Huntington Bank Review: Account Good for You?

Overview

Based in Columbus, Ohio, Huntington Bank has nearly 1,000+ branches and over 1,800 ATMs throughout the Midwest.

It offers basic deposit accounts, plus:

• Mortgages
  
• Auto and personal loans
  
• Various insurance options
  
• Investment options

Huntington Bank has a free checking account (which is rare for traditional banks nowadays).

Plus, open a Relationship Savings or Relationship Money Market account and get the service fee waived by linking to a Huntington 5 or Huntington 25 Checking Account.

If you live in the Midwest, keep reading to see if Huntington Bank may benefit you.

Services

Whether you need a basic checking/savings account or just somewhere to park large amounts of money, Huntington Bank has a product for you.

We'll cover the different account types and the pros and cons below. But first, let's cover the current Huntington Bank promotions.

Top Promotional Codes for November 2019

Relationship Money Market Account - Earn 1.50% (0.87% APY)

Earn 1.50% (0.87% APY) guaranteed for 6 months when you open a new Relationship Money Market Account by January 5, 2020 with minimum opening deposit of $25,000. Opening deposit must be money not currently deposited at Huntington. Click for qualifying requirements.

Get Deal

Expires 1/5/2020

Business Checking 100 - $200 Bonus

Open a Huntington Business Checking 100 account online. Deposit at least $2,000 within 60 days of account opening. Your bonus of $200 will be deposited in your Business Checking 100 account after all requirements are met and your account is open for 90 days. This offer is available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Get Deal

Expires 12/31/2019

Unlimited Business Checking - $400 Bonus

Open a Huntington Unlimited Business Checking account online. Make total deposits of at least $5,000 within 60 days of account opening. Your bonus of $400 will be deposited in your Unlimited Business Checking account after all requirements are met and your account is open for 90 days. This offer is available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Get Deal

Expires 12/31/2019

Unlimited Plus Business Checking - $750 Bonus

Open a Huntington Unlimited Plus Business Checking account online. Make total deposits of at least $20,000 within 60 days of account opening. Your bonus of $750 will be deposited in your Unlimited Plus Business Checking account after all requirements are met and your account is open for 90 days. This offer is available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Get Deal

Expires 12/31/2019

Checking

© CreditDonkey

• Asterisk Free Checking: Good for beginner savers, the Asterisk Free Checking has no minimum required balance or monthly service fee. But this account doesn't pay any interest.

• Huntington 5 Checking: This account offers some interest. If you maintain a balance of $5,000, the $5 monthly fee will be waived.
  For the Huntington 5 and Huntington 25 checking accounts:
  Your savings or money market account balances can be combined to meet the minimum monthly balance requirement.
  

• Huntington 25 Checking: The Huntington 25 checking account offers even higher interest rates. But you need a minimum balance of $25,000 to waive the $25 monthly fee.

Savings

• Premier Savings: You earn basic interest rates with this simple savings account.

  The $4 monthly maintenance fee is waived with a $300 average balance or by linking your savings account to an Asterisk Free Checking Account.

• Relationship Savings: For slightly higher interest on your savings, the Relationship Savings requires a minimum balance of $2,500.

  You can link it to a Huntington 5 or 25 account to waive the $10 monthly service fee.

• Relationship Money Market Account: The MMA provides the "best" interest rates out of the Huntington banking products.

  You need an average balance of $25,000 or you can link it to a Huntington 5 or Huntington 25 account to waive the $25 monthly fee.

Reasons We Like Huntington Bank

• 24-hour overdraft grace period
  If you see that your account went over, you have 24 hours to get it back to a positive status to avoid an overdraft fee.

• Customer service available 24 hours, 7 days a week
  If you are the type of person who does their banking at 2 AM, Huntington Bank representatives will be able to help you should you have a problem.

• Deposit your checks without visiting a branch
  Using the Huntington Bank mobile app, simply enter the information and snap a picture of the front and back of the check to make the deposit.

• All-day deposit
  You have until midnight to make deposits via an ATM or the mobile app. Cash deposits will be available the same day as the day your deposit is received. Check deposits will be a part of your available balance the next business day after the day your deposit is received.

  For new Huntington customers of less than 30 days, the first $500 of a check is available the next business day with the remainder available after two business days.

• Open a checking account with no minimum balance required and no monthly fees
  If you are looking for a basic checking account without fees, the Asterisk Free Checking Account may suit your needs.

  You get the same benefits as other Huntington Bank products, including the 24-hour overdraft grace period, All Day Deposit, and free online banking.

• Sign up for Free Overdraft Protection Transfers
  This free program gives Huntington Bank permission to draw the funds from your linked account in the case of an overdraft.

  Your linked account must be a Huntington Bank savings or money market account.

• The Huntington Bank mobile app makes banking on the go easy
  Check your balances, transfer money, or pay bills on your phone. You can also use the "Quick Balance" feature to check your balance without logging into the full account.

