Huntington’s New Checking Accounts Can Help Customers Earn Higher Interest
Huntington launches new consumer checking accounts that earn and save customers more money
COLUMBUS, Ohio--(BUSINESS WIRE)-- Huntington Bank today broadened its checking account lineup with the introduction of Huntington 5 Checking™ and Huntington 25 Checking™ interest-bearing accounts, offering customers a new suite of options for earning higher returns and greater benefits when they open a checking and a savings account with Huntington. These new deposit products can help customers earn higher interest and also offer them a fee waiver on a companion savings or money market account when they link it to one of the new checking products. Huntington will continue to offer its noninterest-bearing Asterisk-Free Checking® account.
“Since distinguishing ourselves with the introduction of 24-Hour Grace® and Asterisk-Free Checking®, we are launching new interest-bearing checking accounts that give customers even more features that can earn and save them money,” said Mary Navarro, retail and business banking director at Huntington Bank. “We take care of our customers and provide them with value along with award-winning customer service.”
How the new checking lineup works
Customers should have at least $5,000 in total relationship balances with Huntington 5 Checking and at least $25,000 in total relationship balances with Huntington 25 Checking to avoid monthly maintenance fees. These total relationship balances can be an aggregated summation of the customers’ checking, savings, money market, certificates of deposit, IRAs, and certain investment accounts. However, just as the names indicate, customers can still open these checking accounts even if their total relationship balance is less than the required total by paying a $5 monthly fee (Huntington 5) or a $25 monthly fee (Huntington 25). No minimum amount is needed to open one of these accounts.
Customers will receive monthly maintenance fee waivers on a Huntington Relationship Savings account or on a Huntington Relationship Money Market account when they choose to open a Huntington 5 Checking account or Huntington 25 Checking account.
Huntington created the new line of checking accounts so that its customers can benefit from the additional interest generated by combined accounts. The new products also come with 24-Hour Grace®, free overdraft protection transfers, waiver of monthly maintenance fees on linked savings or money market account, free ATM cash withdrawals from Huntington ATMs, select number of refunds on ATM cash withdrawals per month from domestic non-Huntington ATMs, free online banking and bill pay, and Huntington Mobile Deposit.
Huntington Bancshares Incorporated (NASDAQ: HBAN and www.huntington.com) is a $64 billion asset regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, and its affiliates provide full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntington’s six-state retail banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 700 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,500 ATMs. Through automotive dealership relationships within its six-state retail banking franchise area and selected other Midwest and Northeast states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
The Huntington National Bank is an Equal Housing Lender and Member FDIC. The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.
Jacqueline Ortiz Ramsay, 614-480-5415
Released November 6, 2014