Huntington Bank Bonuses: April 2024

Get up to $600 by opening a new personal checking account

Fact checked by Michael Rosenston

Bank promotions offer a low-effort way to earn some extra money. Banks like Huntington Bank offer valuable incentives to open new checking and savings accounts. 

Through Huntington Bank you can earn hundreds in cash bonuses simply by opening a new personal checking account and meeting the bank’s minimum deposit requirements.

Huntington Bank: Perks Checking – $400

• Bonus Amount: $400
• Promotion Expiry: June 7, 2024
• Qualifications: Direct deposit

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How to Get the Bonus 

1. Open a new checking account: If you live in a state where Huntington Bank operates, you can open a new checking account online or in person at a local branch. If opening an account online, you must open it through the checking account promotion page; otherwise, the bonus will not be applied. 
2. Sign up for direct deposit: Receive a qualifying direct deposit within 90 days of account opening. Qualifying deposits are regular, periodic payments, such as payroll, pension, or government payments. 
3. Wait for the cash bonus: You will receive the bonus within 14 days of meeting the promotion requirements. 

Important

Huntington Bank is a regional bank that operates in only 11 states. To open an account and qualify for a bonus, you must be a resident of one of the following states: Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin.

Bonus Restrictions and Account Fees

The $400 bonus is only for new checking account customers. Existing customers and those who have closed a Huntingon Bank checking account within the past six months are not eligible. 

The following fees apply: 

• Monthly maintenance fee: $10; the fee is waived if you make monthly deposits to the account totaling $1,000 or more
• ATM fee: $0 for transactions at Huntington Bank ATMs; fee waived on first five non-Huntington ATM withdrawals per month plus the ATM operator’s fee is reimbursed, after that a $3.50 fee applies for non-Huntington ATM use
• International transaction fee: 3% of the transaction amount
• Overdraft fee: $15 per overdraft item

Huntington Bank: Platinum Perks Checking – $600

• Bonus Amount: $600
• Promotion Expiry: June 7, 2024
• Qualifications: $25,000 in new money deposits

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How to Get the Bonus 

1. Open a new account: Open a new account online or in person at a Huntington Bank branch. If you plan on opening the account online, make sure to apply through the checking promotion page or you won’t receive the bonus. 
2. Deposit $25,000 within 90 days: You must deposit $25,000 or more within 90 days of account opening and keep your account open for at least 90 days. The money doesn’t have to be deposited all at once; it’s the cumulative total that counts. 
3. Receive the bonus: Once you meet the promotion requirements, Huntington Bank will deposit the bonus into your account within 14 days. 

Bonus Restrictions and Account Fees

The bonus is only available to new checking account customers. Existing customers, including those with other types of accounts with Huntington Bank, are not eligible. Transfers from other Huntington Bank accounts do not count as qualifying deposits. 

The following fees apply: 

• Monthly maintenance fee: $25; the fee is waived if you maintain a balance of $25,000 or more in Huntington Bank accounts
• ATM fee: $0 for transactions at Huntington Bank ATMs; fee waived on first five non-Huntington ATM withdrawals per month plus the ATM operator’s fee is reimbursed, after that a $3.50 fee applies for non-Huntington ATM use
• International transaction fee: 3% of the transaction amount
• Overdraft fee: $15 per item

Compare Huntington Bank Promotions

Download Huntington Bank’s mobile app to view your account, make deposits, and cash checks. Huntington Bank was ranked the number one regional bank in the 2022 J.D. Power U.S. Banking Mobile App Satisfaction Study.

Frequently Asked Questions

Are Huntington Bank Promotions Taxable?

The cash bonuses you receive from Huntington Bank checking promotions are taxable as income. Huntington Bank will send you a Form 1099-INT (Interest Income) for the cash bonus, and it must be reported on your tax return.

How Do Promotions From Huntington Bank Compare With Other Banks?

Many banks offer incentives to encourage new customers to open checking accounts. Huntington Bank’s cash bonuses are higher than many other banks offer. That’s particularly true for the Perks Checking promotion, which only requires a qualifying direct deposit.

For example, TD Bank’s Convenience Checking account usually requires a specific deposit amount to earn the bonus. By contrast, Huntington Bank doesn’t have a minimum dollar amount for the Perks Checking bonus.

What Regions Does Huntington Bank Serve?

Huntington is a regional bank, so it’s not available to customers nationwide. To open an account, you must live in one of the 11 states where it operates: Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. If you live in another state, check out our picks for the best bank bonuses of 2023.

What Is a Promotional Incentive From Huntington Bank?

Like other banks, Huntington Bank periodically issues promotional offers to attract new customers. When a new customer opens a checking account and meets the promotion requirements, Huntington Bank rewards them with a cash bonus. 

Read the original article on Investopedia.