COLUMBUS, Ohio, June 28, 2021 /PRNewswire/ -- Getting paid early
is now possible with Huntington's (Nasdaq: HBAN) newest product,
Early Pay. Early Pay gives Huntington customers with
qualifying direct deposits access to their paychecks and other
benefits up to two days early, at no additional cost. This is the
latest product linked to Huntington's Fair Play Banking philosophy,
which the bank launched more than a decade ago and includes
Asterisk-Free Checking®, a checking account with no
minimum balance requirement and no monthly maintenance fee.
Customers who have consistent qualifying direct deposit history
with Huntington will automatically be enrolled in Early Pay to
receive access to their paychecks and other benefits up to two days
early. This can include salary, Social Security, pension and
military income payments. Eligible customers will receive automated
emails informing them they will be enrolled for their next
deposit.
"We must continue to innovate to meet the rapidly changing needs
and preferences of our customers," said Huntington CEO Steve Steinour. "Early Pay is another example of
how Huntington listens to customers, addresses pain points and
innovates on their behalf."
Early Pay follows Huntington's most recent product, Standby
CashSM, aimed to help customers with emergency expenses.
Standby Cash is a line of credit giving eligible customers
immediate access up to $1,000 with no
interest or fees if customers sign up for automatic payments
(otherwise, a 1% monthly interest charge, 12% Annual Percentage
Rate, applies to outstanding balances). Qualification is based
primarily on how customers manage their checking account, not on
customers' credit reports.
These products are just two of the many products launched in the
past decade following Huntington's commitment to do more to look
out for customers' financial well-being. Since 2010, Huntington has
introduced 24-Hour Grace® and no overdraft fee
$50 Safety ZoneSM to
help customers and businesses avoid overdraft fees. Coupling
$50 Safety Zone with 24-Hour Grace
means if customers accidentally overdraw their account by
$50 or less, we've put a $50 Safety Zone in place so they won't be charged
an overdraft fee. And even if they overdraw by more than
$50, they have more time to fix it
and avoid an overdraft fee with 24-Hour Grace.
Huntington also has a wide array of digital tools on
Huntington.com and the Huntington Mobile app. These offerings are
designed to help customers save more money, manage spending and
keep their financial goals front and center. Customers at all
stages of life can take advantage of tools like The Hub, Huntington
Heads-Up® and Money Scout® without
having to worry about paying more for added features.
About Huntington
Huntington Bancshares Incorporated
(Nasdaq: HBAN) is a $175 billion
asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The
Huntington National Bank and its affiliates provide consumers,
small and middle-market businesses, corporations, municipalities,
and other organizations with a comprehensive suite of banking,
payments, wealth management, and risk management products and
services. Huntington operates more than 1,100 branches in 12
states, with certain businesses operating in extended geographies.
Visit Huntington.com for more information.
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SOURCE Huntington Bancshares Inc.