Supplier EFT Payment Program
We would like to enhance our business relationship and streamline the payment process by paying you electronically through Electronic Funds Transfer (EFT). If you already receive payment electronically from others, you can certainly appreciate the reduction in errors and the resulting cost savings.
If you are not familiar with electronic payments, here is some additional information:
- Funds will be available to you immediately on the payment date.
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- You will decide with your bank on how much additional remittance information you wish to receive and how much your bank is able to provide to you. Huntsman can provide information to your bank in two standard electronic formats:
CTX – the payment amount and remittance detail are sent to your bank and the payment is deposited into your account. The remittance detail may then be sent to you electronically or in print format (fax or mail) depending on your receiving capabilities and the communication methods available from your bank.
CCD – the payment amount is deposited into your bank account, but no remittance detail is provided – similar to the direct deposit of a paycheck.
CCD+ – the payment amount and one 80 character information field is sent to your bank.
If your bank cannot process electronic payment transactions, you may want to consider opening an account at a bank capable of receiving electronic payments. The immediate availability of your money and access to the remittance detail is worth it! Once you have this capability in place, other companies will also be able to pay you electronically through the same account.
To enroll in Huntsman's electronic payment program, simply complete the following two steps:
- Complete the online EFT Enrollment Form
- Agree to the Terms & Conditions for Electronic Funds Transfers
Electronic payments can be expected to begin approximately 10 days after receipt of your form. If your company has multiple remittance locations, you may also have Huntsman consolidate all of your payments and direct them to a single account.
If you have any questions concerning the program, please contact Huntsman's Finance Department, Accounts Payable at (713) 235-6049.
Huntsman Finance Management