Introducing Standby Cash

Flat tire? Fridge need fixing? Cracked phone screen?

We know expenses add up, emergencies happen, and sometimes money gets tight. That's why we invented Standby Cash.

Huntington customers can qualify for a digital-only $100 to $1,000 line of credit based primarily on their checking deposit history, not their credit score. Just pay it back over three months. And, it's absolutely free when you set up automatic payments. Otherwise, a 1% monthly interest charge (12% APR) applies to the outstanding balances.

To qualify for Standby Cash, you need $750 or more in monthly deposits to a Huntington personal checking account for three consecutive months. Other eligibility requirements apply.

See How

We could all use a little cash on standby.

If it seems too good to be true, we get that. But for us, it's pretty straight-forward: it's our way of looking out for people. And everyone could use a little help nowadays.

There when you need it

Once you open Standby Cash, you can transfer cash to your checking account instantly. As long as you continue to meet the qualifications, it's there when you need it.

Free Cash on Standby

Just pay it back over three months. And, it's absolutely free when you set up automatic payments. Otherwise a 1% monthly interest charge (12% APR) applies to the outstanding balances. There are no hidden fees: no transfer fees, late payment fees, early repayment fees, or account closure fees.

Why do this?

Huntington looks out for our customers by innovating tools like Standby Cash. If this sounds a little too good to be true, we get that. But it’s not. Financial tight spots happen to everyone, and this is our way of looking out for you.

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Standby cash is more than extra money when you need it.

Helps you live your life

Unexpected expenses? You can use Standby Cash to pay for emergencies that pop up or to get out of a financial tight spot.

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Helps make overdraft fees avoidable

Once you open Standby Cash, you can use it to avoid overdraft fees. Transfer money to your checking account to cover your overdraft balance before midnight the next business day, while 24-Hour Grace® is in effect. Otherwise, your Standby Cash line will be locked until your account is no longer negative.

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Establishing credit

Your eligibility for Standby Cash is based primarily on your checking deposit history with us, not your credit score. Once you activate Standby Cash, the account and your activity (like how much of a line of credit you qualify for, how much of your line of credit you use, and on-time or late payments to your line of credit) are reported to credit reporting agencies, so it could positively or negatively affect your credit score.§

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Ready to get your Standby Cash?

If you're already a Huntington checking customer, you're halfway there.

Log in to online banking or the Huntington Mobile app to see if you qualify.

Open Standby Cash with just a few clicks.

Standby Cash is available for immediate transfer into your checking account.

Need to set up an account? We have options for everyone.

To qualify for Standby Cash, you need $750 or more in monthly deposits to a Huntington personal checking account for three consecutive months. Other eligibility requirements apply.

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Clicks or Taps? Either Way, We've Got You.

Access Standby Cash by logging into your account using Huntington Online Banking or the Huntington Mobile App.

Download the App


Standby Cash FAQ

General
What is Standby Cash?

Answer: Standby Cash is a digital-only line of credit available to Huntington customers based primarily on your checking and deposit history, not your credit score. It’s money you can borrow on an ongoing basis, so long as you remain eligible. Lines of credit allow you to use money, repay it, and then use it again without needing to reapply. Eligibility for Standby Cash is based on your account balances, monthly deposits, and overdrafts. In order to see if you are eligible for or to access Standby Cash, customers will need to enroll in online banking at Huntington.com. For eligible customers who have enrolled in Standby Cash - money can be transferred immediately into your Huntington deposit account and will need to be repaid over 3 months. If you pay back with automatic payments, there are no interest or fees.

How does Standby Cash work?

Answer: Upon qualifying for Standby Cash, you have the option to open a Standby Cash account. Once opened, you can transfer any amount up to your credit limit into your account. To pay back Standby Cash free of interest, simply set up automatic payments, and pay back the amount you transferred over 3 months. Without automatic payments, there is 1% monthly interest on your current balance (12% APR). Once the money is paid back, it’s available to use again so long as you maintain eligibility.

