Huntington Bank Review 2023

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Huntington Bank: Overall Rating

Huntington Bank Pros and Cons

Checking Accounts Overview

Huntington offers three main checking account options: Asterisk-Free, Perks, and Platinum Perks. It also has a SmartInvest checking account, but it's only for investment advisory customers with a certain amount in assets.

All three of the main accounts come with a 24-hour grace period, which gives you one full day to replace your funds when you overdraw from your account. They also all offer free overdraft protection so you can connect your checking account to another Huntington account that will transfer funds if you risk overdrawing.

Huntington Asterisk-Free Checking Account Overview

The Huntington Asterisk-Free Checking® Account doesn't require an opening deposit or minimum account balance, and there is Huntington Asterisk-Free Checking® Account - Fees Display. However, Huntington will charge a $3.50 fee when you use an out-of-network ATM.

Huntington Bank Perks Checking Account Overview

Huntington Bank Perks Checking also has a Huntington Bank Perks Checking - Minimum Deposit minimum opening deposit. It does charge a Huntington Bank Perks Checking - Fees Display, but you can waive it if you have at least $5,000 total in all your Huntington Bank accounts, or make $1,000 in total direct deposits to your checking account each month. This account also monitors your credit score.

There is a Huntington Bank Perks Checking - Intro Bonus.

Huntington Bank Platinum Perks Checking Account Overview

The Huntington Bank Platinum Perks Checking doesn't require an opening deposit or minimum account balance, but it does charge a Huntington Bank Platinum Perks Checking - Fees Display. You can avoid this fee if you have at least $25,000 total in all your Huntington bank accounts.

You can earn unlimited reimbursements on out-of-network ATM fees, and like Huntington Bank Perks Checking, this account monitors your credit score for you. There's also a Huntington Bank Platinum Perks Checking - Intro Bonus.

Huntington Premier Savings Account Rates

You'll earn a low interest rate with a Huntington Premier Savings Account. It's comparable to what other big brick-and-mortar banks pay, but the best high-yield savings accounts are usually with online banks. 

You can also open a Huntington Relationship Savings Account - Product Name Only and link it to an eligible Huntington checking account to earn a slightly higher rate. This rate is still relatively low, though.

Huntington CD Rates

Huntington Bank CD rates on standard terms are pretty low. However, it pays high rates on promotional 7-month and 11-month. If you have at least $100,000 to open a jumbo CD, you'll earn high rates on promotional terms of 215 and 335 days.

Huntington Relationship Money Market Account Rates

Like the Huntington Relationship Savings Account, the Huntington Relationship Money Market Account comes with certain benefits if you also have an eligible checking account.

You'll earn a higher rate on your money market account if you also have a checking account, and you won't have to pay a monthly fee. However, you will have to pay a Huntington Relationship Money Market Account - Fees Display if you either don't have a checking account, or if your balance is under Huntington Relationship Money Market Account.

About Huntington Bank

Huntington Bank is a national bank with over 1,000 branches and 1,600 ATMs across 11 US states. You can open an account online, but you still must be a resident of one of the following states:

• Colorado
• Florida
• Illinois
• Indiana
• Kentucky
• Michigan
• Minnesota
• Ohio
• Pennsylvania
• West Virginia
• Wisconsin

Your money is FDIC insured for up to $250,000, or $500,000 if you have a joint account.

You can call Huntington customer support daily, from 7 a.m. to 8 p.m. ET.

The Huntington Bank mobile app is rated 4.4 out of 5 stars in the Google Play store and 4.8 out of 5 stars in the Apple store.

Is Huntington Bank Trustworthy?

The Better Business Bureau gives Huntington Bank an A+ rating. A strong BBB score indicates a company responds effectively to customer complaints, advertises honestly, and is transparent about business practices.

A strong BBB score doesn't guarantee that you'll have a smooth relationship with a bank, though. Ask friends or family who bank with Huntington about their experiences, or read online customer reviews.

Huntington does not have any recent public controversies.

Huntington Bank FAQs

Is Huntington a good bank to bank with?

Huntington Bank might be a good option if your priority is opening a checking account at a brick-and-mortar bank. It has a variety of checking accounts, and you might qualify for a high interest rate on a CD or money market account.

How much does it cost to open a bank account with Huntington Bank?

Huntington Bank checking accounts have a $0 minimum opening deposit. The minimum opening deposit for traditional savings accounts ranges from $50 to $2,500. CDs require at least $1,000 upfront, and money market accounts need an initial deposit of $25,000.

Does Huntington Bank have a free checking account?

Yes, the Huntington Asterisk-Free Checking® Account is a free account that doesn't charge monthly service fees.

What are the disadvantages of Huntington Bank?

The main disadvantages of Huntington Bank is that it pays a low savings rate and charges monthly fees on most accounts (unless you qualify to waive them).

How Huntington Bank Compares

Huntington Bank vs. Chase Bank

Chase Bank has locations in 48 US states, so if you want a nationwide branch and ATM network, it's the better choice.

There are several Chase checking accounts, and the choice between Chase and Huntington may come down to what you want out of your everyday spending account. For example, Huntington has an account with no monthly service fee, while Chase charges a fee on all accounts unless you qualify to waive them. But Chase Sapphire℠ Banking - Product Name Only waives foreign transaction fees, which is great if you're a frequent traveler.

Both banks pay low rates on CDs with the exception of a few select terms. If you want a CD, it could depend on which term length you're looking to open. Neither is the best option for earning a high rate on a savings account.

Chase Bank review

Huntington Bank vs. U.S. Bank

U.S. Bank Elite Money Market Account - Brand Name could be a good option for people who want to open a money market account. It only requires U.S. Bank Standard Savings Account - Minimum Deposit or U.S. Bank Elite Money Market Account - Minimum Deposit to open either of its accounts, while Huntington requires $25,000. U.S. Bank also has even more types of checking accounts than Huntington does, so you may decide you like one of those options.

Otherwise, your choice could come down to which bank is closer to where you live. U.S. Bank has more locations around the US, so it's a good choice if you travel around the country often.

U.S. Bank review

Why You Should Trust Us: How We Reviewed Huntington Bank

We used Insider's bank account methodology to review Hungtington's checking, savings, and money market accounts. We used our certificate of deposit methodology to rate its CDs.

We look at the ethics, mobile app, and customer service for every type of bank account. Other factors we consider depend on the type of account we're reviewing — for example, we look at overdraft protection for checking accounts and early withdrawal penalties for CDs. We give each account a rating between zero and five.