MyFactor Wallet
MyFactor Wallet
Your money moves when you do
Trucking doesn’t stop at 5 PM on a Friday, but traditional bank transfers do. Drop a load on Saturday night and you could be waiting until Tuesday to see your money. That delay hits right when you need cash for fuel, repairs, or your next load.
MyFactor Wallet puts your factoring funds in your hands the moment they’re approved. Money goes straight into your digital wallet, available around the clock, with no bank cutoff times to beat. From there, pay your drivers, cover expenses, or move money to your bank whenever you choose.
Because MyFactor Wallet is connected directly to your factoring account, there’s no extra setup, no switching between apps, and no waiting on wire transfers. Your invoices, funding, and payments all live in one place.
- 24/7Access your money anytime
- $0Transfer fees inside your wallet
- 365 daysNo bank holidays or cutoff times
- 1 appFunding and payments together
Who it’s for
Built for businesses that never stop moving
Whether you’re a single owner-operator or managing payments for a full fleet, MyFactor Wallet gives you fast, flexible access to your money.
MyFactor factoring clients
The Wallet comes with your factoring account; there is nothing separate to sign up for.
How money moves into your Wallet
Invoice approved
MyFactor verifies your load.
Funds land
The advance goes into your MyFactor Wallet right away, nights and weekends included.
You decide
Pay drivers, cover expenses, or move it to your bank whenever you choose.
Wallet or bank, your choice
| MyFactor Wallet | Your bank via Real Time Payments | |
|---|---|---|
| Speed | Immediately on approval | Seconds after release |
| Available | 24/7, 365 days | 24/7, 365 days |
| Best for | Paying drivers and expenses from one place | Keeping everything in your existing account |
FAQ
Questions we get asked
Is there a fee to move money inside the Wallet?
No, transfers inside the Wallet are $0.
Can I use the Wallet without factoring with MyFactor?
No. The Wallet is for MyFactor factoring clients.