Huntington introduces Early Pay to make payday come early
By Pavithra R
Huntington Bancshares, a $175 bn asset regional bank holding company, has announced the launch of its newest product Early Pay.
Early Pay gives Huntington customers with qualifying direct deposits access to their paychecks and other benefits up to two days early, at no additional cost. There is no enrolling or activating. The product is linked to Huntington’s Fair Play Banking philosophy, which the bank launched more than a decade ago and includes Asterisk-Free Checking, a checking account with no minimum balance requirement and no monthly maintenance fee.
Customers who have consistent qualifying direct deposit history with Huntington will get enrolled in Early Pay automatically to receive access to their paychecks and other benefits up to two days early. This can include salary, pension, Social Security, and military income payments. Eligible customers will also receive automated emails informing them they will be enrolled for their next deposit.
“We must continue to innovate to meet the rapidly changing needs and preferences of our customers. Early Pay is another example of how Huntington listens to customers, addresses pain points and innovates on their behalf,” said Huntington CEO Steve Steinour.
Early Pay follows Huntington’s recent launch of Standby Cash, aimed to help customers with emergency expenses. Standby Cash is a line of credit giving eligible customers immediate access up to $1,000 with no interest or fees if customers sign up for automatic payments.
Founded in 1866, Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus. The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses (SMBs), corporations, municipalities, and other organizations with a comprehensive suite of banking, wealth management, payments, and risk management products and services.
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