July 8, 2021 6:00 PM PT

Huntington 5 Checking Review

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You can get a $200 bonus when you open a new Huntington 5 Checking® account with qualifying requirements. Find out how to take advantage of the promotion below.

With the Huntington 5 Checking Account, you can enjoy 5 non-Huntington ATM withdrawals per month and credit score monitoring at no added cost. Not to mention other rewarding benefits.

Read this review for the checking account's features, fees, and requirements.

What is the Huntington 5 Checking Account?

Huntington 5 Checking earns interest on deposits plus other nice perks.

Main features

  • Five fee-free, non-Huntington ATM withdrawals per statement [1]
  • Credit score monitoring at no added cost [2]
  • No overdraft fee $50 Safety Zone℠ and 24-Hour Grace®
  • Extra money when you need it with Standby Cash℠
  • Get paid up to two days early with Early Pay

Huntington 5 Checking Bonus

Huntington
Member FDIC

Huntington 5 Checking® - $200 Bonus

To qualify for the $200 cash bonus, you are required to open a new, qualifying Huntington 5 Checking® or Huntington 25 Checking® account during the promotional period between July 1, 2021 and October 7, 2021 and make cumulative new money deposits into the checking account of at least $1,000 or more within 60 days of account opening. "New money" is defined as money that is not currently on deposit in any Huntington account (except maturing CDs). Account must maintain an open status for at least 90 days before it is eligible for the bonus payment.

Expires 10/7/2021

Follow the steps below to earn the $200 cash bonus:

  • Open a Huntington 5 Checking account online or with a local branch.
  • Make cumulative new money deposits of at least $1,000 within 60 days of account opening and keep your account open for a minimum of 90 days
  • After meeting the deposit requirement, your $200 bonus will be deposited into your new checking account within 14 days.
  • Your checking account must remain in open status to receive the bonus.

Who can apply online:

  • Must be 18 years old or older
  • U.S. citizen
  • Resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia
  • Opening either an individual or joint account

You'll need to provide a U.S. government-issued ID like a driver's license or passport, and Social Security number.

How to check your Huntington balance?
To check your balance, visit huntington.com and log into your account. Your account number, account history (purchases, deposits and pending transactions), and balance will appear on the screen.

Does Huntington 5 Charge a Monthly Fee?

The Huntington 5 Checking account has a few fees to be aware of. See below:

Fees to watch out for

  • Monthly service fee - $5 a month (or $0 if you have $5,000 in total relationship balances)
  • Out-of-network ATM fees - $3
  • Overdraft fee - $23 - $37.50

Does Huntington 5 Have a Minimum Balance?

There is no minimum balance to open a Huntington 5 account. But you will need to maintain a combined minimum balance of $5,000 across your Huntington accounts to waive the $5 monthly service fee.

How do Huntington relationship savings work?
You get certain perks such as a higher savings interest rate or monthly maintenance fees waived if you have a certain combined minimum balance across your Huntington accounts. That balance differs depending on the Huntington bank account you have.

Compare Huntington 25 Checking

Huntington
Member FDIC

Huntington 25 Checking® - $500 Bonus

To qualify for the $500 cash bonus, you are required to open a new, qualifying Huntington 25 Checking® during the promotional period between July 1, 2021 and October 7, 2021 and make cumulative new money deposits into the checking account of at least $15,000 or more within 60 days of account opening. "New money" is defined as money that is not currently on deposit in any Huntington account (except maturing CDs). Account must maintain an open status for at least 90 days before it is eligible for the bonus payment.

Expires 10/7/2021

Right now, you can earn a $500 cash bonus for opening a Huntington 25 Checking® account with qualifying requirements. No direct deposit or minimum opening deposit required.

This interest yielding checking account also comes with relationship benefits (more in a sec).

