Huntington helps exporters with a variety of payment and credit mitigation services through our extensive correspondent bank network, our state-of-the-art technology and our experienced staff. Huntington can make international trade more efficient and more profitable while managing your risk.
In order to meet today’s competitive demands, even local businesses
are forced to think globally. Huntington Foreign Exchange helps give
you the global competitive edge you need.
There are times when you may require a bank to back up an obligation
of a third party. You can do this with a Huntington Standby Letter of
Credit issued in your favor.
Are your overseas buyers slow in paying? Do they want extended terms?
Do foreign suppliers hesitate to sell to you on open account? Huntington
acts as your agent to manage the risk on both sides.
Reduce the risk of your overseas buyer’s non-payment or slow
payment with a Letter of Credit from your buyer’s bank. Huntington
acts as your conduit to the foreign bank and follows up to ensure you
get paid quickly.
Wire Transfer is a real-time means to transfer and receive funds and
supporting information between banks within the United States and around
the world with the highest level of security.
If you are importing, exporting or purchasing goods domestically, you
may need financing for up to 180 days. A Banker's Acceptance is a low
cost loan over the normal cash conversion cycle for a specific shipment
or lot of inventory.
Do you receive checks drawn on foreign banks or denominated in a foreign
currency? Huntington will clear the checks and deposit the money into
Huntington provides a full range of Export Financing options to help
you with your export sales.
Do you receive checks drawn on Canadian banks? Huntington’s arrangement
with Royal Bank of Canada can save you several days mail float, while
letting you deposit the funds into your Huntington Canadian account
to avoid the cost of foreign exchange.