Huntington Financial institution is well-liked as a result of it’s a full-suite expertise. Financial savings and checking accounts that earn strong curiosity are simply the beginning.
Clients can depend on Huntington for every little thing from a mortgage mortgage to medical health insurance to wealth administration, plus financial savings and checking accounts.
Huntington Financial institution is predicated in Columbus, Ohio, however provides bodily areas and ATMs throughout a number of states. Whereas its variety of ATMs is on the low aspect (simply 1,700), two out of three of its core checking accounts make withdrawing from out-of-network ATMs straightforward and free.
Particularly, Huntington is a regional financial institution within the Midwest. Think about a Huntington account should you stay in its residence state of Ohio, or Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Pennsylvania, South Dakota, West Virginia or Wisconsin.
Huntington, additionally known as Huntington Nationwide Financial institution, is hottest with prospects searching for commonplace checking and financial savings accounts. You’ll have your decide of each at Huntington, however you can too depend on this brick-and-mortar financial institution for loans, insurance coverage and investments. Huntington even provides particular banking choices for college students, companies and energetic responsibility navy members and veterans.
Digital banking with Huntington is a cinch due to a web-based platform stocked with nice instructional assets, plus a number one cellular app with nice evaluations on each the App Retailer and Google Play. The cellular app has been awarded three consecutive years for its buyer satisfaction.
Huntington is usually among the many banks featured in our monthly roundup of bank bonuses for new customers. Whereas the promotion might fluctuate, you possibly can usually depend on Huntington to reward new prospects with some sort of bonus.
Huntington Financial institution Checking Accounts
Huntington Financial institution provides three core checking accounts:
- Asterisk-Free Checking account
- Huntington 5 Checking account
- Huntington 25 Checking account
The account that’s best for you is dependent upon how you propose to make use of it. Should you want common entry to an ATM, for instance, don’t go together with Asterisk-Free Checking as a result of it doesn’t include any out-of-network ATM charge reimbursements. Nevertheless, it’s the solely checking account and not using a upkeep charge (although you possibly can waive month-to-month charges for the opposite two checking choices fairly simply). The opposite two (Huntington 5 and Huntington 25) are additionally interest-bearing accounts, a pleasant option to make slightly additional money.
Along with these three private checking choices, Huntington Nationwide Financial institution provides three enterprise checking accounts:
- Limitless Plus Enterprise Checking account
- Limitless Enterprise Checking account
- Enterprise Checking 100 account
In our Huntington Financial institution overview, we’ll deal with private checking accounts solely.
Asterisk-Free Checking Account
Greatest for No Month-to-month Charges
Key Options
- No month-to-month upkeep charge
- Early entry to paycheck
- Overdraft avoidance options
The Asterisk-Free Checking account is right for rookies: no month-to-month upkeep charge, no minimal deposit to open and no minimal steadiness requirement. Couple that with overdraft safety options like 24-Hour Grace and $50 Protected Zone, and also you’ve obtained an honest fundamental account. Different options embody Standby Money Early Pay and an computerized saving instrument.
Asterisk-Free Checking Account
APY
n/a
Month-to-month charges
$0
ATM entry
1,700 in community; no out-of-network reimbursement
Minimal steadiness required
$0
Whereas Asterisk-Free Checking from Huntington Financial institution does supply nice studying options and instruments for rookies, this fundamental checking account lacks an annual share yield (APY), and it notably does not reimburse you for any out-of-network ATM charges. Should you’re an ATM energy consumer, these charges can add up quick. On the plus aspect, there isn’t any minimal deposit to open, and the 24-Hour Grace and $50 Security Zone instruments enable you to keep away from overdraft charges.
Although Huntington’s subsequent stage up for checking has a month-to-month upkeep charge, you possibly can simply waive it; upgrading to this stage over the fundamental checking account earns you 5 month-to-month ATM surcharge reimbursements and a nominal APY.
Huntington 5 Checking Account
Greatest for Savvy Savers
Key Options
- As much as 5 month-to-month ATM reimbursements
- Curiosity-bearing checking account
- Overdraft avoidance options
The Huntington 5 Checking account is our favourite from the entire suite. Why? As a result of the requirement to waive the $5 month-to-month upkeep charge just isn’t insurmountable (simply have $5,000 throughout your Hungtington accounts), and it will get you worry-free entry to out-of-network ATMs. It additionally has overdraft safety by 24-Hour Grace and $50 Security Zone and even earns nominal curiosity.
