Huntington Financial institution is widespread as a result of it’s a full-suite expertise. Financial savings and checking accounts that earn strong curiosity are simply the beginning.
Prospects can depend on Huntington for all the pieces 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 gives bodily areas and ATMs throughout a number of states. Whereas its variety of ATMs is on the low aspect (simply 1,500), two out of three of its core checking accounts make withdrawing from out-of-network ATMs simple and free.
Particularly, Huntington is a regional financial institution within the Midwest. Contemplate a Huntington account in case you stay in its dwelling 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 clients on the lookout for customary checking and financial savings accounts. You’ll have your decisions of each at Huntington, however you may as well depend on this brick-and-mortar financial institution for loans, insurance coverage and investments. Huntington even gives particular banking choices for college students, companies and energetic responsibility navy members and veterans.
Digital banking with Huntington is a cinch due to an internet platform stocked with nice academic assets, plus a number one cellular app with nice opinions on each the App Retailer and Google Play. The cellular app has been awarded three consecutive years for its buyer satisfaction. And in June 2022, the Huntington Financial institution cellular app was ranked No. 1 amongst regional banks within the J.D. Energy U.S. Banking Cell App Satisfaction Survey.
Huntington is usually among the many banks featured in our month-to-month roundup of financial institution bonuses for brand new clients. Whereas the promotion could fluctuate, you possibly can usually depend on Huntington to reward new clients with some type of bonus.
Huntington Financial institution Checking Accounts
Huntington Financial institution gives three core checking accounts:
- Asterisk-Free Checking account
- Huntington 5 Checking account
- Huntington 25 Checking account
The account that’s best for you will depend on how you propose to make use of it. For those who 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 payment reimbursements. Nevertheless, it’s the solely checking account with no upkeep payment (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 solution to make a bit further money.
Along with these three private checking choices, Huntington Nationwide Financial institution gives three enterprise checking accounts:
- Limitless Plus Enterprise Checking account
- Perks Checking account
- Platinum Perks Checking account
In our Huntington Financial institution assessment, we’ll give attention to private checking accounts solely.
Asterisk-Free Checking Account
Greatest for No Month-to-month Charges
Key Options
- No month-to-month upkeep payment
- Early entry to paycheck
- Overdraft avoidance options
The Asterisk-Free Checking account is good for inexperienced persons: no month-to-month upkeep payment, no minimal deposit to open and no minimal steadiness requirement. Couple that with overdraft safety options like 24-Hour Grace and $50 Secure Zone, and also you’ve bought a good fundamental account. Different options embody Standby Money Early Pay and an computerized saving device.
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
Extra Particulars About Asterisk-Free Checking Account
Whereas Asterisk-Free Checking from Huntington Financial institution does provide nice studying options and instruments for inexperienced persons, this fundamental checking account lacks an annual share yield (APY), and it notably doesn’t reimburse you for any out-of-network ATM charges. For those who’re an ATM energy consumer, these charges can add up quick. On the plus aspect, there isn’t a 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 payment, 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.
Perks 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 payment is just not 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 means of 24-Hour Grace and $50 Security Zone and even earns nominal curiosity.
Huntington 5 Checking Account
APY
0.02%
Month-to-month charges
$5; might be waived
ATM entry
1,700 in community; 5 out-of-network reimbursements every month
Minimal steadiness required
$0
Extra Particulars About Huntington 5 Checking Account
With an simply waived month-to-month service payment and precise curiosity earned on the checking account, the Perks Checking account is good for savers. Why? Those that are prioritizing rising financial savings can possible keep no less than $5,000 of their Huntington financial savings account to keep away from the month-to-month service payment, and having linked financial savings means they will hold 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 Perks Checking account has no minimal deposit to open and options the Cash Scout computerized financial savings device, Early Pay (early entry to paycheck if completed by way of 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 (under) at Huntington is increased, the month-to-month service payment for that account can also be increased ($25) and a bit tougher to waive (sustaining no less than $25,000 throughout accounts). For a lot of, that makes Perks the higher possibility.
Platinum Perks Checking Account
Greatest for Frequent ATM Customers
Key Options
- Limitless ATM reimbursements
- Excessive-interest checking account
- Overdraft avoidance options
The hallmark of the Perks Platinum 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 payment, you’ve bought to have no less than $25,000 for a complete relationship steadiness ($25K throughout all of your linked Huntington accounts).
Huntington 25 Checking Account
APY
0.03%
Month-to-month charges
$25; might 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
Extra Particulars About Huntington 25 Checking Account
Huntington’s three checking choices are the basic Goldilocks and the three bears story. The Asterisk-Free Checking is “too small” relating to perks, and the Huntington 25 Checking account’s charges are “too massive.” The Huntington 5 account? Good!
