Business Letter for Electronic Funds Transfer :

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This letter should be typed in the official letter-head of the company.

The Company's Name

Door Number and Street's Name,
Area Name,
City.
Postal Code : XXXXXX
Phone Number : 0000 - 123456789


TO :

The Receiver's Name,
Door Number and Street's Name,
Area Name,
City.
Postal Code : XXXXXXX


Date :


Reference :


Dear _____________,


I understand from our phone conversation of April 22 and my further discussions with your accounts payable department that your company pays invoices on a 55-day cycle. Brighton consumer payment agreements have a net term of 30 days, with discounts allowed for early payment. Thus, your account has consistently been past due 30-60 days, and in some cases, 90 days.


The discounts are two percent for Electronic Funds Transfer prompt payment and one percent for payment received on or before the 15th day following the invoice reference date. A late payment charge is assessed if payment is received beyond the 30-day net period.


I’m enclosing some information on Electronic Funds Transfer (EFT) that you may find helpful in deciding how best to meet the terms of your consumer payment agreement. I hope we can work together to eliminate the past-due balances and to keep payments within Brighton’s 30-day guidelines.


Yours Sincerely,


(The Sender's Signature)


The Sender's Name


Enc. :

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Business Letter for Electronic Funds Transfer
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