Posted by William Charles on August 26, 2018
Bank Account Bonuses

Published on August 26th, 2018 | by William Charles

31

[Expired] [OH, MI, IN, PA, KY, WV, IL & WI] Huntington Bank $150 Savings Bonus

Bonus doesn’t actually work when you try to open the account, just errors out. Marking this as expired. As always click here for the best current checking bonuses.

Update 08/26/18: Bonus is back and valid until October 5th, 2018. Hat tip to reader David.

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: Must reside in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia, Wisconsin
  • Deposit required: $10,000
  • Deposit length required: 60 days
  • Hard/soft pull: Soft
  • ChexSystems: Doesn’t pull
  • Credit card funding: None
  • Monthly fees: $10
  • Early account termination fee: None
  • Household limit: One
  • Expiration date: October 5th, 2018

The Offer

Direct link to offer

  • Huntington Bank is offering a bonus of $150 when you open a new Huntington Relationship Savings account and make deposits of at least $10,000 within 30 days of account opening and maintain that balance for at least 60 days.

 

The Fine Print

  • To be eligible for this offer, click Apply Online or Request a Branch Coupon from this page, so that the promotion code gets claimed at the time of account opening
  • Deposits must be new money to Huntington. “New Money” is defined as money that is not currently, or was not previously in the last six months, on deposit in any Huntington account.
  • Transfers from another Huntington deposit account do not qualify. Offer is limited to one account per household. Remember, for tax purposes you will receive a form 1099-INT from us for your cash bonus.
  • Your $150 bonus will be deposited into your new savings account within 14 days of meeting the above requirements.
  • Unfortunately, this offer is not available to existing savings customers, including fiduciaries, or those with savings accounts closed within the last six months.
  • Bank reserves the right to limit each customer to one new account related gift incentive per calendar year.
  • Savings account must remain open in order to receive the bonus. Remember, for tax purposes you will receive a Form 1099-INT from us for your cash bonus.
  • This offer is only available to online applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia, Wisconsin
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has a $10 fee, this can be waived if you do any of the following:

  • Link a Huntington 5, Huntington 25 or Private Client account
  • Maintaining in the account an average daily balance of $2,500 for the calendar month for the calendar month, if you receive quarterly statements, or for the statement cycle, if you receive monthly statements.

Our Verdict

This works out to be an APY of 9.125%+ but keep in mind you’re only getting this for 60 days and then the account is basically worthless. The other thing to keep in mind is that the fine print states ‘Bank reserves the right to limit each customer to one new account related gift incentive per calendar year’ and Huntington Bank has offerered $200 on their personal checking account in the past and in my opinion that is much better offer. People have successfully gotten the bonus on a personal and business checking account in the same calendar year and we now have a report of a reader getting both a personal checking and savings bonus.  Until we confirm this is possible we won’t be adding this to our list of the best savings account bonuses.

Useful posts regarding bank bonuses:



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Don B.
Don B.

I had a targeted checking account offer for $250 for the asterisk free checking (standard deposit $1,000 and receive bonus in 14 days language) that I opened in July. Since I need to close my Chase checking account to cycle that bonus, I will try the $150 savings account bonus this Saturday, August 12th. I will report back if both the checking and savings bonuses can be done in the same calendar year.

Klad
Klad

Thank you Don.. I will wait for your response and will try it once I have access to my money held in Chase for savings bonus.

Klad
Klad

Hey Don,
Did you try it?

Don B
Don B

I deposited $15k from my now closed Chase Checking & Savings Accounts for this $150 offer on 8-12-17. I would expect the deposit to post by the third week of October.

Klad
Klad

Thanks for the update, Don!

Don B.
Don B.

I can now confirm that you can received both a Huntington Checking and Savings account bonus. I received my $250 checking account bonus on 7-25-17 and I have received my $150 Savings account bonus on 10-17-17. I deposited the required $10,000 (actually $15,000 from a Chase checking bonus) on 8-12-17, so 60 days is a very good estimate to received the bonus. An easy $400 this year without needing a direct deposit. That’s a win in my book!

Klad
Klad

Thanks, Don.. Opened the account with 10K deposit and waiting for 60 days followed by bonus posting.. easy 350 for me from Huntington..

John
John

Did anyone try this out? Especially anyone with a Huntington checking account already

Scott
Scott

I technically earned the $150 checking account in 2016 and kept it open until May to avoid the early closure fee. In February I opened a money market for the 3 month 1.5% APR and in May opened the savings account with $10k of new money and closed my checking a week later and received the savings account bonus last month.

Klad
Klad

I am assuming you received the Checking bonus in 2016. If that is the case, then Savings account bonus in 2017 is fine if I understand the fine print correctly.

stacker
stacker

I received an email today for the same offer except $100 bonus with $5000 deposit.

Yet Another Redditor

Huntington Savings $150 Offer – pulled early.

stacker
stacker

If you already have a Huntington checking account they may still send you a targeted email offer. That’s what I have and they sent a targeted email.

Mark
Mark

Why you say this is expired? It still works now.

MP90
MP90

As a quick note, I did another huntington bank offer a while back and when I attempted to close the account multiple times I was rejected, told it was in branch only. I managed to convert to asterisk free, but now it just sits.

EO
EO

Just received my bonus for the savings account today (10/17). $10,000 deposit was placed on 8/14. I had received a checking account bonus earlier this year, so you can obviously do both. I know the fine print was ambiguous on this point, so just wanted to let others know.

Klad
Klad

Thanks EO.. this is great.. hoping to get mine too soon (waiting for 60 days)

Jen
Jen

I received the $150 Relationship Savings bonus on 10/17/17 and also received a $200 bonus for another account (can’t recall if it was for a checking or savings account, but I believe the $200 offer was for a checking account) in Feb 2017.

Andrew
Andrew

got my $150 on 10/24.

As a DP I had also received the checking AND the business bonuses already this year.

Jatan
Jatan

8/14 Opened account
8/17 $10k deposit posted
10/24 $150 bonus posted
10/25 Downgraded account to Premier using online chat

I can also confirm no problem doing both personal checking+savings in 2017 — did the $200 checking offer back in June and downgraded to Asterisk-Free checking after getting the bonus. Pulling out funds now — will close both accounts next week when I’m near a local branch

Mike
Mike

This page is not currently available. To inquire about this offer, please call us at 1-866-803-5521 or visit your nearest branch office for more details.

Ryan
Ryan

Telling me the code is no good…

Mike
Mike

Doc, the link does not work.

Marcus Mayo
Marcus Mayo

This mentions new accounts, but I have an offer from Huntington for depositing $10,000 into an existing savings account. Is it the same requirements? I can’t find an length of time in the fine print. Do I just transfer money from another savings account into this one for 60 days and then move it back into a higher yielding account?

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Does not work for me

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