Press release
Huntington Launches Money Scout(SM) To Help Customers Find Extra Savings
Latest digital tool proactively looks out for customers' financial future COLUMBUS, Ohio, Sept. 8, 2020 /PRNewswire/ -- To help address the critical need many
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"Latest digital tool proactively looks out for customers' financial future\n\n\nCOLUMBUS, Ohio, Sept. 8, 2020 /PRNewswire/ -- To help address the critical need many people have to save money, Huntington (Nasdaq: HBAN; www.huntington.com) today announced an innovative new way to save. Money Scout, the latest evolution of The Hub, is an automatic savings tool that scans customers' accounts and looks out for money they can set aside. By enrolling in Money Scout, customers can build their savings without lifting a finger. \n\n \n \n \n \n \n \n\n \nHuntington developed Money Scout to create real savings solutions to make life easier for customers. The bank's Midwest Money Mindset survey revealed Money/Finances as a top driver of stress for people even before the COVID-19 pandemic. Now, when there are even more stressors, Money Scout helps look out for customers by using predictive technology so they can focus on looking out for their families. \n\"At Huntington, we're committed to looking out for people, and Money Scout allows us to proactively do so,\" said Andy Harmening, Huntington's director of Consumer and Business Banking. \"We're always looking for ways to make our customers' lives easier, and we're excited to offer a tool that makes it easy to build or rebuild their savings.\" \nMoney Scout analyzes spending habits, income, and upcoming expenses to find money customers aren't using in their checking accounts —from $5 to $50— then moves it to savings, automatically. Money Scout notifies customers when the money moves, and customers can pause, stop or reverse transfers at any time. This allows customers to save small amounts at a time and help establish consistent habits. Plus, it's built within the award-winning Huntington Mobile app and online banking where customers perform their daily transactions.\n\"We're doubling down on creating solutions to make it easier for customers to save and build confidence knowing they can achieve any goal, big or small,\" Harmening said. \"Money Scout is the perfect digital tool to build savings and lay the groundwork for longer-term financial health.\" \nHuntington is also investing in its communities to make customers more financially secure in the future – beyond just savings. The bank recently announced a new, five-year, $20 billion Community Plan that's focused on economic opportunity for...