Huntington Bank Review: Account Good for You?
Huntington Bank provides great accounts benefits like free Overdraft Protection Transfers and 24/7 customer service. Read on to see if this bank is right for you.
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Relationship Money Market Account - Earn 2.02% APY | |||
Overall Score | 3.9 | ||
Savings | 3.5 | ||
CD | 4.0 | ||
Checking | 4.5 | ||
Money Market | 3.0 | ||
Customer Service | 5.0 | ||
Mobile App | 3.5 | ||
Pros and Cons
- Free checking option
- 24-hr grace for overdrafts
- All day deposit
- 24-hr customer service
- Limited branches
- Low savings APY
Bottom Line
Midwest bank with great account benefits and free checking option
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
Plus, open a Relationship Savings or Relationship Money Market account and get the service fee waived by linking to a
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 September 2019
- Minimum opening deposit of $25,000
- Available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.
Relationship Money Market Account - Earn 2.02% APY
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.
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.
Checking
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- 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.
Huntington Bank also offers CDs and promotional-rate CDs with varying maturity dates.
They also offer fixed rate CDs in terms up to 6 years and Jumbo CDs in terms up to 5 years.
The rates offered vary by location and must be applied for in person at a local branch.
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.
You can reach Huntington Bank Customer Service representatives around the clock by calling 1-800-480-2265.
They also have an in-depth customer service page on their website to answer the most frequently asked questions and provide helpful descriptions on products.
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.
Huntington Bank offers a variety of investment products, including stocks, bonds, mutual funds, annuities, and retirement plans.
Whether you are saving for retirement, college, long-term care, charity, or any other need, Huntington specialists can help you find the products you need to grow your investments while minding your risk tolerance.
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.
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Huntington Bank | Fifth Third Bank | |
|---|---|---|
Relationship Money Market Account - Earn 2.02% APY - | Fifth Third Business Checking Account - $500 Bonus - | |
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; 1.75% 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 | 1.26% APY (1.41% APY - 1.51% 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 | Mon-Fri 7:00 am - 8:00 pm (EST) Sat 8:30 am - 5:00 pm (EST) | |
| ATMs | Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide. | |
| Locations | 1,300 branches, including 100 Bank Mart® locations across the country | |
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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 9/16/2019 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.
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Huntington Bank | PNC Bank | |
|---|---|---|
Relationship Money Market Account - Earn 2.02% APY - | Virtual Wallet with Performance Select Checking - $300 Cash Bonus - | |
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; 2.15% 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; 1.75% 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 | 1.26% APY (1.41% APY - 1.51% 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 | Mon-Fri 7:00 am - 10:00 pm, (ET) Sat & Sun 8:00 am - 5:00 pm (ET) | |
| ATMs | ||
| Locations | 2,600 PNC branches across 19 states. | |
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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 9/16/2019 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.
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Huntington Bank | Citizens Bank | |
|---|---|---|
Relationship Money Market Account - Earn 2.02% APY - | GoalTrack Savings Program – up to $250 in Gift Cards - | |
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; 1.75% 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 | 1.26% APY (1.41% APY - 1.51% 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 Telephone Customer Service | |
| ATMs | More than 3100 ATMs across 11 states. | |
| Locations | More than 1100 branches across the country | |
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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 9/16/2019 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.
Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.
Disclaimer: This content was first published on October 14, 2018. This content may have been updated on May 1, 2019. Information including rates, fees, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check the bank's website for updated information.
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