Huntington Bank Review 2022

Full-service bank in the Midwest

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Huntington National BankHuntington Bank is a full-service bank based in the Midwest. It offers all the services you'd expect from a typical bank, including business and commercial banking services. Though it operates as a brick-and-mortar bank, all services are available online through its website and mobile app.

Commissions & Fees - 7
Customer Service - 8
Ease of Use - 7
Locations - 5
Savings Options - 10
Rates - 6


Huntington Bank offers free checking, interest-bearing checking, savings and money market accounts, and CDs. And if you have a business, Huntington Bank can help you with business bank accounts, merchant services and even business financing like SBA loans. And if you live in one of the eight Midwestern states in its service area, you'll be able to take advantage of its extensive network of hundreds of bank branches, in addition to its online banking.

What Is Huntington Bank?

Columbus, Ohio-based Huntington Bank is one of the largest regional banks in the country. It operates 839 bank branches in eight Midwest states, including Ohio, Indiana, Illinois, and West Virginia.

Founded in 1866, Huntington Bank is a full-service traditional bank that also operates online. It offers the full range of personal banking services, including checking, savings, and money market accounts, CDs, mortgages and home equity lines, personal and auto loans, and credit cards, and it also provides a business checking account and commercial banking services.

Huntington Bank has a Better Business Bureau (BBB) rating of “A+”. This is the highest-ranking the agency assigns, on a scale of A+ to F.

Huntington National Bank Features

AccountsSavings, Checking, Money Market, CDs
AccessWeb Based, iPhone App, Android App, Blackberry App
Amount of Branches839
ATM Reimbursement
Online Deposits
FDIC Insurance
Customer Service7:00 A.M. to 7:00 P.M., Eastern Time, daily

How Does Huntington Bank Work?

Huntington Bank has an extensive network of brick-and-mortar branches. And the full suite of banking services is available online and through your mobile device. You can even open deposit accounts and apply for loans and credit cards entirely online.

Services Available With All Accounts

  • 24-hour Grace Period — Designed to give you more time to deposit to avoid an overdraft fee.
  • All-day Deposit — You can make deposits at ATMs or on the mobile app anytime until midnight.
  • Overdraft Protection — Offered free of charge when you link a savings or money market account to your checking account.
  • Mobile Banking — Offers all the functions of online banking and even lets you deposit checks from your smartphone, tablet, or desktop computer.
  • Online Bill Pay — Pay your bills directly from the bank's web platform.
  • Email and Text Alerts — Real-time updates on your accounts, alerting you to unusual activity, account shortfalls, and budgeting issues.
  • Platinum Debit Card — Use it anywhere MasterCard is accepted. It offers zero liability for unauthorized charges. And it offers identity theft resolution services, assisting you with credit bureau notification and credit card replacement.

Services Available With Select Accounts:

Money Market Account/Savings Rate Benefit — You'll earn additional interest on the money you have in your savings and money market accounts when you also have a Huntington 5 or Huntington 25 Checking Account.

Credit Score Monitoring — You'll have access to credit score monitoring at no additional cost when you have either a Private Client Account or a Huntington 5 or Huntington 25 Checking Account.

Identity Score Monitoring — Available at no additional cost when you have a Huntington 25 Checking Account or Private Client Account.

Savings Goal Getter — A tool that allows you to set up to 10 goals, plus an emergency fund for each Huntington savings or money market account.

Huntington Bank Deposit Accounts

Asterisk-Free Checking

Asterisk-Free Checking is a non-interest-bearing checking account with no “gotcha” provisions. There's no minimum balance required to open an account and no monthly maintenance fee. It's the perfect choice if you're just looking for a no-frills, no-fee checking account.

Huntington 5 Checking

This is an interest-bearing checking account. Up to five ATM fees are waived per banking cycle. And you can earn a Voice Credit Card™ bonus of 1.05% when you open a new account. This checking account also comes with family banking and credit score monitoring. The interest rate you'll earn on your account depends on your location, as determined by your ZIP Code.

The account has a monthly maintenance fee of $5. But the bank waives it if you have at least $5,000 in total relationship balances.

Huntington 25 Checking

This is another interest-bearing checking account, and it provides unlimited ATM fee reimbursements. It comes with a Voice Credit Card bonus of 1.25%, and it offers identity monitoring, unlimited free checks, and discounts on home equity lines of credit and mortgage loans. The interest rate on the account depends on your location, as determined by your ZIP Code.

And it's the only checking account offered by the bank that comes with 100 commission-free online equity or exchange-traded fund (ETF) trades per year through Huntington Financial Advisors. (Normal trading fees are $6.95 per trade.)

The account has a $25 monthly maintenance fee. But the bank waives it if you have at least $25,000 in total relationship balances.

Huntington Relationship Money Market Account

The money market account (MMA) has many of the features of the checking accounts. There's a monthly maintenance fee of $25. But the bank waives it if you either maintain an average daily balance of $25,000 or have either a Huntington 5 or Huntington 25 Checking Account.