Huntington 5 Checking Account
APY
0.02%
Month-to-month charges
$5; may be waived
ATM entry
1,700 in community; 5 out-of-network reimbursements every month
Minimal steadiness required
$0
With an simply waived month-to-month service charge and precise curiosity earned on the checking account, the Huntington 5 Checking account is right for savers. Why? Those that are prioritizing rising financial savings can possible keep at the least $5,000 of their Huntington financial savings account to keep away from the month-to-month service charge, and having linked financial savings means they’ll preserve most of their cash there the place it grows curiosity and simply transfer cash over to the checking account as wanted.
Just like the entry-level Asterisk-Free Checking account, the Huntington 5 Checking account has no minimal deposit to open and options the Cash Scout computerized financial savings instrument, Early Pay (early entry to paycheck if carried out through direct deposit) and options that enable you to keep away from overdraft charges just like the $50 Security Zone and 24-Hour Grace.
As well as, this account will get you free credit score rating monitoring.
Whereas the annual share yield of the ultimate checking account (beneath) at Huntington is greater, the month-to-month service charge for that account can also be greater ($25) and slightly more difficult to waive (sustaining at the least $25,000 throughout accounts). For a lot of, that makes Huntington 5 the higher possibility.
Huntington 25 Checking Account
Greatest for Frequent ATM Customers
Key Options
- Limitless ATM reimbursements
- Excessive-interest checking account
- Overdraft avoidance options
The hallmark of the Huntington 25 account is limitless ATM withdrawals; Huntington covers all charges for out-of-network machines. The account additionally boasts free credit score rating and id monitoring. However the draw back of the account? To keep away from the steep month-to-month upkeep charge, you’ve obtained to have at the least $25,000 for a complete relationship steadiness ($25K throughout all of your linked Huntington accounts).
Huntington 25 Checking Account
APY
0.05%
Month-to-month charges
$25; may be waived with $25,000 steadiness throughout all accounts
ATM entry
1,700 in community; limitless out-of-network reimbursements every month
Minimal steadiness required
$0
Huntington’s three checking choices are the basic Goldilocks and the three bears story. The Asterisk-Free Checking is “too small” on the subject of perks, and the Huntington 25 Checking account’s charges are “too large.” The Huntington 5 account? Good!
So is Huntington 25 Checking excellent for anybody? Should you can keep $25,000 throughout your financial institution accounts at Huntington, certain. For that $25 service charge every month (don’t join this account should you gained’t qualify to waive the charge; in any other case, it’s not value it), you get limitless ATM entry and a 0.05% APY for a checking account. That exceeds the norm for checking accounts and even exceeds the nationwide common annual share yield for financial savings.
As well as, you’ll get free credit score rating and id monitoring.
Huntington Financial institution Financial savings Accounts
Huntington Financial institution provides two core financial savings accounts:
- Huntington Premier Financial savings account
- Huntington Relationship Financial savings account
As well as, Huntington provides the Huntington Relationship Cash Market Account, which is value some consideration. The notable flaw with this cash market account is the shortage of Cash Scout, a instrument that analyzes your spending habits.
In a world of high-yield financial savings from on-line banks, Huntington’s account choices for financial savings fall quick, largely resulting from low APYs. So why even take into account Huntington? The advantages of constructing your financial savings with Huntington are simpler entry to funds for the checking account (and a better “relationship” APY for having each a Huntington checking and financial savings account), entry to a number one cellular app and bodily entry to financial institution tellers for assist should you want, assuming you reside in one of many Midwest states with branches.
Lastly, Huntington provides Certificates of Deposit (CDs), which we are going to contact on within the subsequent part, in addition to enterprise CDs and enterprise financial savings accounts (Enterprise Premier Plus Cash Market Account and Enterprise Premier Financial savings). For this portion of our overview of Huntington Nationwide Financial institution, nonetheless, we are going to focus solely on financial savings and cash market accounts.
Huntington Premier Financial savings Account
Greatest for Asterisk-Free Checking Account Holders
Key Options
- Cash Scout computerized financial savings instrument
- Free checking overdraft safety
- Simply waivable month-to-month upkeep charge
The Huntington Premier Financial savings account boasts a super-low annual share yield: simply 0.01%, which is approach too negligible for a financial savings account in 2021. You do get free overdraft safety to your Asterisk-Free Checking when it’s linked to Premier Financial savings, and the $4 month-to-month charge is simple to waive — both hyperlink your Asterisk-Free Checking or keep a median every day steadiness of $300.
