Huntington Bank Reviews
Huntington Bank stands out as a financial institute that holds a wide variety of financial products. Like all other financial banking options, Huntington Bank is also credible to hold a wide range of checking and savings accounts.
This range further extends to money market accounts, CDs, credit cards, and even business banking solutions. To help you out about the details and reviews of each category, here is the comprehensive article stated next concerning, Huntington Bank Reviews. Let’s explore the details further.
Huntington Bank Overview
Huntington Bank, first established in 1866 and it has its headquarters in Columbus, Ohio. This is the bank that holds a well-established regional bank reputation. Primarily, it serves the Midwest and South.
It is also known because it offers a comprehensive network of banking services. These services are well supported for the range of customer needs.
It works with more than 1,000 full-service branches and comprises around 1,600 ATMs and more. in terms of its significant physical presence in states, it includes;
- Ohio, Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Pennsylvania, West Virginia, and Wisconsin.
This huge expansive network tends to provide a very convenient option that helps customers with accessible service areas.
In addition to all this, there are several offering perks like;
- 24-hour overdraft fee relief
- Variety of credit cards
- Range of savings and investment options.
Huntington Bank Locations
As it has been stated above Huntington Bank has a strong presence in the Midwest and parts of the South. This appears to be the key strength of the bank.
It has a large number of branches that are spread around 11 different states, The states are stated above in the overview section.
The branches are credibly known for the accessibility and convenience to customers in the mentioned regions. This extensive branch network is further complemented by a similarly widespread ATM network. Ultimately, it ensures a wide and easy access to banking services.
Checking Accounts
Huntington Bank is known to have a range of checking accounts. The basic details and comprehensive overview of the accounts are as follows. The accounts are worthy enough to meet different customer needs and preferences.
| Checking Account | Asterisk-Free Checking | Huntington Perks Checking | Huntington Platinum Perks Checking | Huntington SmartInvest Checking |
| Monthly Fee | None | $10 (waivable) | $25 (waivable with $25,000 balance) | N/A (For eligible investment customers) |
| Minimum Balance | No minimum | $5,000 for fee waiver | $25,000 for fee waiver | $100,000 total relationship balance for eligibility |
| Interest Bearing | No | Yes | Yes | Yes, rates vary based on balance and location |
| ATM Fees | $3.50 for out-of-network | $5 monthly refund on out-of-network | Unlimited reimbursements for out-of-network | Fee-free ATM use at Huntington Bank and out-of-network ATMs |
| Additional Benefits | N/A | Free credit score monitoring | Credit monitoring, relationship discounts, unlimited checks | Exclusive benefits for investment customers |
| Key Feature | Basic checking without fees or minimum balance | Moderate balance with added benefits | Premium benefits for high-balance customers | Exclusive benefits for investment customers, potentially higher interest rates |
Saving Accounts
Huntington Bank offers several types of savings accounts same as the checking accounts. These accounts are known to have major attractions at the branch services. Customers rely on these services mainly due to their flexible features. The extent of details with proper facts and figures;
| Savings Account | Huntington Premier Savings | Huntington Relationship Savings |
| Interest Rate | Around 0.01% APY (varies by location) | Up to 0.02% APY for checking account owners, 0.06% APY for Private Client Account holders |
| Monthly Maintenance Fee | $4 (waivable) | $10 (waivable) |
| Minimum Balance | No specific requirement, except for waiving the monthly fee | Requires maintaining a balance to avoid the monthly fee |
| Additional Benefits | N/A | Higher interest rate for checking account owners, especially beneficial for Private Client Account holders |
| Key Feature | Basic savings with easy access and low fee threshold | Suited for customers with higher balances, offering better interest rates with a checking account |
CD Rates and Money Market Accounts
Huntington Bank CD Rates
- Range of Terms: CDs are available in a range from 1 to 72 months.
- Interest Rates: Rates vary depending on term length and deposit amount. 1- and 3-month CDs require a deposit of between $1,000 and $9,999. It offers a 0.05% APY, while a 72-month CD for the same amount gives a 0.10% APY, which is more to notice.
- Minimum Deposit: Requires a minimum of $1,000 to open a CD.
- Jumbo CDs: Available for accounts with $100,000 or more, potentially offering higher rates.
- Key Feature: Offers a variety of terms to suit different savings timelines, with promotional rates occasionally available.
Huntington Bank Money Market Accounts
- Relationship Money Market Account: Requires a $25,000 balance to earn interest. The APY can go up to 4.18%. but this rise depends on other Huntington accounts also. When the balance gets lower than $25,000, a $25 monthly fee applies.
- SmartInvest Money Market Account: Offers up to 4.33% APY for customers enrolled in Huntington SmartInvest Checking. No monthly fees and includes fee-free ATM usage.
- IRA Money Market Accounts: Includes both Traditional and Roth IRA options with no fees or early withdrawal penalties charged by Huntington. Interest rates go up to 0.05% APY with minimum requirement consideration.
- Key Feature: Higher interest rates compared to savings accounts, especially beneficial for customers with linked checking accounts or higher balances.
