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Regional bank with good basic accounts and excellent customer service
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Updated September 02, 2024
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Khadija Khartit
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Reviewed byKhadija Khartit
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Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. She has been an investor, entrepreneur, and advisor for more than 25 years. She is a FINRA Series 7, 63, and 66 license holder.
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Michael Logan
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Fact checked byMichael Logan
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Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he has extensively covered business and tech news in the U.S. and Asia. He has produced multimedia content that has garnered billions of views worldwide.
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Founded in 1866, and still headquartered in Columbus, Ohio, Huntington is a regional bank serving 11 states located primarily in the Midwest. A full-service bank, it offers consumers a one-stop shopping for banking needs. Read our in-depth review to determine if Huntington's products and services are right for you. Pros & Cons Pros Basic checking account is fee free All day deposit 24-hour grace period on overdrafts Robust customer support Cons Only available in 11 states Low APY High minimum balances on interest-bearing checking accounts High overdraft fees Company Overview Table of Contents Huntington Bank Review Pros Explained Cons Explained Best for Bank Offerings Other Products Customer Service How to Bank Final Verdict Methodology For accounts or products that have area-specific interest rates, customers who live outside of the 11-state region will receive the rate associated with Columbus, Ohio, where Huntington is headquartered. Huntington Bank will appeal to customers looking for basic checking and savings accounts. It will be especially tempting to those who: Huntington offers a robust menu of products and services including: Huntington Premier Savings This is the basic savings account for Huntington customers. Premier Savings is free of fees for customers who have a linked Asterisk-Free Checking or any other personal checking account, or who maintain an average daily balance of $300 or more. Otherwise, the monthly maintenance fee is $4. You can open an account with a minimum deposit of $50. Premier Savings offers savers an APY of 0.01% and only requires a balance of $0.01 to earn. Deposit-to-deposit overdraft protection is provided if you have a linked checking account. If you overdraw, Huntington will automatically transfer money in increments of $100 to cover the overdraft from your Premier Savings account. There is no fee for this protection, but be aware of potential transfer limits. Huntington Relationship Savings This account gives savers an improved APY that gets even better if you have additional linked accounts. The basic rate is 0.01% and goes up based on the types of accounts you also have with Huntington: With the improved rate comes bigger costs, however. Relationship Savings is free for customers who maintain an average daily balance of $2,500 or link the account to either a Huntington Perks or Huntington Platinum Perks checking account. Both have a minimum daily balance requirement and a fee if that balance is not met. Otherwise, savers with a Relationship Savings account will pay a $10 monthly maintenance fee. Like the Premier Savings account, Relationship Savings offers deposit-to-deposit overdraft protection, provided you link to a Huntington Perks Checking account. Asterisk-Free Checking Huntington tries very hard to make sure this basic checking account lives up to the Asterisk-Free name. There is no monthly maintenance fee, no minimum deposit to open the account, and no minimum balance required. And contrary to common banking policies in the 21st Century, Huntington does not charge fees for providing paper statements rather than email statements, if that's your preference. Additionally, the all-day deposit policy, which treats any deposit made before midnight on a business day as getting in on the same business day, is a remarkably forgiving rule that helps customers stay in the black. Pair that with the 24-hour grace policy for overdrafts, which gives customers until midnight the day after an overdraft to make a deposit or transfer to cover the overdraft, as well as the free deposit-to-deposit overdraft protection with a Premier Savings account. If you overdraw funds, the overdraft fee of $15 can be levied up to three times per day. Huntington Perks Checking This is Huntington's lower-level interest-bearing checking account. Customers can earn 0.02% APY on their account balance. There is no minimum required to earn and no minimum deposit to open this account. If you make at least $1,000 in deposits monthly or maintain $5,000 in total relationship balances, there is no fee. Otherwise, you will pay $10 per month. Huntington Perks Checking offers the same forgiving policies as Asterisk-Free checking. You get all day deposit, a 24-hour grace period, and overdraft protection. You need to link this account to a Relationship Savings account to receive the overdraft protection. Account holders get free credit score monitoring as well as five out-of-network ATM fee waivers per month. Huntington Platinum Perks Checking For customers looking for higher rates from an interest-bearing checking account, the bank offers Huntington Platinum Perks Checking. Account holders earn 0.03% APY on any size balance. However, expect to pay $25 per month in maintenance fees unless you are able to maintain $25,000 in total relationship balances among your accounts. Like the other checking accounts, Huntington Platinum Perks provides all-day deposit, a 24-hour grace period, and overdraft protection (with a Relationship Savings account). It also comes with some other major perks: Huntington Relationship Money Market Account Like the Relationship