The Huntington National Bank in 2010 introduced checking accounts with no monthly maintenance fees or minimum balances required; a 24-hour grace period for overdrafts before charging fees; and a debit card with platinum level service for every holder, a move defying industry practices. What made the concept so unusual was the timing. The year before was the onset of a national financial crisis. Huntington’s earnings plunged in 2009 to a negative $3.1 billion on bad loans and other factors.
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Read more from our interview with Huntington CEO Stephen Steinour online in a Q&A at mydaytondailynews.com