The Huntington National Bank Review February 2023

Introduction

Huntington Bank is a full-service bank with a significant Midwest presence. The bank is FDIC insured, which means you’ll get up to $250,000 back if the bank fails unexpectedly. It has 1,000 branches and over 1,800 ATMs in the United States.

Huntington Bank has locations in Michigan, Ohio, Illinois, Indiana, Kentucky, Pennsylvania, and West Virginia. When you open a Huntington Bank account, you’ll get mobile banking, free mobile alerts, and all-day deposits, which means there are no cut-off times when depositing through ATMs or the mobile app.

Huntington Bank was selected one of the Best Checking Accounts of 2022 by GOBankingRates, as well as one of the Best Regional Banks and Top 100 Banks of 2022.

Huntington Bank Top Features

Here are a closer look at the various products and offerings from Huntington Bank.

Benefits

Huntington National Bank provides everything you need to manage your finances. Accounts, personal loans and mortgages, credit cards, investing, and even insurance will be available to you. The bank will reward your loyalty by offering relationship rates and savings on its products if you have several accounts and items.

APYs

Huntington Bank pays interest on a wide range of accounts. The nominal savings rate is 0.01%. A money market account with a minimum balance of $25,000 can get you a little better interest. CDs have a basic interest rate that starts at 0.1%.

Products

You will have plenty of account options to choose from when you bank with Huntington National Bank.

Checking

Huntington Bank provides three major checking accounts, each with its own set of goals: Huntington 25 Checking, Huntington 5 Checking, and Asterisk-Free Checking, as well as a Student Checking account. All three primary accounts include free checks, but only Asterisk-Free has a $0 monthly maintenance price. There is no minimum initial deposit requirement for any of the accounts. Both the Huntington 25 and Huntington 5 pay interest, however the yearly percentage yield varies and may be higher if you also hold a Relationship Money Market or Relationship Savings Account.

Huntington 25 Checking is a high-yield checking account with a $25 monthly fee that can be waived if your Total Relationship Balance is at least $25,000 at the time of application. With this account, all non-Huntington ATM withdrawal costs are waived, and Huntington Bank will reimburse you for cash withdrawal fees incurred by non-Huntington ATM owners.

The monthly charge for Huntington 5 Checking is $5, which is waived each statement period if your Total Relationship Balance is at least $5,000. Per statement, up to five non-Huntington ATM withdrawal fees are waived. The cost after that is $3 per withdrawal.

If you don’t want to pay a monthly maintenance cost, Asterisk-Free Checking is a straightforward and economical choice. Each non-Huntington ATM transaction costs $3, plus any fees levied by the ATM’s owner. One of the reasons Huntington Bank was rated one of the Best Checking Accounts of 2022 by GOBankingRates is the Asterisk-Free Checking account.

Savings

Huntington offers two types of savings accounts: Relationship Savings and Premier Savings. Both have monthly maintenance costs that can be waived, and neither has a required minimum opening deposit. When you hold a Huntington 5 or Huntington 25 checking account, you can get a relationship rate on Huntington Relationship Savings.

Relationship Savings charges a monthly fee of $10, which is eliminated if you maintain an average daily balance of $2,500 or hold a Huntington 5 or Huntington 25 checking account. Premier Savings charges a $4 monthly fee, which is waived if you maintain an average daily balance of $300 or have a Huntington Asterisk-Free checking account. Premier Savings has an annual percentage yield of 0.01%.

Money Market Account

Huntington Bank offers a single money market account called Relationship MMA, which requires a minimum balance of $25,000 to earn interest. With an average daily balance of $25,000 or when linked to a Huntington 5 or 25 checking account, the $25 monthly service fee is eliminated.

Customer Service

Huntington Bank’s customer service page is dedicated to answering questions and assisting you in understanding its products and services, and you may also ask inquiries on the bank’s Facebook and Twitter pages. If you need to speak with a real person, the general customer support line is open seven days a week, 13 hours a day, giving you plenty of opportunities.

Huntington Bank CD

Huntington Bank offers two types of certificates of deposit: fixed-rate CDs with a $1,000 minimum opening deposit and jumbo fixed-rate CDs with a $100,000 minimum opening deposit. Fixed-Rate CDs have terms ranging from one month to six years, whereas Jumbo Fixed-Rate CDs have terms ranging from seven days to five years. The APYs for both types of CDs start at 0.1% and increase with bigger balances.

Unique Features About Huntington National Bank

The variety of products and services offered by Huntington Bank is without a doubt its most appealing feature. Despite the fact that Huntington is a regional bank, you have access to all of the accounts available at large national banks.

How To Open an Account with Huntington Bank

You must be a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin to open an account. To get started, you’ll need a government-issued photo ID and your Social Security number, whether you visit a bank or open an account online.

Summary

If you live in its service region and want to have many accounts and services in one place, as well as access to hundreds of branch locations, Huntington Bank is worth considering. The biggest disadvantage is that you won’t be able to earn high APYs on deposit accounts like you would with an online high-yield banking choice.