Huntington National Bank is a financial institution based in the United States of America. As with all our bank reviews we will be assessing how reliable, cost-effective and accessible Huntington Bank’s international transfers are, in order to help our users evaluate the best options for their cross-border transactions. Additionally, we will cover the Huntington Bank foreign currency exchange rates and fees.
Huntington Bancshares Incorporated is the holding company of US-based banking institution, The Huntington National Bank. Formed in 1866 in Columbus, Ohio, the bank has developed its financial services to offer personal and business customers help with banking, borrowing, investments, insurance, and foreign currency exchange services. The organisation primarily operates in the Midwest and offers Online Banking services to all customers.
In October 2021 the now defunct TCF Bank officially merged with Huntington National Bank. As a result, the Detroit-based TCF Bank closed all existing branches - 198 in total - and these locations were transformed into Huntington branches to ensure a smooth transition.
In this review, we will be walking our users through each area of expertise covered by Huntington National Bank including Huntington Bank's foreign currency exchange rates as we consider whether the bank is a valid option for international money transfers or foreign currency transfers.
This is a national bank that specialises in domestic banking which primarily includes transfers between customers based in the United States. However, the bank does offer wire services for foreign currency transfers, albeit for a high price.
Huntington National Bank primarily focuses on the following 4 domestic transfer options:
Bill Pay: Set up a payee by clicking the Bill Pay tab on your account page in Online Banking; free and easy to use
Real-Time Payments: The RTP® network clears and settles transactions 24/7, 365 days a year; all transactions can be set up online with details available on your account statement
Wire Transfers: You will need to visit your local Huntington National Bank branch to set up domestic wire transfers; this is recommended for larger transfers
Zelle®: The peer-to-peer payment system is supported by the bank, making it easy for customers to transfer small amounts of money with people they know. Although it is a free service, there are limits to how much money can be sent and received: read our review of Zelle® to learn more.
In this section we typically evaluate the foreign currency exchange rates, international money transfer fees and other costs associated with a bank's international transfers. Huntington National Bank does not specialise in these kinds of transactions, however it is possible to send and receive money from overseas, for a cost.
There is limited information online about the Huntington National Bank foreign currency exchange rates; instead, the bank advises customers to contact their local branch to discover specific foreign currency rates.
The bank operates a foreign currency exchange service whereby, for a flat-fee of $8 per order, customers can choose from 75 different foreign currencies. Customers must contact their local branch if you would like to know more information about the Huntington National Bank foreign currency exchange rates and the foreign currency exchange services they offer.
The following fees are applied to wire transfers arranged with the bank:
Transfers to and from Huntington bank accounts: $10.00 USD
Incoming domestic wire transfers: $15.00 USD
Outgoing domestic wire transfers: $25.00 USD
Incoming foreign wire transfers: $15.00 USD
Outgoing foreign wire transfers: $75.00 USD
In addition to the Huntington National Bank exchange rates and large fees listed above, the bank will charge customers $31.00 to stop a payment once submitted, and $10.00 for each transfer that is returned to the bank.
International bank transfer fees are infamously expensive, and Huntington is a prime example. At $75.00 a pop, these international transfer fees are inordinately high and do not come close to the low-cost services offered by leading money transfer companies like OFX, Wise, and WorldRemit.
We want to present a clear and concise list of the advantages and disadvantages of moving money with Huntington National Bank, in a bid to avoid any future disappointment or confusion.
We strive to provide step-by-step instructions on how to set up an international transfer with every different bank we review. However, in the case of Huntington National Bank, the majority of their financial services must be set up in-person by visiting a local branch. For this reason, there are limited online options available.
Before you can send money to a contact in another country, you will need to request their bank account information. This will differ from country to country and ensuring you have the correct information is an imperative aspect of any international transfer. Read our guide on Sending Money to a Bank Account to learn more.
Once you have gathered all the relevant information for your recipient, you will need to visit a local Huntington National Bank branch to complete the wire transfer form. It is worth enquiring about the expected delivery window and transfer fees during your visit. Use the bank’s branch locator to find out where your nearest branch is.
You will need to provide your account number and routing number to the beneficiary, in order to successfully receive funds from overseas. As stated above, a transfer fee of $15.00 will apply to all incoming foreign wire transfers.
It is not possible to transfer money around the world using the Online Banking services or the Huntington Mobile app. For any questions about how to send or receive money overseas, please contact the bank via phone, email or in-person.
The bank offers multiple customer service options which include:
Customer phone lines for various areas of banking: open daily from 7:00 am. to 8:00 pm E.T.
Ask a question on social media: connect with a customer service agent via Twitter or Facebook
Email the customer service team: queries about international services should be sent to email@example.com
Huntington National Bank is a full-service banking provider serving customers in the American Midwest. When it comes to international transfers, the bank facilitates foreign currency transactions, but is not as well-equipped with handling them as specialist money transfer providers. This is evident in the extortionate transfer fees, unclear exchange rates and delivery speed, and the bank’s inability to offer online money transfers.
We would recommend reading our reviews of other money transfer operators before arranging an international transfer with a bank. We guarantee you will save yourself time and money by looking into the alternatives: our money transfer comparison tool is a great way to consider all your options.
We will run through the most pressing questions our users have when debating whether or not to use their bank for international money transfers.