Why would Huntington do this?

Answer: Managing money isn’t always easy, there are times when money gets tight - we created Standby Cash to help. We understand unpredictability and what our customers go through. We’re for people, and our mission is to reinvent banking so that it looks out for people, just like you.

Eligibility
How do I qualify for Standby Cash?

Answer: At a high level:

  • A checking account that has been open and active for at least 90 days
  • Enrolled in online banking
  • A minimum of $750 deposited each month for 3 consecutive months
  • Average checking account balance over $0 for the past 30 days
  • None of your Huntington accounts overdrawn for more than 24 hours

How do I know if I am eligible for Standby Cash?

Answer: Login to online banking at huntington.com or the Huntington Mobile App to check eligibility (You can track your progress towards eligibility through online banking at huntington.com or the Huntington Mobile app – once eligibility tracker is live). Look for Standby Cash under your Credit section on The Hub. If you are eligible, we will show your available line amount there.

I’m a new Huntington customer, how long before I know if I’m eligible for Standby Cash?

Answer: Standby Cash is available to customers once they reach all eligibility requirements, including having an account that is open and active for a minimum of 90 days.

My Standby Cash credit limit changed, why?

Answer: Standby Cash credit limits are determined based on your deposit activity, account balances, and overdraft history at each statement cycle. You will receive an alert via email and/or text notifying you of any changes to your credit limit. Message and data rates may apply.

I already used Standby Cash once, can I use it again?

Answer: Yes! As long as you continue to meet eligibility requirements, you can use Standby Cash as many times as you need. If you use 100% of your Standby Cash credit limit at any point over three consecutive statement cycles your Standby Cash account will be suspended until the entire balance is paid off.

How long is my Standby Cash account good for/how long do I have access to it? When does it close?

Answer: Your Standby Cash account remains open as long as you remain eligible and your qualifying deposit account remains open. If you want to close the Standby Cash account, contact us at 800-480-2265.

What happens if I close my qualified checking account, do I still have access to my Standby Cash account?

Answer: No. If you close your qualified checking account, you will no longer have access to make additional transfers from your Standby Cash account. Your Standby Cash account will be visible until your outstanding balances are paid off. Once paid off in full, your Standby Cash account will be closed.

Payments
How do I repay my Standby Cash line of credit?

Answer: You can make your payments through transfers within online banking, or you can set up automatic payments. Pay it back over three months using automatic payments, and it’s free. Otherwise, a 1% monthly interest charge (12% APR) applies to the outstanding balances.

Can I pay off Standby Cash early?

Answer: Yes, customers can make payments at any time within The Hub in online banking.

What if my Standby Cash payment is late?

Answer: You'll get an alert via email and/or text before your payment is due, and another alert if a payment is past due. Message and data rates may apply. If your account has a past due amount, you won't be able to transfer any more money from Standby Cash. You can still make payments though. Failure to pay can result in account default and closure. We report account activity to credit bureaus, so your use could positively or negatively affect your credit score. To make it more convenient, set up automatic payments so you don’t have to worry about remembering payment dates.

What happens if I don’t have enough money in my account for automatic payments?

Answer: Automatic payments won't overdraw your account. However, automatic payments reduce the amount of money in your account to cover other transactions, so you should ensure your account has sufficient funds. If your account balance doesn't cover an automatic payment on the day it is due, we'll automatically attempt the payment again when you have sufficient funds.

One of my accounts is overdrawn. What happens to my Standby Cash line of credit?

Answer: If you already opened your Standby Cash account and 24-Hour Grace® is in effect, you can use Standby Cash to cover your overdraft. Standby Cash will not automatically cover an overdraft, so be sure to take action as soon as possible by transferring money from your Standby Cash account to cover your overdrawn account by midnight the next business day. If you qualified but haven’t opened a Standby Cash account yet, you can open and use your Standby Cash to cover your overdraft while 24-Hour Grace® window is in effect. If your account is overdrawn for more than one day, you won’t be able to open a Standby Cash account or transfer money from an open Standby Cash account until your overdrawn account is restored to a positive balance.

