Huntington Bank Review

Huntington Bank provides great accounts benefits like free Overdraft Protection Transfers. Read on to see if this bank is right for you.

Overview

Based in Columbus, Ohio, Huntington Bank has nearly 1,200+ branches and over 1,700 ATMs throughout the Midwest.

It offers basic deposit accounts, plus:

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

Huntington Bank has a Asterisk-Free Checking® (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 Perks or Huntington Platinum Perks 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

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 Perks Checking℠: This account offers some interest. If you maintain a balance of $5,000, the $10 monthly fee will be waived.
  For the Huntington Perks and Huntington Platinum Perks checking accounts:
  Your savings or money market account balances can be combined to meet the minimum monthly balance requirement.
  

• Huntington Platinum Perks Checking℠: The Huntington Platinum Perks 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 Perks or Platinum Perks 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 Perks or Huntington Platinum Perks account to waive the $25 monthly fee.

Overdraft Features

One of the unique things about Huntington Bank is that they offer several options to help you avoid overdraft fees.

• 24-Hour Grace®
  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.^[1]

• $50 Safety Zone
  If you accidentally overdraw your account by $50 or less, you won't be charged an overdraft fee.^[2] If you're overdrawn by more than $50, you can fix it with 24-Hour Grace®.

• Free Overdraft Protection Transfers
  If you link a Huntington Bank savings or money market account, money can be transferred to cover overdrafts in increments of $100. There is $0 transfer fee.

Huntington Bank Checking Features

Huntington Bank offers a tons of features that show they're truly looking out for their customers.

• Standby Cash®
  You can qualify for a $100 to $1,000 line of credit (based on your checking deposit history). You have 3 months to pay it back, and it's free when you set up automatic payments. Otherwise, there's a 1% monthly interest charge (12% APR) on the outstanding balances.^[3]

• Early Pay
  You can be eligible to get paid up to two days early. You must have a Huntington checking account and set up a recurring direct deposit.^[4]

• Mobile check deposits
  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.

• Easy mobile banking
  Check your balances, transfer money, or pay bills on-the-go with 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 Perks or Huntington Platinum Perks Checking account.

• Money Scout®
  This tool analyzes your spending habits, income, and upcoming expenses to find extra money you may have. It'll automatically move $5 - $50 at a time into your savings account. You can customize the amount and pause/cancel at any time.^[5]

• The Hub
  Your account comes with a suite of tools to help you create a custom budget and track your spending.^[6]

• Email and text alerts
  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 Perks or Huntington Platinum Perks 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 Perks or Huntington Platinum Perks Checking Account. These accounts require 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.

	HuntingtonChaseUS BankBMO Harris Bank
	Huntington Bank	Fifth Third Bank
	SPECIAL OFFER Personal Checking Account - $400 Bonus - Learn More	SPECIAL OFFER Personal Checking Account - $225 Bonus - Learn More
	Benefits and Features
Savings	0.01% 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
CD	Regular CD APY range from 0.05% - 0.10% for amounts ranging from $1,000 - $100,000. Minimum deposit $1,000.	0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 4.00 - 4.85% APY. Terms are 5 and 10 months, minimum deposit of $5,000.
Checking	Asterisk-Free Checking: No minimum balance and no monthly maintenance fees Huntington Perks Checking: 5 non-Huntington ATM withdrawals per month Huntington Platinum Perks Checking: Unlimited non-Huntington ATM withdrawals	Fifth Third Momentum® Checking: No monthly service charge Fifth Third Preferred Checking®: Interest-bearing checking account Fifth Third Student Banking: Personal checking account for students age 13 and up.
Money Market	0.05% APY 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 Perks or Huntington Platinum Perks Checking account.	0.01% APY Standard Rate (0.01% Relationship Rate)
Customer Service	24/7	Mon-Fri 8:00 am - 6:00 pm (EST) Sat 10:00 am - 4:00 pm (EST)
ATMs	Over 1,700 ATMs	Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.
Locations	Nearly 1,200 branches	1,300 branches, including 100 Bank Mart® locations across the country
	Personal Checking Account - $400 Bonus Personal Checking Account - $600 Bonus Business Checking Account - $1,000 Bonus	Personal Checking Account - $225 Bonus
Huntington: Pricing information from published website as of 4/7/2023 based on 43215 zip code. Fifth Third Bank: Pricing information from published website as of 5/15/2023 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.

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.

FAQ

What do I need to open a Huntington bank account?
You can open a Huntington bank account either online or in-person. You will need to provide:

• Name
  
• Social Security Number
  
• Government issued ID (license or passport)
  
• A means to fund the account

How much can I withdraw from Huntington Bank?
Huntington Bank has a $400 daily ATM cash withdrawal limit and a $400 daily debit card purchase limit at POS terminals.

How long does it take for a check to clear at Huntington Bank?
If you had your Huntington Bank account open for over 30 days, your check will clear the first business day after the business day of deposit.

If you had your Huntington Bank account 30 days or less, first you'll get up to $500 the first business day after the business day of deposit. You'll get the rest of the funds the next business day after that.

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.

References