Huntington Premier Financial savings Account
APY
0.01%
Month-to-month charges
$4; may be waived
ATM entry
1,700 in community with All Day Deposit
Month-to-month steadiness required
$0
When the market is saturated with high-yield financial savings accounts that pay 1.00% or extra APY, the Huntington Premier Financial savings account falls approach too quick at simply 0.01% APY. The free overdraft safety when linked to the Asterisk-Free Checking is good, and having that linked checking account is a simple option to waive the $4 month-to-month charge. (So is the choice: sustaining a median every day steadiness of $300).
Past the stellar cellular app, the saving grace for Huntington’s entry-level financial savings account is Cash Scout, a instrument fueled by synthetic intelligence that analyzes your spending habits, earnings and typical bills to determine funds in your checking account that you just possible don’t want there. It should then transfer these funds robotically over to your financial savings.
In fact, it strikes these funds from a 0.00% APY checking account to a 0.01% APY financial savings account, so the curiosity earned is subsequent to nothing. For instance, if it strikes $50 over in a month, you’ll earn half a cent in month-to-month curiosity. It should take plenty of time (and much more cash) for that to make any sort of actual distinction.
The minimal deposit to open the Premier Financial savings account is $50. However do your self a favor and prioritize a financial savings possibility with a stronger APY.
Huntington Relationship Financial savings
Greatest for Huntington 5 or 25 Checking Account Holders
Key Options
- Cash Scout computerized financial savings instrument
- Free checking overdraft safety
- Simply waivable month-to-month upkeep charge
Huntington payments the Huntington Relationship Financial savings account as a “greater rate of interest account,” however the rate of interest bump from having a Relationship account is infinitesimal. Huntington 5 and 25 Checking account holders get a better APY with this account — double the traditional APY, the truth is. However when the traditional APY is simply 0.01% and the connection profit is a 0.02% APY, it’s far much less interesting.
Huntington Relationship Financial savings
APY
0.01% (0.02% with Relationship)
Month-to-month charges
$10; may be waived
ATM entry
1,700 in community with All Day Deposit
Minimal steadiness required
$0
At a max of 0.02% APY, Huntington’s “greater curiosity” financial savings account is low on the subject of its rate of interest. You can bump that to 0.06% in case you have a Personal Consumer Account (for investments).
Like Huntington Premier Financial savings, Huntington Relationship Financial savings provides free overdraft safety for linking the Huntington checking account, and you’ll waive the $10 month-to-month upkeep charge by having a linked Huntington 5 Checking or Huntington 25 Checking account. Alternatively, you possibly can waive the charge by sustaining a median every day steadiness of $2,500.
Cash Scout can also be included with Huntington Relationship Financial savings.
Huntington Relationship Cash Market
Greatest for These With $25K+ in Financial savings
Key Options
- 0.05% APY for balances of $25K+
- Financial savings Purpose Getter instrument
- Overdraft safety for linked checking
The most effective rates of interest for financial savings at Huntington truly come from its cash market account (MMA). Should you can stow $25,000 away within the MMA, you’ll earn 0.05% curiosity and keep away from the $25 month-to-month upkeep charge. You can even keep away from this charge by linking a Huntington 5 or 25 Checking account, however there’s no profit to the cash market account until you’re keen to take a position $25K+ into it.
Huntington Relationship Cash Market
APY
Month-to-month charge
$25; may be waived
ATM entry
1,700 in community with All Day Deposit
Minimal steadiness required
$0
The Huntington Relationship Cash Market Account earns no curiosity till you place $25,000 away within the account, so don’t open it should you can’t afford to take a position. (There isn’t a minimal deposit quantity, however your cash will do nothing till you hit that $25K threshold.) That mentioned, there are cash market accounts on the market paying greater rates of interest for decrease thresholds.
A pleasant a part of Huntington’s MMA is the Financial savings Purpose Getter, which lets you create as much as 10 particular objectives (trip, automotive, marriage ceremony, and many others.) plus an Emergency Fund, so you possibly can manage your funds extra simply.
Different Huntington Financial institution Merchandise
Past these financial savings and checking accounts by Huntington Nationwide Financial institution, you possibly can apply for a number of different accounts and providers. That’s the massive attraction of banking with Huntington: It’s a full-service monetary establishment.
Huntington Voice Credit score Playing cards
Select from two Voice Credit Cards through Huntington National Bank.
