24-HOUR GRACE FOR BUSINESS

When you do not have enough money in your account, the bank decides whether it will pay or return an item. An overdraft occurs when you don’t have enough money in your account to cover a transaction, and the bank pays it. Examples are overdrafts caused by check, in-person withdrawal, debit card purchase, ATM withdrawal or other electronic means.

A return occurs when you don’t have enough money in your account to pay an item presented and the bank returns the item without posting it to your account. Examples of returns include checks and electronic payments².

24-Hour Grace for overdrafts

We will not charge an overdraft fee unless your account is overdrawn by more than $50. When your account is overdrawn by more than $50, 24-Hour Grace gives you more time to make a deposit and avoid overdraft fees. Just make a deposit or transfer that brings your account to a positive balance before midnight Central Time of the next business day.

Example:

Let’s say you start the day with $500 in your account and spend $600, your account balance is now -$100. With 24-Hour Grace, we give you until midnight Central Time the next business day to make a deposit or transfer and avoid overdraft fees.

Make a deposit or transfer that brings your account balance positive, including new transactions that are being processed that day, and we’ll waive the overdraft fees.

24-Hour Grace for returns

If you forgot about a check you wrote or an automatic payment that was scheduled to debit your account, and don’t have enough funds in your account, 24-Hour Grace gives you more time to make a deposit to cover any transactions that were presented against your account and the bank would have returned unpaid. Just make a deposit or transfer that covers the amount of all possible return items, plus all new transactions that will post from that day (such as debit card transactions, written checks or scheduled automatic payments), and bring your account balance positive before midnight Central Time of the next business day. If not, the possible return transactions will be returned unpaid, and we will charge a return fee, with up to one return fee per day.

Example:

You have $500 in your account when your $1,500 loan payment is presented against your account as a scheduled automatic payment. If the bank decides not to post that item into overdraft, then it will be a possible return transaction and 24-Hour Grace will give you more time to make a deposit to avoid return fees and have your loan paid.

Make a deposit or transfer that covers the total amount of your possible return transactions, plus any new transactions that are being processed that day, and we’ll waive the return fee and pay your presented transaction.

24-Hour Grace applies to the following transactions:

• Overdrafts: Huntington pays a transaction when you don’t have enough money in your account.
• Returns: Huntington does not pay a check or electronic (ACH) payment when you don’t have enough money in your account. Not all returns may be eligible for 24-Hour Grace.

24-Hour Grace gives you time to act, but it doesn’t act for you.

It’s the bank’s decision whether to make these payments eligible for 24-Hour Grace. Generally, this decision depends on multiple factors related to your banking relationship.

Check and automatic (ACH) payments not eligible for 24-Hour Grace will not be paid even if you make a deposit to cover these items the next business day. You may incur fees from the merchant if your items are returned.

24-Hour Grace is automatically included with every checking, savings, and money market account opening. Customers enrolled in Huntington Heads Up^® alerts³ will receive an email (and/or a text message or push alert) on the morning that they need to make a deposit for 24-Hour Grace. These alerts will let you know whether you have overdraft transactions, possible returned transaction eligible for 24-Hour Grace, or returns not eligible for 24-Hour Grace that you need to address. Additionally, online banking customers will see a notification in their online or mobile Account Details if they are in 24-Hour Grace and a summary of the possible returned transactions.

These alerts³ and messages are scheduled for delivery the morning of the same business day you need to make a deposit to take advantage of 24-Hour Grace.

We offer several self-service channels to check your account balance: online and mobile banking, text, and email alerts³, and through our ATMs and telephone banking service.

You need to check your account balance, but that’s not all. Transactions come to us from many networks and sources at many different times during the day. Some transactions are posted to your account throughout the day, but others can’t be posted until late in the day or very early the next morning when we run our processing. Only you know which checks you wrote or payments you authorized before they get to us, so the best way to stay on top of your correct balance is to continue keeping track of all your transactions.

No. 24-Hour Grace is not an overdraft service that lets you spend more money than you have. Instead, it's a service that gives you more time to make a deposit to avoid overdraft fees and have your possible returns paid.

Overdrafts Only

If your account is overdrawn, make a deposit or transfer that brings your account balance positive (or to at least -$50), including new transactions from that day (such as debit card transactions, written checks, and scheduled automatic payments), and we’ll waive overdraft fees.

Example:

Let’s say you start the day with $500 in your account and spend $600, your account balance is now -$100. With 24-Hour Grace, we give you until midnight Central Time on the next business day to make a deposit or transfer and avoid overdraft fees.

Make a deposit or transfer that brings your account balance positive, including new transactions that are being processed that day, and we’ll waive the overdraft fees. In this example, making a deposit of at least $50 would be enough to waive the overdraft fees ($600 utility bill - $500 already in your account - $50 cushion⁴).

Eligible Returns Only

If your account has returns eligible for 24-Hour Grace (but is not overdrawn), and you make a deposit that covers the total amount of possible return transactions plus any new transactions from that day (such as debit card transactions, written checks, and scheduled automatic payments), we’ll waive return fees and pay the possible return transactions. If a sufficient deposit is not made, the transactions will be returned unpaid.