Are there really no fees or interest on Standby Cash?

Answer: To skip the interest and enjoy Standby Cash absolutely free, set up automatic payments. Otherwise, you'll pay a 1% monthly interest charge (12% APR) on your current balance at each statement. To avoid interest, set up automatic payments before 5 p.m. ET on your statement date. If your statement date falls on a weekend or holiday, update your settings by 5 p.m. ET the previous business day.

Credit Information
Will Standby Cash affect my credit? How? When?

Answer: We won’t check your credit when determining qualification, since Standby Cash is primarily based on your checking account activity. However, once you open a Standby Cash account, Huntington reports certain activity like payment history to the three main credit agencies. As always, use credit responsibly to help, not hurt, your credit score. Don’t forget that that a high credit utilization rate (the amount of total available credit that you are using) has the potential to impact your credit score.

When used responsibly, Standby Cash can help customers build their credit. Huntington will report on-time (and missed) payments each billing cycle to the credit bureaus. However, late payments have the potential to negatively impact your credit score.

Can I request a higher credit limit?

Answer: Standby Cash credit limits are based on your deposit activity, account balances, and overdraft history. While you can’t request a change, you might become eligible for a higher amount based on your account activity. If you need access to more money, talk to your Huntington banker about other options like a personal loan.

Is there a limit to how much I use my Standby Cash account?

Answer: You can transfer any amount of Standby Cash, from $1 to your full credit limit. You can make multiple transfers and pay back each transfer in equal installments over three months. If you use 100% of your Standby Cash three months in a row, your account will be suspended until you pay back the full amount you've used. Don’t forget that that a high credit utilization rate (the amount of total available credit that you are using) has the potential to impact your credit score.

What is a line of credit and how does it work?

Answer: A line of credit is money you can borrow on an ongoing basis. With a line of credit, you can have access to funds as needed, within a predetermined credit limit. Lines of credit allow you to use money, repay it, and then use it again without needing to reapply.

What does 12% APR mean?

Answer: APR stands for Annual Percentage Rate. It is the amount of interest you will pay annually on money that you borrow. If you do not set up automatic payments to repay your Standby Cash, you will pay a 1% monthly interest charge (12% APR) on outstanding balances.

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Subject to terms and conditions and other account agreements. Available through online banking or the Huntington Mobile app to individuals with an active consumer checking account open at least three months with consistent monthly deposit activity of $750 or more. Other eligibility requirements apply. Amount available through Standby Cash is subject to change based on changes to customer eligibility, including checking and deposit activity, overdrafts, and daily balances. A 1% monthly interest charge (12% APR) will be added to outstanding balances if automatic payments are not scheduled. If 100% of the approved credit line is drawn three months in a row, Standby Cash will be suspended until it’s paid to a zero balance. When any of your Huntington deposit accounts are in an overdraft status for more than one day, your Standby Cash line will be suspended until they are no longer negative. Business checking accounts are not eligible for Standby Cash.

Standby Cash may only be used to fix an overdraft while 24-Hour Grace®is in effect. If any of your checking or deposit accounts remain overdrawn for more than one day, your access to Standby Cash will be suspended. Once your accounts are no longer overdrawn, your access to StandbyCash may be reinstated.

§ Once you activate Standby Cash, the account and your activity are reported to credit reporting agencies, so your use could positively or negatively affect your credit score.

24-Hour Grace® does not apply to returned items and their associated fees.

24-Hour Grace® is a federally registered service mark of Huntington Bancshares Incorporated. The 24-Hour Grace® system and method is patented. U.S. Pat No. 8,364,581, 8,781,955, 10,475,118, and others pending. Standby CashSM is a service mark of Huntington Bancshares Incorporated. Patent pending.