So is Huntington 25 Checking very best for anybody? For those who can keep $25,000 throughout your financial institution accounts at Huntington, positive. For that $25 service payment every month (don’t join this account in case you received’t qualify to waive the payment; in any other case, it’s not price 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 gives two core financial savings accounts:
- Huntington Premier Financial savings account
- Huntington Relationship Financial savings account
As well as, Huntington gives the Huntington Relationship Cash Market Account, which is price some consideration. The notable flaw with this cash market account is the dearth of Cash Scout, a device 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 attributable to 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 the next “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 in case you want, assuming you reside in one of many Midwest states with branches.
Lastly, Huntington gives Certificates of Deposit (CDs), which we’ll 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 assessment of Huntington Nationwide Financial institution, nevertheless, we’ll 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 device
- Free checking overdraft safety
- Simply waivable month-to-month upkeep payment
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 2023. 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 payment is simple to waive — both hyperlink your Asterisk-Free Checking or keep a median day by day steadiness of $300.
Huntington Premier Financial savings Account
APY
0.01%
Month-to-month charges
$4; might be waived
ATM entry
1,700 in community with All Day Deposit
Month-to-month steadiness required
$0
Extra Particulars About Huntington Premier Financial savings
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 sweet, and having that linked checking account is a straightforward solution to waive the $4 month-to-month payment. (So is the choice: sustaining a median day by day steadiness of $300).
Past the stellar cellular app, the saving grace for Huntington’s entry-level financial savings account is Cash Scout, a device fueled by synthetic intelligence that analyzes your spending habits, revenue and typical bills to determine funds in your checking account that you simply possible don’t want there. It would 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 would take quite a lot of time (and much more cash) for that to make any type 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 Perks or Platinum Perks Checking Account Holders
Key Options
- Cash Scout computerized financial savings device
- Free checking overdraft safety
- Simply waivable month-to-month upkeep payment
Huntington payments the Huntington Relationship Financial savings account as a “increased rate of interest account,” however the rate of interest bump from having a Relationship account is infinitesimal. Huntington Perks and Platinium Perks Checking account holders get the next 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; might be waived
ATM entry
1,700 in community with All Day Deposit
Minimal steadiness required
$0
Extra Particulars About Huntington Relationship Financial savings
At a max of 0.02% APY, Huntington’s “increased curiosity” financial savings account is remarkably low relating to its rate of interest. You can bump that to 0.06% you probably have a Personal Consumer Account (for investments).
Like Huntington Premier Financial savings, Huntington Relationship Financial savings gives free overdraft safety for linking the Huntington checking account, and you’ll waive the $10 month-to-month upkeep payment by having a linked Huntington Perks Checking or Huntington Platinum Perks Checking account. Alternatively, you possibly can waive the payment by sustaining a median day by day steadiness of $2,500.
Cash Scout can also be included with Huntington Relationship Financial savings.
Relationship Cash Market
Greatest for These With $25K+ in Financial savings
Key Options
- 0.05% APY for balances of $25K+
- Financial savings Objective Getter device
- Overdraft safety for linked checking
The most effective rates of interest for financial savings at Huntington really come from its cash market account (MMA). For those who can stow $25,000 away within the MMA, you’ll earn 0.05% curiosity and keep away from the $25 month-to-month upkeep payment. You can too keep away from this payment by linking a Huntington Perks or Platinum Perks Checking account, however there’s no profit to the cash market account except you’re prepared to speculate $25K+ into it.
Huntington Relationship Cash Market
APY
0.05% (0.00% on balances <$25K)
Month-to-month payment
$25; might be waived
ATM entry
1,600 in community with All Day Deposit
Minimal steadiness required
$0
Extra Particulars About Huntington Relationship Cash Market
The Huntington Relationship Cash Market Account earns no curiosity till you place $25,000 away within the account, so don’t open it in case you can’t afford to speculate. (There is no such thing as 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 increased rates of interest for decrease thresholds.
A pleasant a part of Huntington’s MMA is the Financial savings Objective Getter, which lets you create as much as 10 particular targets (trip, automobile, wedding ceremony, and so forth.) plus an Emergency Fund, so you possibly can arrange your funds extra simply.
Different Huntington Financial institution Merchandise
Past these financial savings and checking accounts by means of Huntington Nationwide Financial institution, you possibly can apply for a number of different accounts and companies. That’s the massive enchantment of banking with Huntington: It’s a full-service monetary establishment.
Huntington Voice Credit score Playing cards
Select from two Voice Credit score Playing cards by means of Huntington Nationwide Financial institution.
