Transportation Alliance Bank Rates & Review

Transportation Alliance Bank Review

Transportation Alliance Bank provides personal banking and business banking to the professional trucking market of the state of Utah.

Transportation Alliance Bank, Inc. was established in 1998 as an Industrial Loan Corporation or ILC. It is a wholly owned subsidiary of Flying J Inc., the nation's leading retailer of diesel fuel, and offers personal banking and business banking to the professional trucking market - both individual drivers and fleet motor carriers. TAB also offers financial products to other customers of Flying J, including RV'ers and other interstate highway travelers.

Personal banking

Deposit accounts offered by Transportation Alliance Bank include Premium Savings and NOW Checking. CD rates are offered from 3 months to 60 months.

PDCA Frequent Fueler MoneyCard NOW Account offers a debit card for professional drivers without annual fees or membership fees. This account offers free online banking, free check writing privileges and Frequent Fueler points.

The TAB Money Market Account is a relatively high-yield savings account. This account allows a certain number of withdrawals per statement cycle. Interest is compounded and credited every month. Also available are Health Savings Accounts, Traditional IRAs, Roth IRAs and Coverdell Education Savings Accounts,

Business banking

Business customers, whether in the transport industry or not, can choose between a variety of financial services. TAB offers a variety of financing options including Accounts Receivable Financing and Working Capital accounts for immediate cash flow needs as well as Equipment Financing for long term business needs.

A/R financing programs include credit and collection monitoring services, invoice creation, mailing and account maintenance, Online Reports, Check View Systems and Remote Imaging services. The bank provides equipment leases, equipment loans, payroll services, Working Capital (asset-based lending and lines of credit), business CDs, a business savings account and a business money market account.

Deposit insurance

Transportation Alliance Bank, Inc. has been insured by the Federal Deposit Insurance Corporation since 1998.

In July 2010, FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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