Payment methods

What is ACH?

ACH (Automated Clearing House) is an electronic funds transfer method that allows payments to be delivered securely and efficiently through the ACH Network. The network processes and settles electronic transactions between financial institutions.

What are the benefits of ACH?

ACH payments offer several advantages including:

• Eliminating the need to handle paper checks
• Reduces any payment problems due to lost, stolen or misdirected checks
• Eliminates mail delays
• Provides for greater payment certainty for cash planning
• Provides an opportunity to electronically update and streamline your cash application and receivables operations

How do I receive my remittance details?

For ACH/EFT payments, ConocoPhillips sends payment and remittance information electronically through our bank. Your bank receives the payment in the NACHA format selected on your enrollment form. The format you choose determines how remittance details are provided with your payment.

You may also receive remittance details by email or access them through the ConocoPhillips Taulia Supplier Portal. For more information about using Taulia, visit the ConocoPhillips Taulia Portal Information Website.

NACHA Format Options:

CCD Format – This format sends the payment amount only and does not include remittance details with the payment. If you choose CCD, we recommend signing up for email remittance or accessing your remittance details through Taulia. Please include an email address on the enrollment form.

CTX Format – This format sends the payment and remittance details together electronically. Because CTX includes the remittance information with the payment, it is the recommended ACH/EFT format.

If questions remain, we recommend that you review the NACHA Format options with your bank or financial institution.

How do I sign up?

To enroll in ACH/EFT, complete the ACH Enrollment Form and submit it using the instructions provided on the form.

ACH Enrollment Form