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If the bank charges for the wire/ach, it is likely the factor will pass that fee on to the customer. Whether or not they absorb it with a higher factoring rate, or are forthright in reflecting it as a bank fee would vary by lender. You should also check to see if your bank will charge for receiving the wire/ach.
We offer three ways to issue funds. I always suggest the first unless the money is of dire need immediately.
1) Funds transferred via ACH. We can order the ACH the same day. This has the funds transferred to your account at midnight that night with NO CHARGE.
2)Funds wired to your account. In this case we would wire the funds to your account typically within two hours. There is a $15 Bank fee for this. Very poor planning or a serious emergency would be the only situations I suggest a wire for. Hey every penny counts!
3)Hard copy check. I don’t reccomend this however some people still want a good ole’ fashion check in their hands. The check is sent next day air and has a cost of $20.
If you have any other questions please email me at stephen.ray@dbsaquaredinc.com