Press release
Huntington Introduces 24-Hour Grace® for Business and a No Overdraft Fee $50 Safety Zone for Consumers and Businesses
Newest industry-leading features demonstrate bank's ongoing commitment to delivering overdraft fee relief to customers COLUMBUS, Ohio, Sept. 14, 2020
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"Newest industry-leading features demonstrate bank's ongoing commitment to delivering overdraft fee relief to customers\n\n\nCOLUMBUS, Ohio, Sept. 14, 2020 /PRNewswire/ -- In direct response to customer feedback, Huntington (Nasdaq: HBAN; www.huntington.com) today announced two new features in its overdraft-protection lineup: 24-Hour Grace for Business and a no overdraft fee $50 Safety Zone. \n\n \n \n \n \n \n \n\n \nTo help customers navigate the current recession caused by the pandemic and manage their long-term financial health, Huntington is providing additional and ongoing support for businesses and consumers. In 2010, Huntington separated from the industry when it introduced its \"Fair Play Banking\" approach as a bold commitment to do the right thing for its customers. A decade later, Huntington, the nation's No. 1 Small Business Administration 7(a) lender by volume, is reaffirming its commitment to looking out for people by adding new features that help them avoid paying overdraft fees at a time when they may need it most. \n\"This is an important moment. Exactly 10 years ago this month, we made a commitment to do more to look out for our customers' financial well-being at a critical time. A decade later, we're doubling down on our 'Fair Play Banking' philosophy to help people,\" said Huntington CEO Steve Steinour. \"While we are again forgoing some fee income with 24-Hour Grace for Business and a no overdraft fee $50 Safety Zone, doing the right thing is also good business. We believe it will not only help us grow, but also demonstrate that we put our customers at the center of all we do.\" \n24-Hour Grace Available for Consumers and Business Customers 24-Hour Grace is the first and only service of its kind that gives consumer, business and commercial customers additional time to cover overdrafts on their checking accounts. With 24-Hour Grace, Huntington will automatically waive the overdraft fee as long as the customer makes a deposit during the next business day to resolve the overdraft. 24-Hour Grace is available for free on all Huntington consumer, business and commercial checking, savings and money market products. \nNo Overdraft Fee $50 Safety Zone for Consumers and Businesses Huntington is also introducing a no overdraft fee $50 Safety Zone that is safe from overdraft fees as long as the account is overdrawn by $...