New Checking Account Offers Huntington’s Private Client Customers Its Best Checking Rates and Benefits
February 10 2015 - 6:00AM
Business Wire
Deposit services include unlimited
non-Huntington ATM fee refunds for cash withdrawals
Huntington’s Private Client Group today introduced a new
interest-bearing checking account featuring the bank’s best
checking rates and a superior level of benefits.
The Private Client Account provides a comprehensive suite of
deposit services, including unlimited non-Huntington ATM fee
refunds for cash withdrawals1 (domestic and international), no
overdraft fees, no stop-payment fees and no check-order fees. Other
deposit services such as incoming wire transfers and foreign
currency processing are provided for no additional charge.
The new product pays the bank’s highest standard checking
interest rate, which currently is 0.30% (0.30% APY2). Customers
also receive a 0.20% interest-rate increase3 on any linked
Relationship Money Market Accounts and a 10%-rewards bonus4 for
Huntington customers with a qualifying linked Voice Credit
Card®.
“We designed the Private Client Account to deliver remarkable
value while meeting the unique needs of our private bank
customers,” said Jim Dunlap, head of Huntington’s Private Client
Group. “This product gives them the best checking features
Huntington has to offer.”
Customers can offset the $50 monthly membership fee for the
Private Client Account by maintaining during the monthly statement
cycle: 1) an average daily balance of $50,000 in the account; 2) an
average daily balance of $100,000 in combined linked deposit
accounts; or 3) $500,000 in combined linked deposit and investment
accounts.5
About Huntington
Huntington Bancshares Incorporated (NASDAQ: HBAN and
www.huntington.com) is a $66 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.
1Customer will be responsible for any additional fees for ATM
transactions charged by the owner of non-Huntington ATM, and such
fees may be included as part of the withdrawal amount.
2Annual percentage yield. Rates are variable and may change.
Fees may reduce earnings.
3The relationship interest rate increase for the Relationship
Money Market Account (MMA) applies after any rate change when
linked to the Private Client Account. The customer will qualify for
an additional 0.20% to be added to the interest rate on the MMA
after any rate change occurs. For example, if a rate is changed to
0.15%, the Relationship account will receive 0.35% (0.15% + 0.20%).
The interest rate on the Relationship MMA is variable and may
change at any time.
4You may qualify for a 10% Bonus on points earned for rewards on
your Huntington Voice Credit Card when you open a new consumer
deposit account. You must also have chosen the Rewards option on
the Voice Credit Card and maintain the checking account to qualify.
The 10% bonus is calculated each day by adding together your
rewards points earned for each net purchase and multiplying that
total by 10%. The 10% bonus in points will be added to your reward
point totals and will be reflected on your credit card statement
each month.
5See the Personal Account Charges form for more details on the
Total Relationship calculation.
Member FDIC. The logo mark, Huntington®, Voice Credit Card® and
Voice® are federally registered service marks of Huntington
Bancshares Incorporated.
Huntington Bancshares IncorporatedSeth Seymour,
614-480-3538seth.seymour@huntington.com
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