Overdraft Fees Explained

We want you to avoid overdraft fees. Having a clearer understanding of overdrafts is a good place to start.

A checkbook, the back of a debit card and a calendar reading “24 Hour.”

What is an overdraft?

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.

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.

Understanding different types of fees.

Understanding different types of fees.
Type of Fee What It Costs What It Means Would 24-Hour Grace® Apply?
? Overdraft Fee $37.50 Fee charged if we allow a transaction to go through even though you don't have enough money in your account2.

YES

? Return Fee $37.50 Fee charged when you don't have enough money in your account and we return an item (for example, a check is "bounced" or a transaction is returned unpaid)3.

NO

? Extended Overdraft Fee $25 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.

NO

For a printable copy of overdraft fees, click Download.
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Learn More about 24-Hour Grace

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
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.5
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.5

Choose the overdraft options that are right for you.

Choose the overdraft options that are right for you.
Overdraft options Opt In Opt Out
? ATM & Debit Card Transactions

The bank has your permission to consider authorizing transactions even if you don’t have enough funds in your account. (It’s still at the bank’s discretion to decide.)

You could incur Overdraft Fees if you don’t take advantage of 24-Hour Grace® and your account remains overdrawn after midnight the next business day.

If Huntington elects not to overdraw your account, your transaction could still be declined, but you will not incur an Overdraft Fee.

(Default Election)

Transactions may be declined if you don’t have enough money in your account.

You will not incur an overdraft fee.

? Checks, Electronic Payments, and Transfers

(Default Election)

The bank has your permission to consider paying transactions even if you don’t have enough funds in your account. (It’s still at the bank’s discretion to decide.)

You could incur Overdraft Fees if you don’t take advantage of 24-Hour Grace® and your account remains overdrawn after midnight the next business day.

If Huntington decides not to overdraw your account, your transaction will likely result in a Return Fee and additional fees from the merchant.

Transactions may be declined if you don’t have enough money in your account.

This could result in a return fee from Huntington and additional fees from the merchant.

For more details on overdraft options, click Learn More.
Learn More
Learn More

Avoid overdraft fees with these tools and services.

Free overdraft fee relief

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 overdraft fee relief

24-Hour Grace®

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

All Day DepositSM

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 balance

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

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 overdraft alerts

Account Alerts

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

Have more questions about overdrafts?

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.

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.

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?

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.

1 We must receive your deposit by the next business day after your account is overdrawn by making a deposit at a branch before closing or before midnight at an ATM, by mobile deposit, or online transfer. Ensure your deposit covers all other transactions occurring that day in addition to the amount you are overdrawn.

2 The first overdraft fee in a 12-month period is $23. There is no overdraft fee assessed when an account is overdrawn by less than $5. Limit of four fees per day.

3 The first return item fee in a 12-month period is $23. Limit of four fees per day.

4 Regulations limit the number of transfers that can be made on savings and money market accounts during a calendar month or statement cycle. See additional information in the Account Documents.

5 Remember that the terms and conditions for funding account still apply, such as interest and transaction limitations.

6 Regulations limit the number of transfers that can be made on savings and money market accounts during the calendar month or statement cycle. See a banker or your deposit account agreements for more information.

7 Carrier's message and data rates may apply.

Member FDIC. ®, Huntington®, Voice Credit Card®, ® and 24-Hour Grace® are federally registered service marks of Huntington Bancshares Incorporated. Huntington® Welcome.℠ and All Day Deposit℠ are service marks of Huntington Bancshares Incorporated. The 24-Hour Grace® system and method is patented. U.S. Pat. No. 8,364,581. ©2016 Huntington Bancshares Incorporated.


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