The 3x Rewards Credit score Card helps you to customise how your rewards work, permitting you to pick out one in all 10 classes every quarter to earn 3x the reward factors. This card has no annual payment. A linked Voice Credit score Card (which means it’s linked to an present 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 Price Credit score Card. Whereas this bank card has, properly, 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
For those who can afford your money to be rather less liquid, Huntington Nationwide Financial institution gives 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 0.10% for any quantity below $100,000 for no less than six months. As most banks do, Huntington is providing a promotional 14-month CD fee of 4.25% for a restricted time.
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 increased 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 may work with Huntington Nationwide Financial institution in your funding portfolio, together with shares, bonds, trusts, asset administration, retirement and extra. You may even open a Cash Market IRA with Huntington. For many, contributing to a standard or Roth IRA would be the higher possibility. Contemplate working with a robo-advisor platform to your retirement.
Loans
Along with bank cards, you possibly can depend on Huntington Nationwide Financial institution for mortgages, dwelling fairness loans, private loans and auto loans. At all times store round for private loans, auto loans and even dwelling loans to get the most effective fee; you don’t want to remain loyal to your private financial institution.
Navy Banking
Whereas Huntington doesn’t provide 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 gives VA dwelling mortgages.
For those who’re an energetic responsibility navy member or a veteran, assessment our full checklist of the most effective navy banks and credit score unions.
Scholar Banking
Equally, Huntington Nationwide Financial institution doesn’t have particular accounts for college students, however due to its partnership with space schools, the financial institution is smart for college students attending the College of Minnesota, Ohio State, Walsh College, the College of Toledo, Cleveland State College and Michigan State College. You may even get custom-made debit playing cards for these colleges.
Alternatively, take into account one in all these banks that we’ve rated to be the most effective for college students.
Enterprise Banking
Huntington gives each enterprise checking and financial savings account choices. Like the private accounts, these are nothing to put in writing dwelling 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 gives numerous varieties of insurance coverage. Contact Huntington to debate charges for medical health insurance, dwelling insurance coverage, life insurance coverage, motorized vehicle insurance coverage and residential title insurance coverage.
Huntington Financial institution Cell App
Digital banking is rising more and more widespread. And whereas Huntington does provide 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
The truth is, 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 may 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 (based mostly on greater than 171,000 opinions) and a 3.7 out of 5 star ranking on Google Play (based mostly on greater than 32,000 opinions).
The precise Huntington web site contains nice academic 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; right now, it’s formally included as Huntington Bancshares Included. 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, you could find greater than 1,100 bodily branches for this regional financial institution, in addition to 1,700 Huntington Nationwide Financial institution ATM areas.
Execs and Cons of Huntington
So what are the professionals of Huntington Nationwide Financial institution, and do they outweigh the cons? Beneath, we’ve in contrast the professionals and cons of Huntington Financial institution that can assist you navigate your determination.
Execs
- Asterisk-Free Checking has no month-to-month upkeep payment and no minimal deposit quantity.
- Sure accounts have limitless ATM payment reimbursement.
- For those who stay within the Midwest, you’ll have a straightforward time discovering a bodily location. Huntington has 1,100.
- The cellular app is high rated and, merely put, the most effective within the business.
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 might be tougher to waive.
- Huntington has not completed away with overdraft charges. You may keep away from them by overlaying 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 assessment? 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’s not the highest financial institution by our requirements (attributable to noncompetitive APYs and generally difficult-to-waive charges), its entry-level checking and financial savings choices can profit inexperienced persons, and its bodily presence within the Midwest might be helpful to those that stay there.
Is Huntington Financial institution a Secure Financial institution?
Your cash is protected 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 protected, with biometric choices for logging in, comparable 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 rather a lot to like about Huntington. It’s bought bodily branches for many who want in-person banking, however its cellular app and on-line platform are sturdy sufficient to deal with Huntington as a digital-only financial institution in case you don’t care to go to a brick-and-mortar location. Huntington gives curiosity on its checking accounts, often has a sign-up bonus for brand new clients, and gives a full lineup of different banking merchandise, together with bank cards, loans, insurance coverage and retirement accounts.
What Is Huntington Financial institution’s Ranking?
Now we have awarded Huntington 3.5 out of 5 stars: Extra particularly, checking accounts 3.5 stars; financial savings 3 stars; Huntington’s charges 3 stars, and buyer expertise 5 stars. Huntington’s extremely rated cellular app is a big purpose this financial institution fares properly. The app has 4.8 out of 5 stars on the App Retailer and 4.6 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 4 years.
Timothy Moore covers financial institution accounts for The Penny Hoarder from his dwelling base in Cincinnati. He has labored in modifying and graphic design for a advertising and marketing company, a world analysis agency and a serious print publication. He covers quite a lot of different subjects, together with insurance coverage, taxes, retirement and budgeting and has labored within the subject since 2012 with publications comparable to The Penny Hoarder, Debt.com, Ladders, WDW Journal, Glassdoor and The Information Wheel. Freelancer Kent McDill contributed to this report.