Savings account, Huntington's money market account offers better rates if you have additional accounts. Provided you have a minimum of $25,000 in your Relationship Money Market account, you can earn between 4.49% and 4.70% APY depending on what other accounts you have at Huntington. Balances below $25,000 don't earn interest. The Relationship Money Market account also comes with a $25 monthly fee, which is waived for customers who either maintain a $25,000 minimum balance or who have a linked Huntington Perks or Huntington Platinum Perks checking account. Like Huntington's traditional checking accounts, the Relationship Money Market account also provides all-day deposit, a 24-hour grace period, and overdraft protection. Huntington offers standard CDs with terms ranging from one to 72 months and promotional CDs with terms of five to 9 months. CDs require a minimum deposit of $1,000. Jumbo CDs are also available, with a minimum deposit of $100,000. The terms range from seven to 1,825 days (approximately 60 months) and the rates from 0.05% to 0.50%. The fact that Huntington describes its jumbo CD terms in days, rather than months, makes it difficult to compare jumbo rates with standard rates. Converting the terms from days to months helps to clarify that jumbo rates seem to be approximately the same for similar term lengths. Huntington may offer higher than normal promotional APYs on CDs, so be sure to check its website. Huntington has three credit cards, all offered through Mastercard. These are the Cashback Credit Card, the Voice Rewards Credit Card, and the Lower APR Voice Credit Card. Customers can choose to receive cash back rewards or a lower annual percentage rate (APR). In addition to the above products and services, Huntington also offers the following: Customers have a number of avenues available to reach customer support, starting with live agents available daily by phone (800-480-2265) from 7 a.m. to 8 p.m. (ET). The website also boasts automated customer support systems, as well as an easy-to-use search tool, and a comprehensive FAQ page. You can also reach out to Huntington via X or Facebook any time. You can open an account online or in a branch. Though Huntington is only present in 11 states, the bank appears to be friendly to customers outside of this region. The Huntington mobile app allows customers to handle transactions (including mobile check deposit) on the go. It can be downloaded on iOS and Android devices. Third-party reviews give the app mixed ratings. Customers looking for solid options for basic checking and savings accounts would be well served by Huntington. Its truly free checking account, forgiving policies that keep minor withdrawal mistakes contained, and easy methods to avoid fees with the basic savings account make it attractive to many customers' needs. Add the fact that Huntington also offers a wide array of other products and services, and it's clear that this is a good one-stop-shop for banking customers. For those with higher balances, Huntington is not necessarily a good choice. Additionally, Huntington is only present in 11 states which limits the bank's reach, especially for customers who want basic banking options and like to be able to walk into a branch. Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of banks. We collected over 20 data points across more than 80 banks including products available, interest rates, fees, and accessibility to ensure that our content helps users make the right decision for their savings and banking needs. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. The Huntington National Bank. “About Us.” The Huntington National Bank. “Asterisk-Free Checking Account,” Pages 1-3. The Huntington National Bank. “24-Hour Grace.” The Huntington National Bank. "Open a Checking Account Online." The Huntington National Bank. “Premier Savings Account.” The Huntington National Bank. “Overdrafts and Returns Explained.” The Huntington National Bank. “Relationship Savings: Higher Interest Savings Account.” The Huntington National Bank. “Huntington Perks Checking Account.” The Huntington National Bank. “Huntington Platinum Perks Checking.” The Huntington National Bank. “Relationship Money Market Account.” The Huntington National Bank. “Certificates of Deposit.” Huntington Bank. “Certificates of Deposit.” Investopediais part of the Dotdash Meredithpublishingfamily. We and our 100 partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. These choices will be signaled to our partners and will not affect browsing data. Store and/or access information on a device. 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Pros Explained
Cons Explained
Who Is Huntington Best for?
What Does Huntington Offer?
Savings Accounts
Relationship Savings Rates Relationship Rate APY Non-Relationship Rate 0.01% Relationship Savings linked with Huntington Perks Checking 0.02% Relationship Savings linked with Huntington Platinum Perks Checking 0.02% Relationship Savings linked with Private Client Account 0.06% Premier Savings and Relationship Savings Rates and Terms Account Monthly Maintenance Fee Minimum Balance to Avoid Fee APY Premier Savings $4 $300 0.01% Relationship Savings $10 $2,500 Ranging from 0.01% to 0.06% Checking Accounts
Huntington Checking Accounts Account Name Monthly Maintenance Fee Minimum Balance to Avoid Fee APY Asterisk-Free Checking $0 $0 None Huntington Perks Checking $10 $5,000 0.02% Huntington Platinum Perks Checking $25 $25,000 0.03% Money Market Account
Relationship Money Market Rates APY Relationship Money Market Account 4.49% Relationship Money Market Account with linked Huntington Perks Checking 4.54% Relationship Money Market Account with linked Huntington Platinum Perks Checking 4.59% Relationship Money Market Account with linked Private Client Account 4.70% CDs
Huntington Promotional CD Rates Term APY 5 months 5.13% 9 months 4.08% Huntington Jumbo Promotional CD Rates Term APY 215 Days 5.13% 335 Days 4.34% Credit Cards
Other Financial Products Offered by Huntington
Huntington Customer Service
How to Bank With Huntington
Final Verdict
Methodology
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