DISCLOSURES
Huntington Instant Payments is a registered service mark of Huntington Bancshares Incorporated.
Huntington Instant Payments℠ (HIP)
Receive and send funds securely within seconds
Claim more control over your business’s cash flow with Huntington Instant Payments (HIP), a new system that makes payments immediate and predictable
Payments made simple
Quick
Secure
Informative
The power of enhanced data sharing and communication
Huntington Instant Payments simplify the payment process by digitizing the movement of funds and the exchange of information to create transparency between the payer and payee, reducing cash float and improving the reconciliation process.
How Huntington Instant Payments benefits your business
an innovative solution allowing for accurate, instant payments to improve cash flow and keep your business moving. See how the key features of Huntington Instant Payments positively impact your business.
Efficient reconcilement
Improved communication
Enhanced access
Request for payment functionality
Streamlined processes
Rapid delivery
Punctual payments
Improved cash flow
Huntington Instant Payments FAQ
What is a Huntington Instant Payment?
Huntington Instant Payments support how people live and work today by delivering a faster payment solution. Huntington participates in The Clearing House (TCH) Real Time Payments (RTP) network. TCH is a payments company that is owned by the largest commercial banks, including Huntington, and they developed the RTP network to address the increased demand for faster, safer payment methods. The TCH RTP network clears and settles payments 24/7/365, allowing for the prompt delivery and availability of funds.
How do I receive an instant payment?
Simply provide your Huntington routing number and account number to a payer that is able to send credits through the TCH RTP network. Huntington Instant Payments will be directly credited into your account similar to other types of electronic transactions. You will be able to view your transaction details in online banking or on your account statement.
How do I receive a Request for Payment message?
Provide your Huntington routing number and account number to a biller that is able to send RFP messages through the TCH RTP network. You will be able to view your RFP messages in Payment Center, BOL, or ROL and can respond with a Huntington Instant Payment.
How do I send a Huntington Instant Payment?
Payments can be sent using Huntington's Payment Center and/or Integrated Payables Treasury Management solutions.
How do I view my HIP?
You will be able to view your transaction details through an online and mobile banking portal, or on your account statement.
Are Huntington Instant Payments secure?
Yes. HIP transactions move directly through banking channels and are protected by bank security measures.
How do Huntington Instant Payments differ from other types of transactions?
Huntington Instant Payments are hyphenate, allowing you to optimize your cash flows with immediate payment and settlement. Credits posted to your account will be available within seconds. HIP also provides improved communication between the payer and payee by giving the payer the option to include additional information like remittance data with the transaction.
How long do I have to wait until the funds are available in my deposit account?
Since the HIP network transacts 24/7/365, Huntington Instant Payment credits are available in your Huntington deposit account within seconds.
What if I do not want to allow Huntington Instant Payment credits to post to my account?
Business customers may contact Huntington at 800-480-2001 regarding a dispute or to request that a block be placed on their account to prevent all HIP credits from posting.
Who can use the Huntington Instant Payment network?
The HIP network is designed to address unmet customer needs across all customer segments (B2B, B2C, C2B, P2P, A2A, G2C, etc.). Consumers, businesses and the government can use the HIP network in different ways. Consumer accounts are able to receive Huntington Instant Payments. Business and Government accounts are able to send and receive HIPs.
Are there transaction limits?
Yes, the credit transfer limit is currently $10,000,000.
Are Huntington Instant Payment funds considered final?
Once funds are authorized and submitted, funds may not be recalled, but the network does help facilitate communication around return of funds sent in error.
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