The MMA has a very complicated interest rate structure. For example, balances under $25,000 earn no interest. The current rate is 0.40% APY on balances of $25,000 to $2,000,000. But that's good for only the first 90 days and drops to 0.25% APY after that.

Huntington Bank Money Market Account Interest Rates
Huntington Bank Money Market Account Interest Rates

As you can see, the MMA pays slightly higher interest rates if the account is combined with either a Huntington 5 or Huntington 25 Checking Account or a Private Client Account.

Huntington Relationship Savings

This is an interest-bearing savings account that pays a higher rate if you also have either a Huntington 5 or 25 Checking Account or a Private Client Account.

Your interest rate depends on the account relationship and where you live. The account also has a $10 monthly maintenance fee. But again, the bank waives it if you maintain an average daily balance of $2,500 or have a Huntington 5 or 25 Checking Account.

Huntington Premier Savings

This simple savings account pays 0.02% APY on all account balances. The account requires a minimum initial deposit of $50. And there is a $4 monthly maintenance fee that's waived with an average daily balance of at least $300 or when you also have an Asterisk-Free Checking Account.

Certificates of Deposit

Huntington Bank certificates of deposit (CDs) are available in denominations of $1,000. CDs are available for both regular depositors and IRA accounts.

The bank uses a two-tiered interest rate structure. On CDs with balances ranging from $1,000 to $99,999.99 and with terms ranging from 1 to 72 months, yields range from a low of 0.01% to a high of 0.25% APY.

Jumbo fixed-rate CDs are available with balances of $100,000 to $100 million. Terms range from seven days to 60 months, with interest rates ranging from 0.01% to 0.25% APY.

Huntington Investment Company

In addition to deposit accounts, Huntington also offers investment services through Huntington Investment Company. The service is available for life and income planning, growing and managing your wealth, and trust and asset management.

The company works with you to plan for retirement and education needs. It also helps you manage your finances when there are changes in family status, impairment of loved ones, new wealth, monetary windfalls, next-generation or charitable giving, and life, disability, and long-term care.

It offers the full range of investment options, including stocks, taxable and tax-free bonds, fixed and variable annuities, asset allocation accounts, mutual funds, ETFs, structured notes, traditional and Roth IRAs, 529 plans, and even options trading.

Other Huntington Banking Services

Huntington Bank offers Private Banking to help you manage your day-to-day banking with responsive service from a dedicated team. It can help you earn interest on all account balances, avoid fees, and get the benefit of relationship rates on your savings and money market accounts. You also get 1.25% cash back rewards on purchases made with the Voice Credit Card.

Private Banking has a $50 monthly membership fee. But that is waived if you maintain at least a $50,000 average daily checking account balance or $100,000 in total relationship deposit balances, or $500,000 in total relationship balances, including Huntington Investment Company and any IRA accounts.

The bank also offers comprehensive business and commercial banking services, including bank loans and credit cards.

Huntington Bank Business Accounts Alternatives

If you're looking for alternatives to Huntington's business accounts, NorthOne, Novo, and LendingClub Bank are the closest.

  • With NorthOne you get unlimited banking without hidden fees or minimum balances for just $10 per month. The service integrates with third-party platforms and with its envelopes you can easily manage your finances into different subaccounts. Plus as an Investor Junkie reader, you can get three months free when you sign up. 
  • Novo Bank offers free business checking, including free transfers, free incoming wires, free mailed checks, refunds for all ATM fees, and small business tools integrations such as Quickbooks. You will need $50 to open an account but there's no minimum balance requirement. However, Novo doesn't allow you to send wire transfers or deposit cash.
  • LendingClub Bank has a number of products, with a checking account specifically geared towards small businesses. With this account, you can get 1% cash back with your LendingClub debit card and get 0.10% APY on balances of $5,000.
HighlightsNovo LendingClub BankNorthOne Business Checking Account
AccountsSavings, Checking, Money Market, CDsSavings, Checking, Money Market, CDsSavings, Checking, Money Market, CDs
Online Deposits
Physical Branches
FDIC Insurance
ATM Reimbursement

Huntington National Bank Pros & Cons

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Final Thoughts on Huntington Bank

Huntington Bank will work best for residents of the eight states where the bank operates. It's a good choice if you're looking for full-service banking, which is not available with most online-only banks.

For example, not only does it offer checking, savings, and money market accounts, as well as CDs, but it also provides all types of loans. That includes mortgages and home equity lines, auto and personal loans, and credit cards. Most online banks specialize in one or two product lines, leaving you to work with another bank for all the services the online bank doesn't offer. But Huntington Bank provides all the services you'll need.

The major weakness with Huntington Bank is its relatively low-interest rates on deposit products. While the rates it pays are generally higher than typical brick-and-mortar banks, it's not competitive with high-yield online banks. If you're looking for high-interest returns on your savings, you may need to look at other banks that specialize in high-interest accounts, then work with Huntington Bank for everything else.

Kevin Mercadante

Kevin Mercadante is professional personal finance blogger, and the owner of his own personal finance blog, He has backgrounds in both accounting and the mortgage industry. He lives in Atlanta with his wife and two teenage kids.

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