Mortgage Loans and Other Loan Products
- Mortgage Loans
| Mortgage Products | Purchase Loans | Refinance Loans | Home Equity Loans | Lines of Credit |
| Products Offered | Yes | Yes | Yes | Yes |
| Terms and Rates | Vary | Vary | Vary | Vary |
| Factors Affecting Rates | Credit history, loan amount, down payment, etc. | Credit history, loan amount, down payment, etc. | Credit history, loan amount, home equity, etc. | Credit history, loan amount, home equity, etc. |
| Key Feature | Range of options for different home buying and refinancing needs | Range of options for different refinancing needs | Utilizes home equity for borrowing | Flexibility with revolving credit based on home equity |
2. Personal and Auto Loans
| Loan Types | Personal Loans | Auto Loans |
| Purpose | Various personal expenses | New and used vehicles |
| Terms and Rates | Depend on borrower’s creditworthiness | Competitive rates for qualifying customers |
| Key Feature | Tailored options for individual financing needs | Competitive rates for auto financing |
Additional Products and Services
Credit Cards
- Cashback Credit Card: Offers 1.5% unlimited cash back on every purchase.
- 3x Rewards Credit Card: Earns three points for every dollar spent in pre-selected categories.
- Lower Rate Credit Card: Provides a lower interest rate option without cash back or points.
Financial Management Tools
- Money Scout®: Automatically transfers extra funds from a linked checking account to a savings account.
- Savings Goal Getter: Helps users set and track up to ten savings goals.
- Standby Cash: Offers a line of credit that can be repaid with no interest or fees over three months.
Business Banking
- Business Checking Accounts: Multiple tiers available, including accounts designed for small businesses and startups.
- Business Loans: Includes term loans, real estate loans, lines of credit, and SBA-guaranteed loans.
- Key Feature: Comprehensive business banking solutions tailored to different business sizes and needs.
Comparison Overview with Other Institutes
| Feature/Service | Huntington Bank | Chase Bank | PNC Bank |
| Branch Network | Operates in 11 states, over 1,000 branches | Large branch network nationwide | Extensive network, available in many states |
| Account Variety | Offers checking, savings, CDs, money market accounts, and more | Wide range of checking, savings, CDs, and credit cards | Diverse options for checking, savings, and investment accounts |
| Savings Account APY | Varies; 0.01% for Premier Savings, up to 0.06% for Relationship Savings with certain conditions | Generally low, around 0.01% – 0.02% | Varies; competitive rates with certain conditions |
| Checking Account Fees | Different accounts with varying fees; some can be waived with minimum balances | $12 for Total Checking, can be waived with certain conditions | Varies; some accounts have fees that can be waived |
| Overdraft Protection | Up to $50 without a fee | Offers overdraft buffer | Standard overdraft services |
| Online Banking | Extensive online banking services | Strong online and mobile banking platforms | Advanced online and mobile banking capabilities |
| Customer Experience | Good, with a focus on community support and financial education | Extensive customer service options, high ratings for website and app usability | Known for strong customer service and user-friendly online tools |
Pros and Cons Analysis
Pros
- The Waivable Monthly Fees objective of the bank is very fascinating. Many accounts come up with monthly fees that can easily be waived in consideration of meeting the asked conditions.
- It comprises over 1,000 branches and around 1,600 ATMs, mainly focused in the Midwest and South areas.
- It holds the most general and positive reviews for customer support and resolving other service issues.
Cons
- Geographical Limitation is the major concern. The branches are limited to only 11 states that are not accessible by areas other than the Midwest and South.
- It has Limited High-Yield Options. So all those who are seeking high-yield accounts might not find it the best pick.
Customer Reviews
The overall Customer reviews of Huntington Bank fall on the positive side. The positive aspects mainly bound to the areas including customer services and the extra convenience of branch locations.
On the opposite side, some customers reflect and present their dissatisfaction along with the low-interest rates on savings accounts. Apart from all this, the high minimum balance requirements to avoid fees on certain accounts is also a considerable drawback.
Final Personal Review – Services, Customer-Centric Approach
The customer-centric approach of Huntington Bank is clear evidence of its wide range of products. The products are designed by keeping the diverse customer needs of the customers in forefront. It contains everything from basic banking to more complex financial services.
ConclusionHuntington Bank Reviews
Huntington Bank is the ultimate solution for potential investors. It is a solid choice for all the customers that reside within the service area. The aspect of popularity for the bank is bound by the wide array of financial products and most importantly the customer-centric approach.
In addition to all this, the strength of the bank lies in its comprehensive banking services. Overdraft protection features and exceptional ability to waive off monthly fees are well-defined and commendable for providing high-edge authentication to the system.
FAQs
It gives customers an extra day to cover overdrafts before fees are charged.
Yes, most accounts have conditions under which monthly fees can be waived, typically by maintaining a minimum balance or making regular deposits.
Their interest rates on basic savings accounts are relatively low, although money market accounts may offer higher rates.
Yes, it primarily operates in 11 states in the Midwest and South.
They offer a range of CD rates and terms, with promotional rates occasionally available.