Press release
Huntington Launches Early Pay Giving Customers Early Access To Paychecks At No Extra Cost
Early Pay adds to Huntington's suite of digital and Fair Play Banking products that make banking easier for customers COLUMBUS, Ohio, June 28, 2021
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"Early Pay adds to Huntington's suite of digital and Fair Play Banking products that make banking easier for customers\n\n\nCOLUMBUS, 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.\n\n \n \n \n \n \n \n\n \nCustomers 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.\n\"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.\"\nEarly 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.\nThese 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...