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.
The story you’re reading is premium content for subscribers of the Dayton Daily News, Springfield News-Sun and Journal-News. Not a subscriber? Get total access to all our in-depth news and exclusive content here.
For Subscribers: Sign in here if you have already registered your account.Sign In
For Subscribers: Register your account for digital access.Access Digital
Read MyDaytonDailyNews.com now — 24-hour digital pass99¢ for 24 hours
Read MyDaytonDailyNews.com all week — weekly digital pass$3.99 per week
Subscribe for as little as 33¢ per dayView Offers
Read more from our interview with Huntington CEO Stephen Steinour online in a Q&A at mydaytondailynews.com