthly minimums and all-invoice clauses.
What drives your rate
Broker credit. The biggest factor. You're selling what brokers owe, so their payment history is the risk. A book of large, fast-paying brokers gets a better rate than a book of new, small ones.
Monthly volume. More invoices usually means a lower rate. A fleet adding trucks should ask for volume tiers and renegotiate as it crosses them.
Invoice size. Lots of small invoices cost more to process than a few large ones. A box truck fleet hauling $700 loads may see a higher rate than a reefer fleet billing $3,500.
Recourse choice. Non-recourse costs more. An RTS Financial article puts the premium at sometimes almost a full percentage point .
Contract length. Longer commitments can buy a lower rate. Weigh that against what leaving early costs.
Your paperwork. A fleet that sends clean, complete documents is cheaper to factor. Some factors price that in after a few months of history; ask whether they review rates.
When a lower rate costs more
A quote at 1.9% with $15 per transfer, a $500 monthly minimum and a two-year term can cost more than a 2.6% quote with free ACH and no term. Put both into the forecast above with your real invoice count. The all-in percentage settles it.
A per-truck view
EXAMPLE A four-truck fleet invoices $72,000 a month. At 2.5% with $10 ACH fees on 16 payments and no minimum, the monthly cost is $1,960, or $490 per truck. Dispatch for the same fleet at our fleet rate is a separate line on the P&L, and the driver's pay is another. Seen per truck, factoring is a smaller line than insurance and a bigger one than the ELD.
My opinion: if a quote is more than half a point above the range for your recourse type, ask why in writing. Sometimes it's your brokers. Sometimes it's just the opening number.
Before you pick a factor, see how the main companies compare on the same fields in our factoring companies comparison.
This page summarizes published ranges and general practice. It isn't financial advice; your contract sets your actual rate and fees.
Factoring rate questions
01What are typical freight factoring rates?
Trade coverage published in July 2026 puts recourse factoring at about 1.5% to 3.0% per invoice and non-recourse at 2.5% to 5.0%. Those ranges come from industry sources rather than a survey, so use them to check whether a quote is in the normal band.
02Do fleets get lower factoring rates?
Often, because rates usually drop as monthly volume rises. A fleet invoicing $80,000 a month is worth more to a factor than a single truck at $25,000. Ask each factor for its volume tiers in writing, and whether adding trucks moves you to a lower rate automatically.
03Do factoring rates depend on broker credit?
Yes. The factor is buying what your brokers owe, so brokers that pay reliably and quickly cost less to factor. Hauling for weaker brokers can raise your rate, shorten your recourse window or get those brokers declined entirely.
04What is an ACH or wire fee in factoring?
It's a charge for sending your advance or reserve to your bank. ACH is cheaper and slower; a wire is faster and costs more. Trade coverage lists ACH at $2 to $15 and wires at $10 to $35 per transfer. Ask whether fees apply per invoice or per payment batch.
05Is non-recourse factoring more expensive?
Usually. The factor carries the loss if an approved broker goes under, and it prices that in. An RTS Financial article says non-recourse agreements often carry a higher rate, sometimes almost a full percentage point more. Whether that's worth it depends on your brokers.