The 3x Rewards Credit score Card allows you to customise how your rewards work, permitting you to pick out considered one of 10 classes every quarter to earn 3x the reward factors. This card has no annual charge. A linked Voice Credit score Card (which means it’s linked to an current checking account) can earn further bonus factors, although promotions for a Linked Voice Credit score Card can fluctuate.
On the flip aspect, you possibly can go for the Decrease Charge Credit score Card. Whereas this bank card has, nicely, a decrease rate of interest, it lacks rewards. In case you are a accountable spender who pays off your bank card in full every month, go for the 3x Rewards Credit score Card.
Certificates of Deposit
Should you can afford your money to be rather less liquid, Huntington Nationwide Financial institution provides certificates of deposit (CDs). CD phrases vary from one month to 72 months (six years), with rates of interest beginning at 0.01% for a one-month deposit of $1,000 to $9,999. The present finest CD rate of interest at Huntington is simply 0.03% for any quantity beneath $100,000 for at the least six months.
The minimal deposit is $1,000. Huntington labels these rates of interest as aggressive, however merely put, they aren’t. Discover CDs with a lot greater rates of interest elsewhere. Higher but, discover fundamental financial savings accounts with higher rates of interest elsewhere.
The charges for deposits of $100,000+ aren’t any higher.
Investments
You’ll be able to work with Huntington Nationwide Financial institution in your funding portfolio, together with shares, bonds, trusts, asset administration, retirement and extra. You’ll be able to even open a Cash Market IRA with Huntington. For many, contributing to a standard or Roth IRA would be the higher possibility. Consider working with a robo-advisor platform for your retirement.
Loans
Along with bank cards, you possibly can depend on Huntington Nationwide Financial institution for mortgages, residence fairness loans, private loans and auto loans. All the time store round for private loans, auto loans and even residence loans to get the perfect fee; you do not want to remain loyal to your private financial institution.
Navy Banking
Whereas Huntington doesn’t supply particular accounts for members of the navy, the financial institution does take part within the Servicemembers Civil Reduction Act (capping rates of interest on loans and contours of credit score at 6%) and provides VA residence mortgages.
Should you’re an energetic responsibility navy member or a veteran, overview our full listing of the perfect navy banks and credit score unions.
Pupil Banking
Equally, Huntington Nationwide Financial institution doesn’t have particular accounts for college students, however due to its partnership with space faculties, the financial institution is sensible for college students attending the College of Minnesota, Ohio State, Walsh College, the College of Toledo, Cleveland State College and Michigan State College. You’ll be able to even get custom-made debit playing cards for these faculties.
Alternatively, consider one of these banks that we’ve rated to be the best for students.
Enterprise Banking
Huntington provides each enterprise checking and financial savings account choices. Like the non-public accounts, these are nothing to write down residence about, given their low APYs.
Among the many enterprise checking choices are:
- Limitless Plus Enterprise Checking
- Limitless Enterprise Checking
- Enterprise Checking 100
Among the many enterprise financial savings choices are:
- Enterprise Premier Plus Cash Market Account
- Enterprise Premier Financial savings
Insurance coverage
Along with typical financial institution accounts and funding accounts, Huntington Nationwide financial institution provides varied kinds of insurance coverage. Contact Huntington to debate charges for medical health insurance, residence insurance coverage, life insurance coverage, motorcar insurance coverage and residential title insurance coverage.
Huntington Financial institution Cell App
Digital banking is rising more and more frequent. And whereas Huntington does supply bodily department areas, you possibly can financial institution with Huntington with out ever stepping foot right into a brick-and-mortar area by managing your account on-line
In truth, J.D. Energy has ranked Huntington Financial institution’s cellular app #1 in Buyer Satisfaction with Cell Banking Apps amongst Regional Banks three years in a row (2019, 2020, and 2021). The app is understood for its safety, with biometric choices like Contact ID, Face ID, and Fingerprint Login.
You’ll be able to arrange push notifications on the Huntington Financial institution cellular app to get real-time alerts about your account. Use the app to shortly verify your steadiness, switch funds, ship and obtain cash with Zelle, make cellular verify deposits, discover department and ATM areas and even pay payments.
On the time of publication, Huntington’s cellular app had a 4.8 out of 5 star ranking on the App Retailer (primarily based on greater than 171,000 evaluations) and a 3.7 out of 5 star ranking on Google Play (primarily based on greater than 32,000 evaluations).