Main features

  • Earn 0.05% APY interest on your account balance
  • Credit score and identity monitoring at no added cost
  • Unlimited free non-Huntington ATM withdrawals
  • Free checks
  • 24-hour grace period for overdraft fees

Fees to watch out for

  • Monthly service fee - $25 a month (or $0 if you have $25,000 in total relationship balances)
  • Overdraft fee - $23 - $37.50
  • Negative account balance fee - $25 every 5 days

Huntington Savings Accounts

Huntington Bank offers a few savings and money market accounts. You can set up scheduled transfers from your checking account to help you reach your savings goals. You earn a modest APY that's similar to most traditional brick-and-mortar banks.

If you want a high-yield savings account that packs more of a punch, check out these options.

That said, check out the regional bank's savings products:

  • Huntington Relationship Money Market Account - You can earn interest on all balances above $25,000. You get a higher APY if you also have a Huntington 5 or Huntington 25 Checking account. No monthly maintenance fee.

  • Huntington Relationship Savings - You get a higher APY if you also have a Huntington 5 or Huntington 25 Checking account. There's free checking overdraft protection and no monthly maintenance fee.

  • Huntington Premier Savings - The FDIC-insured account has free checking overdraft protection and no monthly maintenance fee.

Alternatives to Huntington 5 You Might Like

CIT Bank
Member FDIC

CIT Bank Savings Connect - 0.50% APY

  • Earn a competitive high yield savings rate with access and convenience features of an eChecking account.
  • Earn up to 0.50% APY on Savings Connect and 0.25% APY on eChecking.
  • Savings Connect is a tiered interest rate account dependent on the account holder opening a linked qualifying eChecking concurrently and makes periodic qualifying deposits.
    • Base Tier: (0.42% APY, 0.399% Interest Rate) A minimum qualifying deposit of $200 is not deposited each month into the linked eChecking or the eChecking account is closed.
    • Upper Tier: (0.50% APY, 0.499% Interest Rate) A qualifying deposit of $200 or more is deposited into the linked eChecking account each month.
    • APY assumes a qualifying deposit of $200 or more is made to the linked eChecking account each month.
  • Minimum of $100 for both the Savings Connect and eChecking to open ($200 total).
HSBC
Member FDIC

HSBC Premier Checking - $450 Welcome Deposit

Expires 8/31/2021
  • Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
  • Open your new HSBC Premier checking account online by August 31, 2021; and
  • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
  • You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
  • Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
Chase
Member FDIC

Chase Total Checking® - $225 Bonus

  • New Chase customers enjoy a $225 bonus when you open a new Chase Total Checking® account and set up direct deposit
  • Access to 16,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.

What Are the 4 Main Types of Checking Accounts?

These are the most popular and common types of checking accounts at banks and credit unions:

  • Traditional checking account - You normally get checks, a debit or ATM card and online banking. You usually need to maintain a certain balance to waive the monthly maintenance fee.

  • Interest-bearing checking - To earn a high APY, you need to fulfill requirements like direct deposit or a minimum number of debit card transactions.

  • Student checking account - Geared toward students age 18 - 23. You usually don't have maintenance fees and might enjoy other perks like overdraft forgiveness.

  • Business checking - These accounts help separate personal and business expenses.

Bottom Line

Huntington 5 Checking gets you 5 fee-free non-Huntington ATM withdrawals per statement and interest on your balance.

And that $200 cash bonus is a nice way to choose your Huntington 5 checking account.

You need a pretty high balance ($5,000) across your Huntington accounts to waive the monthly maintenance fee. But their generous overdraft policy is pretty attractive for customers.

References

  1. ^ You will be responsible for any additional fees charged by the owner of a non-Huntington ATM as well as any international transaction or other fees charged by the network.
  2. ^ Monitoring Services are optional and are not available with all accounts. Enrollment requires agreement to the Services' Terms & Conditions, which include important legal terms that a customer should read carefully before deciding whether to enroll.

Amber Kong is a content and creative at CreditDonkey, a bank comparison and reviews website. Write to Amber Kong at amber.kong@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website 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. You do not have to use our links, but you help support CreditDonkey if you do.

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