If you’re looking for a bank to save your money, then the Huntington National Bank is a good option.
Overview
Huntington Bank is a subsidiary of Huntington Bancshares Incorporated, which was founded in 1866. Based on regulatory filing, as of September 30, 2019, Huntington bank has $109 billion in assets.
Huntington Bank, whose headquarters are in Columbus, Ohio have over 800 full-service branches across several states with all-day customer support during service hours.
It is a conventional brick-and-mortar bank with the majority of the branches in the Midwest, but it also has an online banking and mobile presence, making it convenient for those who don’t have time to conduct their banking activities during at a physical location. Overall, Huntington Bank is a great pick to be your bank.
Click here to open a business checking account with Huntington and earn a $200 bonus.
Huntington Bank offers a variety of products, including checking accounts, savings & CDs accounts, money market accounts, credit cards. It also offer home loans, home equity, insurance for life, home and auto, specialty mortgages and personal loans.
In addition, Huntington bank offers brokerage services, wealth and investment management services, trust services, treasury management and foreign exchange services.
Huntington Bank Service Quality
Huntington Bank is a full-service brick-and-mortar bank with over 800 locations across the US and over 1400 ATM locations. The bank also has an online banking as well a mobile presence, which means that not only customers can access the bank’s physical locations, they can also conduct their banking activities at any time.
Huntington Bank receives excellent reviews from its customers for its mobile banking services. For example, it receives 4.8 out of 5 with 120.4 on Apple compared to the national average of 3.8.
Products offered
Huntington bank provides a full service commercial, small business, and consumer banking services. It provides mortgage banking services, treasury management and foreign exchange services, and equipment leasing.
Huntington Bank also provides wealth and investment management services, trust services, brokerage services, and customized insurance brokerage and service programs.
In addition to the above, and more specifically, the bank provides the following business checking accounts for small businesses, start ups or any business regardless of the size:
- Huntington Money Market Account
- Huntington Business Banking Checking 100 Account
- Unlimited PLUS Business Banking Checking Account
- Huntington Unlimited Business Banking Checking Account
Open an Unlimited PLUS Business Banking Checking Account and earn a $750 bonus.
Moreover, Huntington Bank have several products including basic checking accounts, savings accounts, money market accounts and CDs, etc… That means that when it comes to banking, you have several options. The savings rate are typical, which means you should consider other options.
So if you are a small business or any business of any size, take advantage of the business banking checking accounts mentioned above. Their rates are competitive comparing to the national average.
Click here to open an Unlimited Business Banking Checking Account and earn a $400 bonus.
Rates
Huntington Bank has several savings accounts and checking accounts, each with its own savings rate. But the rates are competitive compared to other US banks. For example, for the “non-relationship rate” account you get an 0.05% APY/interest rate regardless of your balance. The APY is 0.15% with Huntington 5 Checking. It is 0.20% with Huntington 25 Checking and 0.25% with Private Client Account.
So if you’re looking for a bank that provides high interest savings accounts, then look no further. If you have a small business, then check out these business checking options.
Huntington Bank’s Certificate of Deposits (CDs) currently has a new 7-month term CD with a fixed interest rate of 1.24% (1.25%APY) with a minimum opening balance of $1000. The 5 year CD has a rate of 0.55% APY.
It would be tedious to list all of the rates in this article, for more information on money market accounts rates, click here.
Fees
The fees for Huntington Bank are generally low comparing to other banks. But their overdraft fees is $37.50. However, their overdraft fees can be waived with 24-Hour Grace if you’re able to bring your balance over -$5. They also have a return fee of $37.50. They also have an extended overdraft fee of $25 if your account is overdrawn for five consecutive days.
Financial Health
Huntington Bank has over 800 branches across the United States with over 1400 ATM locations. As of September 2019, it has assets totaling $109 billion. In addition, Huntington Bank is FDIC-insured, which means that your money is insured (up to $250,000).
Find a Huntington Bank Near Me
Huntington bank has over 800 locations across seven states including Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, and West Virginia. The bank has 12 private client group offices and over 1400 ATM locations.
Huntington Bank Online Banking
Not too many banks has both a physical and a mobile presence. But the ones that do, like Huntington Bank, provide their customers with the best banking experience. With Huntington Bank mobile banking, customers are able to check their balance on the go. They are able to transfer money and even deposit checks for free from their phone or electronic devices and pay bills.
With online banking, you can do almost everything that you would visiting a bank physically. You can pay your bills, transfer money, etc. You can do all of these activities through the Hub. In addition, the Huntington’s Hub gives you access to your spending activities like a spend analysis. It allows you to track your monthly spending, etc…
Related: Macatawa Banking Review
Is Huntington National Bank Right for you?
If you’re looking for a bank with a physical and a mobile banking and online presence, then Huntington National Bank is right for you. It provides several products that make your banking options the right choice. It provides multiple savings and checking accounts with competitive interest rates. Their money market accounts and Certificate of Deposits are very competitive comparing to the national average. In addition, it offers mortgage loans, equity loans, personal and business loans, credit cards (personal and business). It also provides investment and wealth management services among many others.
So, if you live in the Midwest it is in your best interest to join a bank that suits your needs.
Work with the Right Financial Advisor
Sold on Huntington? You can talk to afinancial advisorwho can review your finances and help you reach your goals (whether it is making more money, paying off debt, investing, buying a house, planning for retirement, saving, etc). Find one who meets your needs withSmartAsset’s free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals,get started now