The precise Huntington web site consists of nice instructional assets for private finance, with content material on navigating core financial institution accounts like checking and financial savings, loans and bank cards; further private finance assets embody budgeting and spending instruments, funding and retirement assets and planning assets for these getting into faculty or the workforce.
About Huntington Nationwide Financial institution
The Huntington Nationwide Financial institution was based in 1866; immediately, it’s formally included as Huntington Bancshares Integrated. For over a century and a half, Huntington Nationwide Financial institution has been headquartered in Columbus, Ohio.
Huntington Financial institution continues to develop. In 2021, Huntington joined with TCF Nationwide Financial institution. Collectively, the newly shaped “mega financial institution” boasts $175 billion in belongings, $142 billion in deposits and $116 billion in loans.
All through the Midwest, yow will discover greater than 1,100 bodily branches for this regional financial institution, in addition to 1,700 Huntington Nationwide Financial institution ATM areas.
Professionals and Cons of Huntington
So what are the professionals of Huntington Nationwide Financial institution, and do they outweigh the cons? Under, we’ve in contrast the professionals and cons of Huntington Financial institution that will help you navigate your determination.
Professionals
- Asterisk-Free Checking has no month-to-month upkeep charge and no minimal deposit quantity.
- Sure accounts have limitless ATM charge reimbursement.
- Should you stay within the Midwest, you’ll have a simple time discovering a bodily location. Huntington has 1,100.
- The cellular app is prime rated and, merely put, among the best within the trade.
Cons
- Throughout the board — financial savings, checking, cash market and CDs — APYs are decrease than others on the market.
- Although all month-to-month upkeep charges are waivable, some accounts include excessive charges which can be more difficult to waive.
- Huntington has not carried out away with overdraft charges. You’ll be able to keep away from them by protecting them with funds in your linked financial savings.
- At simply 1,700, the variety of in-network ATMs is low.
Regularly Requested Questions (FAQs) About Huntington Financial institution
Nonetheless have questions after studying our Huntington Financial institution overview? We’ve rounded up the most typical questions on Huntington and offered the solutions in a single handy place.
Is Huntington Financial institution a Good Financial institution?
Huntington is a full-suite financial institution with a number of checking and financial savings account choices. Whereas it isn’t the highest financial institution by our requirements (resulting from noncompetitive APYs and typically difficult-to-waive charges), its entry-level checking and financial savings choices can profit rookies, and its bodily presence within the Midwest may be helpful to those that stay there.
Is Huntington Financial institution a Protected Financial institution?
Your cash is secure with Huntington. Huntington carries insurance coverage with the FDIC (Federal Deposit Insurance coverage Company), which protects your funds as much as $250,000.
As well as, Huntington’s cellular app and on-line platform are extremely secure, with biometric choices for logging in, akin to thumbprint and face ID. Huntington’s web site features a library of content material on on-line banking safety, and you’ll even join free fraud alerts from Huntington.
What’s Good About Huntington Financial institution?
There’s loads to like about Huntington. It’s obtained bodily branches for many who want in-person banking, however its cellular app and on-line platform are robust sufficient to deal with Huntington as a digital-only financial institution should you don’t care to go to a brick-and-mortar location. Huntington provides curiosity on its checking accounts, often has a sign-up bonus for brand new prospects, and provides a full lineup of different banking merchandise, together with bank cards, loans, insurance coverage and retirement accounts.
What Is Huntington Financial institution’s Score?
In our official Huntington Financial institution overview for 2021, we now have awarded Huntington 3.5 out of 5 stars. Extra particularly, we now have awarded Huntington’s checking accounts 3.5 out of 5 stars, Huntington’s financial savings 3 out of 5 stars, Huntington’s charges 3 out of 5 stars, and Huntington’s buyer expertise 5 out of 5 stars.
Huntington’s extremely rated cellular app is a big purpose this financial institution fares nicely. The app has 4.8 out of 5 stars on the App Retailer and three.7 out of 5 stars on Google Play. J.D. Energy has named Huntington #1 in Buyer Satisfaction with Cell Banking Apps amongst Regional Banks for the final three years in a row.
Timothy Moore covers financial institution accounts for The Penny Hoarder from his residence base in Cincinnati. He has labored in modifying and graphic design for a advertising and marketing company, a world analysis agency and a significant print publication. He covers quite a lot of different matters, together with insurance coverage, taxes, retirement and budgeting and has labored within the subject since 2012 with publications akin to The Penny Hoarder, Debt.com, Ladders, WDW Journal, Glassdoor and The Information Wheel.
