Huntington Bank Overdraft Fees Explained

Huntington Bank Overdraft Fees Explained: Huntington wants you to avoid overdraft fees, so it’s a good idea to understand and have a clear understanding of what overdrafts are and how to avoid it. Huntington Bank Overdraft Fees Explained

Huntington Bank is currently available in the following states: IN, KY, MI, OH, PA, WV, IL, WI. Huntington Bank Overdraft Fees Explained. Huntington Bank Overdraft Fees Explained

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Huntington Bank Overdraft Fees Explained

• What Is An Overdraft? Huntington Bank Overdraft Fees Explained
  • An overdraft is when the bank allows you to spend more money than you have in your account, rather than denying a transaction. It is always at the bank’s discretion to decide whether or not to let your account be overdrawn. The bank usually makes this decision systematically based on customer factors such as tenure with the bank, deposit frequency, overdraft history, bankruptcy history, etc. When the bank does allow your account to be overdrawn, you may receive an overdraft fee. Overdraft fees can be waived with 24-Hour Grace when you bring your account balance above -$5.1 If the bank doesn’t allow your account to be overdrawn, your transaction will not go through and this can result in a Return Fee. Return fees cannot be waived by 24-Hour Grace.
  • Your overdraft elections will also have a direct impact on whether we will let your account be overdrawn. Huntington Bank Overdraft Fees Explained
  • The best way to protect yourself from overdraft fees and returns fees is to know your balance and be sure you don’t try to spend money you don’t have.

Different Types of Overdraft Fees

• Link a Savings Account or Money Market Account
  • Money can be automatically transferred (if you have enough money in your linked account) to cover overdrafts in increments of $100. The transfer fee is $0.4
• Link a Personal Credit Line Huntington Bank Overdraft Fees Explained
  • Money can be automatically transferred to cover overdrafts up to your available credit in increments of $100. The transfer fee is $0. Transfers are subject to the applicable personal credit line APR and are not subject to a grace period.
• Link a Voice Credit Card®
  • Money can be automatically transferred to cover overdrafts up to 10% of your available credit limit. The transfer fee is $0. Transfers are subject to the applicable cash advance APR and are not subject to a grace period.

Overdraft Options For You

Tools & Services To Avoid Overdraft Fees

• Free Overdraft Protection Transfers
  • Sign up for Deposit-to-Deposit Overdraft Protection and if your checking account overdraws, we can transfer funds from a linked account. For free. Learn More
• 24-Hour Grace® Huntington Bank Overdraft Fees Explained
  • Get more time, not more overdraft fees. When your account is overdrawn, 24-Hour Grace® gives you a chance to make it right. Does not apply to Return Fees. Learn More
• All Day Deposit Huntington Bank Overdraft Fees Explained
  • We give you up until midnight when depositing through ATMs or our Mobile App, so you don’t have to worry about earlier cut-off times. Learn More
• Mobile App with Quick Balance
  • Not only does our Mobile App let you deposit checks, pay bills and transfer funds – the Quick Balance feature displays your balances with just one tap. Learn More
• Online Banking
  • Huntington Online Banking is an easy way to stay in control of your finances. Transfer money, pay bills, view balances and transaction histories. All you need is an internet connection. Learn More
• Account Alerts Huntington Bank Overdraft Fees Explained
  • Choose emails or text messages and receive transaction alerts that can help you avoid overdrafts. Custom alerts and mobile banking gives you constant control over your bank account. Learn More

Frequently Asked Questions (FAQs)