  The app is available in the Apple and Google Play store.

  Is Huntington Bank safe?
  Your deposits with Huntington are FDIC insured up to $250,000. This protects your money should Huntington Bank go out of business.
  

• Free linked savings account
  Open a Relationship Savings or Relationship Money Market Account and get the service fee waived by linking to a Huntington 5 or Huntington 25 Checking account.

• Receive email and/or text alerts regarding your accounts
  Choose among a variety of alerts including low balance, deposit, withdrawal, balance below $0, and bill payment alerts.

Reasons to Look Elsewhere

• Huntington Bank is mostly located in the Midwest
  They don't offer online bank accounts nationwide like other banks. Which means, if you don't live in one of the states they service, you can't open an account.

• Steep minimum balance requirements on interest-bearing accounts
  For the Huntington 5 or Huntington 25 Checking accounts, the minimum balances needed to waive monthly service fees are high.

  There is a free checking option, but it doesn't earn interest.

• High balance required to earn higher interest
  To earn the "best" interest rates, you'll need a minimum balance of $25,000 in your Huntington Bank Relationship Money Market Account.

  If you want to bump the rate up even further, you'll have to link it to a Huntington Bank 5 or Huntington Bank 25 Checking Account. These accounts requires a $5,000 and $25,000 balance, respectively.

How It Compares

Fifth Third:
Also based in Ohio, Fifth Third serves customers in ten states in the South and Southeast.

It offer similar checking and savings programs. But Fifth Third has a hard and fast $1,500 minimum rule to avoid paying hefty maintenance fees.

	Huntington Bank	Fifth Third Bank
	SPECIAL OFFER Relationship Money Market Account - Earn 1.50% (0.87% APY) - Learn More	SPECIAL OFFER Fifth Third Business Checking Account - $500 Bonus - Learn More
	Benefits and Features
Savings	0.02% APY (Premier Savings). $4 monthly fee, unless you have 1) daily average balance of $300, or 2) linked to a Huntington Asterisk-Free Checking Account. Minimum deposit of $50.	0.01% APY. No minimum deposit. $5 per month unless 1) you have a Fifth Third Checking Account, or 2) You maintain an average monthly balance of $500 or more, or 3) You or someone under age 18 is an owner of the account, 4) You are enrolled in Fifth Third Military Banking.
CD	Promotional CD account 7-month term; 1.25% APY. Minimum deposit $1,000. Otherwise, regular CD APY range from 0.01% - 0.55% for amounts ranging from $1,000 - $100,000.	0.05% - 0.60% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 0.50% - 1.25% at 5, 9 and 15 months, minimum deposit of $5,000.
Money Market	0.50% APY (0.57% APY - 0.62% APY Relationship rates depending on the account) for amounts of $25,000 to $2,000,000. $25 monthly maintenance fee unless there is 1) average daily balance of $25,000, or 2) linked to a Huntington 5 or Huntington 25 Checking account.	0.01% - 0.10% APY Standard Rate (0.02% - 0.20% APY Relationship Rate). No minimum deposit. Monthly service charge of $5, unless 1) you have a Fifth Third Checking Account or 2) you maintain an average monthly balance of $500 or more, or 3) you or someone under age 18 is an owner of the account, or 4) you are enrolled in Fifth Third Military Banking
Customer Service	24/7	Mon-Fri 7:00 am - 8:00 pm (EST) Sat 8:30 am - 5:00 pm (EST)
ATMs	Over 1,800 ATMs	Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.
Locations	Nearly 1,000 branches	1,300 branches, including 100 Bank Mart® locations across the country
	Relationship Money Market Account - Earn 1.50% (0.87% APY) Business Checking 100 - $200 Bonus Unlimited Business Checking - $400 Bonus	Fifth Third Business Checking Account - $500 Bonus Fifth Third Checking Account - $250 Bonus Fifth Third Checking Account - Up to $500 Bonus
Huntington Bank: Pricing information from published website as of 7/17/2019 based on 43215 zip code. Fifth Third Bank: Pricing information from published website as of 11/15/2019 based on 45202 zip code.

PNC:
PNC branches are spread throughout 19 states and has 9,000 ATMs nationwide.

They offer a unique product called the Virtual Wallet, which combines a checking, savings, and "growth" account. This account helps you earn the most interest on your money as you learn to save.

PNC has hefty monthly maintenance fees and tough requirements to waive the fees, however.

