Suppliers

Huntington National Bank through its Corporate Procurement team, is committed to developing supplier relationships that help drive efficiency and profitability. Huntington is committed to the communities it serves and has developed strategic sourcing strategies inclusive of local, minority, women, LGBT, disability and veteran owned businesses. Huntington awards business to its suppliers through a competitive process, based on the best overall value to Huntington, including quality, experience, capability, local community commitment, price and relationship.

If you are interested in introducing your company to Huntington as a potential supplier, visit Huntington Zycus Supplier Network Registration.

Business Standards

Huntington strongly encourages automation in the procure-to-pay cycle through the following processes:

  • electronic requests for proposal
  • online catalogs
  • transmission of electronic purchase orders
  • receipt of electronic invoicing
  • electronic payments via Card or ACH

Purchase orders are subject to Huntington's standard purchase terms and conditions. Huntington's standard ACH payment terms are 45 days from the date it receives an accurate invoice, unless alternate payment terms have been negotiated and are included in the supplier's written agreement with Huntington.

For quicker payment, Suppliers are encouraged to establish a Huntington Virtual Card which streamlines the payment process, typically within 10 days of Huntington’s receipt of an accurate invoice. Card payments will be accompanied by an email notification containing relevant remittance information.

For tax reporting purposes, all suppliers must provide a completed, signed and dated IRS Form W-9 in order to receive payments. An IRS Form 1099-MISC will be issued if reportable payments are equal to or greater than $600 in a calendar year. Submit the Form W-9 to: accounts.payable@huntington.com.

Supplier Risk Management and Performance

In compliance with regulatory guidelines and leading business practices, Huntington conducts initial and ongoing risk evaluations of its suppliers. Initial due diligence reviews of potential suppliers are performed based upon the scope of services to be provided and the potential risk to Huntington associated with these services. Due diligence reviews are performed in an effort to:

  • Understand goals and objectives surrounding the proposed engagement in conjunction with the total cost of ownership
  • Validate that activities (i) are to be conducted in a safe and sound manner; (ii) comply with regulatory guidance; and (iii) are in line with industry leading business practices
  • Identify, assess, quantify and mitigate risks that may be associated with services to be provided
  • Understand how controls and performance expectations will be actively managed and monitored on an ongoing basis


Designated Point of Contact for Computer-Security Incidents

Huntington's suppliers who are bank service providers may need to notify us when they experience a computer-security incident. Such notifications should be sent to IncidentReport@huntington.com. Please see OCC Bulletin 2021-55 for more information.

The Strategic Sourcing process may include:

  • Participating in a Request for Information (RFI), Request for Proposal (RFP), reverse auction and/or other method of supplier selection
  • Completing risk questionnaire surveys to review risk areas determined to be applicable to the service
  • Reviewing supporting documentation and/or on-site review to validate responses to surveys
  • Presenting a product, service, technology and/or system architecture overview, as applicable
  • Providing names of clients to be contacted as reference checks
  • Supplying proof of employee background checks, as applicable
  • Executing a Huntington Master Services Agreement

Huntington's Corporate Procurement team partners with its business segments to develop robust supplier risk and performance management plans. In accordance with regulatory guidance, these plans include an evaluation of risks inherent to a particular product or service and the control environment established by the supplier, as well as a defined process to periodically monitor the supplier's performance. Supplier risk and performance management plans may include on- site visits to a supplier location, periodic review of the effectiveness of security and disaster recovery policies, ongoing monitoring of a company's financial health, review of audit reports and other evidence of effectiveness of internal or external controls and evaluation of service level agreements and key performance indicators.

Formal supplier performance reviews may also be conducted through periodic meetings for significant supplier relationships where Huntington strives to:

  • Provide a venue for problem resolution and continuous improvement
  • Improve communication between Huntington and its suppliers
  • Align supplier's goals and objectives with Huntington's
  • Measure established performance expectations and service level agreements
  • Identify opportunities to leverage supplier spend and improve cost savings
  • Drive continuous improvement

Supplier Ethics

Huntington is dedicated to uncompromising integrity in all that it does and how it relates to its internal colleagues as well as persons outside Huntington. The Huntington Service Provider Code of Conduct reflects the values that define Huntington and the principle that even the appearance of impropriety must be consistently avoided. To that end, Huntington requires that all suppliers conduct themselves with the same high standards of honesty, fairness and integrity. Suppliers must abide by all applicable federal, state and local laws, rules and regulations while assuring that all services are conducted with a high degree of professionalism and in accordance with the terms and conditions of the relationship. Breaches of the Code may be reported by calling (800) 620-8601.