• What causes Returned Transactions (Return Fees)?
  • Answer: An overdraft is when the bank allows you to spend more money than you have in your account (for all types of transactions). A Returned Transaction, on the other hand, is when the bank does not allow you to spend more than you have in your account for transactions you make by Checks, Electronic Payments, or Transfers. A transaction may be returned because either your overdraft preference for Checks, Electronic Payments, and Transfers is Opt Out, or because the bank did not pay your transaction at its own discretion. (The bank usually systematically evaluates if the bank will pay an overdraft based on a variety of factors such as tenure, deposit frequency, overdraft history, bankruptcy history, etc.).
• I “bounced” a check and got a return fee, does 24-Hour Grace® apply?
  • Answer: No. 24-Hour Grace® applies only after we allow a transaction to go through and your account becomes overdrawn. Receiving a Return Fee is the result of a transaction that was not allowed to go through and was returned.
• How can I avoid Overdraft Fees?
  • Answer: 1. The best way to protect yourself from Overdraft Fees is to know your balance and be sure you don’t try to spend money you don’t have.
  • 2. Sign up for overdraft protection.
  • 3. Decide what overdraft options you want for your: 1) ATM & Debit Card Transactions and your 2) Checks, Electronic Payments and Transfers.
  • 4. Understand the different tools and services Huntington offers to help you avoid Overdraft Fees. Huntington Bank Overdraft Fees Explained
• Can I overdraft with a check?
  • Answer: Yes. If you selected “Opt In” (default election) as your overdraft preference for Checks, Electronic Payments and Transfers, you are giving Huntington permission to consider these transactions for payment and overdraw your account.
  • Remember, it is always at the bank’s discretion to decide whether or not to let that transaction go through.
• Will I get charged an overdraft fee if my debit card purchase was denied?
  • Answer: No. If your debit card purchase was denied, you will not receive an Overdraft Fee. Huntington Bank Overdraft Fees Explained
• How do I sign up for Overdraft Protection?
  • Answer: You can sign up for overdraft protection option anytime by visiting a Huntington branch or calling (800) 480-2265.
• How do I change my overdraft options?
  • Answer: You can change your overdraft options anytime by visiting a Huntington branch or calling (800) 480-2265.
• What causes extended overdraft fees?
  • Answer: If your account is overdrawn for five consecutive business days, we will charge you a fee on the next business day (if your account is still overdrawn). While your account remains overdrawn, we will charge you an additional $25 fee every fifth business day up to a maximum of four fees, or $100.
• Does 24-Hour Grace® cover extended Overdraft Fees?
  • Answer: No. 24-Hour Grace® only applies to Overdraft Fees. 24-Hour Grace® is designed to give you until midnight the day after you overdraw your account to make a deposit or transfer that brings your account balance to the courtesy amount (including new transactions from that day) to avoid an Overdraft Fee. Extended Overdraft Fees are charged outside of the 24-Hour Grace® time period.
• When does the 24-Hour Grace® period start and how much time do I have to avoid an Overdraft Fee? Huntington Bank Overdraft Fees Explained
  • Answer: 24-Hour Grace® gives you until midnight the day after you overdraw your account to make a deposit or transfer that brings your account balance to the courtesy amount (including new transactions from that day) to avoid an Overdraft Fee. For example, you overdraw your account on a Tuesday. You have until midnight on Wednesday to bring your account balance to the courtesy amount. You usually will receive some communication from us the business day after you overdraw your account, which is Wednesday in our example.

Huntington Bank Mobile App – Download

You can download the Huntington Bank Mobile App via iOS or Android!

• iPhones
  • Huntington Bank Mobile App take the great features from Online Banking and build them into an easy-to-use tool. And since they’re designed especially for your phone or iPad®, they’re easy to read and navigate, too. You can download the app via iOS here.
• Androids
  • Whether you want to check your balance while shopping, pay a bill while waiting in line at the movie theatre, make a check deposit or just want to locate an ATM in a new town, now staying in control of your finances is just a few simple taps away. You can download the app via Android here.

Still Have Questions?

If you can’t find what you’re looking for, let Huntington Bank know. They’re ready to help in person, online or on the phone. You can contact them 24 hours a day, 7 days a week. 1-800-480-BANK (2265).

Author’s Verdict

It’s important to keep ourselves updated with what balance we have in our accounts. If we do not have enough and we tend to overspend or spend what we don’t have, we’ll be hit with a not-so-pleasant fee aka overdraft fees. Let us know in the comment section below if this Huntington Bank Overdraft Fees Explained post helped you gain some clarity! Be sure to check back for more Huntington Bank Tips, Bonuses, Offers, Promotions, Guides, and more! Let us know what type of posts you’d like to see whether it be more bank guides, deals, offers, etc! Refer BankDealGuy to your friends and family so they can benefit and learn financially! Your feedback is very important to us! If you’re interested in more info regarding Huntington Bank offers, check out our full listing of Huntington Bank Deals Bonuses. Be sure to check back on BankDealGuy for more bank deals!