Example:

You have $500 in your account when your $1,500 loan payment and $100 electric bill are scheduled to auto-pay that day. If we decide not to pay those into overdraft, we’ll give you more time to make a deposit, avoid a return fee, and have your transactions paid with 24-Hour Grace.

Make a deposit or transfer that covers the total amount of your possible return transactions, plus any new transactions that are being processed that day, and we’ll waive the return fee and pay your transactions. In this example, a deposit of at least $1,490 ($1,500 loan payment + $100 electric bill - $60 account balance - $50 cushion⁴) would be enough to waive the return fee and pay your transactions. Any deposit less than $1,490 would result in both the loan payment and electric bill being returned unpaid even if the deposit was enough to cover one transaction or the other.

Overdrafts and Eligible Returns

If your account is overdrawn and has eligible returns, make a deposit or transfer that brings your account balance positive (or to at least -$50), including new transactions from that day (such as debit card transactions, written checks, and scheduled automatic payments) plus the total amount of possible return transactions, and we’ll waive overdraft and return fees and pay the possible return transactions.

If your deposit is enough to bring your account balance positive (or to at least -$50) but not enough to cover the total amount of possible return transactions, we’ll waive the overdraft fees but your possible return transactions will be returned unpaid and return fees charged (up to one return fee per day).

Example:

Let’s say you have $60 in your account when you spend $200 with your debit card. That same day, the $700 check you wrote is being processed. With 24-Hour Grace, we’ll give you more time to make a deposit, avoid overdraft and return fees, and have your transactions paid (if we decide not to pay your loan payment into overdraft).

Make a deposit or transfer that brings your account balance positive, including new transactions that are being processed that day, plus the total amount of your possible return transactions, and we’ll waive the overdraft and return fees and pay your loan payment. In this example, a deposit of at least $790 ($700 loan payment + $200 spent - $60 account balance - $50 cushion⁴) would be enough to waive all overdraft and return fees and pay your loan payment. A deposit less than $790 but enough to bring your account balance above -$50 would waive the overdraft fees, but your loan payment would be returned unpaid and a $36 Return Fee would be charged. A deposit of less than $90 would result in overdraft and return fees charged and your loan payment would be returned unpaid.

You have until before midnight Central Time the next business day after your account is overdrawn. A deposit at a Huntington branch needs to be made before branch closing time on the next business day. A deposit, or transfer at an ATM, through online or mobile banking or through our telephone banking service needs to be made before midnight that next business day.

Acceptable forms of payments include cash or valid check. You can also transfer funds electronically at an ATM, or through our online, mobile, or telephone banking services. Qualifying customers can also access their Standby Cash credit line for help while they're in the 24-Hour Grace window. If you believe you're going to overdraw your account, you can use Standby Cash and make a transfer to prevent the overdraft from occurring¹.

You don’t have to deposit an extra amount to cover the overdraft fees for overdrafts from the prior day. We’ll waive those fees as long as you bring your balance positive (including today’s transactions) and cover the total amount of the possible returned transactions.

You can make a deposit or transfer at one of our ATMs or branches, or you can make a transfer through our mobile, online, or telephone banking services. For example, a deposit of cash or a check at a Huntington ATM prior to midnight Central Time will count, or an online transfer at 11:30 PM CT will count.

No. You should always use an ATM to make an afterhours deposit at a branch. You should not use a night depository or drop box, but if you do, that deposit will be credited to your account no earlier than the business day after the day of deposit and will not meet the 24-Hour Grace deadline.

Unfortunately, if we receive the deposit on midnight Central Time on the next business day or after, your account is considered overdrawn and it will be too late for 24-Hour Grace to work. The deposit must be made before midnight Central Time (or before branch closing time if made at a branch).

While access to certain deposits may be delayed due to holds or our funds availability policy, these holds and delayed availability will most likely impact payment of your possible return transaction. However, we will still waive the overdraft and return fees if your deposit is sufficient for 24-Hour Grace.

Business days are Monday through Friday. Saturdays, Sundays, and federal banking holidays are not business days even if our banking offices, ATMs, website, or other services are open or available for use on those days. So, for example, if the overdraft occurs on Friday, you have until before midnight Central Time on Monday (the next business day) to fix the problem. If that Monday is a federal holiday, you have until before midnight Central Time on Tuesday. If you want to make a deposit at a branch, it needs to be before branch closing time.

The best way to protect yourself from overdraft and return fees is to know your balance and be sure you don’t spend money you don’t have. Here are two more things you can do:

1. Sign up for Overdraft Protection and link a savings account to your checking account. So, if you spend more money than you have in your checking account, we’ll automatically transfer money from your savings to cover the difference for free.
2. Understand the suite of tools and services Huntington offers to help you avoid overdrafts and return fees. Tools like Huntington Heads Up account alerts³.