	Huntington Bank	PNC Bank
	SPECIAL OFFER Relationship Money Market Account - Earn 1.50% (0.87% APY) - Learn More	SPECIAL OFFER Virtual Wallet with Performance Select Checking - $300 Cash Bonus - Learn More
	Benefits and Features
Savings	0.02% APY (Premier Savings). $4 monthly fee, unless you have 1) daily average balance of $300, or 2) linked to a Huntington Asterisk-Free Checking Account. Minimum deposit of $50.	0.01% APY (0.05% APY - 0.10% APY Relationship rates) minimum deposit of $25. $5 monthly service charge unless you have 1) $300 monthly average monthly balance, or 2) if you are under 18 years old, or 3) set up an Auto Savings transfer of $25 or more each month from your PNC Checking account to your Savings account; 2.00% APY High Yield Savings. No minimum balance. No minimum deposit. $0 Monthly charge. Minimum balance to earn interest is $1.00.
CD	Promotional CD account 7-month term; 1.25% APY. Minimum deposit $1,000. Otherwise, regular CD APY range from 0.01% - 0.55% for amounts ranging from $1,000 - $100,000.	0.04% - 1.00% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 7 days to 10 years.
Money Market	0.50% APY (0.57% APY - 0.62% APY Relationship rates depending on the account) for amounts of $25,000 to $2,000,000. $25 monthly maintenance fee unless there is 1) average daily balance of $25,000, or 2) linked to a Huntington 5 or Huntington 25 Checking account.	0.02% - 0.16% APY. Minimum deposit is $100. Maximum deposit is $10,000. Monthly service charge of $12 unless you have $5,000 average monthly balance.
Customer Service	24/7	Mon-Fri 7:00 am - 10:00 pm, (ET) Sat & Sun 8:00 am - 5:00 pm (ET)
ATMs	Over 1,800 ATMs	15,000 ATMs across 37 states and the District of Columbia.
Locations	Nearly 1,000 branches	2,400 PNC branches across 20 states.
	Relationship Money Market Account - Earn 1.50% (0.87% APY) Business Checking 100 - $200 Bonus Unlimited Business Checking - $400 Bonus	Virtual Wallet with Performance Select Checking - $300 Cash Bonus Performance Select Checking - $300 Cash Bonus Virtual Wallet with Performance Spend Checking - $200 Cash Bonus
Huntington Bank: Pricing information from published website as of 7/17/2019 based on 43215 zip code. PNC Bank: Pricing information from published website as of 11/15/2019 based on 19899 zip code.

Citizens Bank:
Predominately located in the Northeast, Citizens Bank is good for those looking for a basic checking or savings account.

Their premium accounts offer minimal interest rates. But they offer a motivational savings program to help you get ahead.

	Huntington Bank	Citizens Bank
	SPECIAL OFFER Relationship Money Market Account - Earn 1.50% (0.87% APY) - Learn More	SPECIAL OFFER GoalTrack Savings Program – up to $250 in Gift Cards - Learn More
	Benefits and Features
Savings	0.02% APY (Premier Savings). $4 monthly fee, unless you have 1) daily average balance of $300, or 2) linked to a Huntington Asterisk-Free Checking Account. Minimum deposit of $50.	Several types of Savings accounts. 0.01% - 0.07% APY. No minimum opening deposit. $4.99 monthly maintenance fee, unless you have a minimum daily balance of $200 in your account, or have a qualifying Citizens Bank checkings account .
CD	Promotional CD account 7-month term; 1.25% APY. Minimum deposit $1,000. Otherwise, regular CD APY range from 0.01% - 0.55% for amounts ranging from $1,000 - $100,000.	Several types of CD accounts. Terms ranging from 12 - 24 months. 0.10% - 1.05% APY. Some APY rates may require qualifying Citizens Bank Checking Account. Minimum opening deposit $1000 for all accounts.
Money Market	0.50% APY (0.57% APY - 0.62% APY Relationship rates depending on the account) for amounts of $25,000 to $2,000,000. $25 monthly maintenance fee unless there is 1) average daily balance of $25,000, or 2) linked to a Huntington 5 or Huntington 25 Checking account.	Several types of Money Market accounts. 0.01% - 0.12% APY. No minimum opening deposit. Monthly maintenance fee of $10, unless you have a minimum daily balance of $2500. Other Money Market accounts have no monthly maintenance fee but require qualifying Citizens Bank Checking Account.
Customer Service	24/7	24/7 Telephone Customer Service
ATMs	Over 1,800 ATMs	More than 3100 ATMs across 11 states.
Locations	Nearly 1,000 branches	More than 1100 branches across the country
	Relationship Money Market Account - Earn 1.50% (0.87% APY) Business Checking 100 - $200 Bonus Unlimited Business Checking - $400 Bonus	GoalTrack Savings Program – up to $250 in Gift Cards Checking Account - $300 Bonus Checking and Savings Account - $600 Bonus
Huntington Bank: Pricing information from published website as of 7/17/2019 based on 43215 zip code. Citizens Bank: Pricing information from published website as of 11/16/2019 based on 10011 zip code.

Bottom Line

Every consumer has different banking needs. Consider how much you keep in your bank accounts normally to determine which bank offers the best deal.

Don't focus strictly on interest rates, as many more factors come into play. If you pay excessive monthly fees, it can take away from the interest earned.

Choose the bank that offers the right balance between the required balance, monthly fees, and interest rates to make the most out of your finances.