Huntington Money Scout℠ Service Agreement

Huntington Money Scout℠ Service Agreement

This Huntington Money Scout Agreement (“Agreement”) contains the terms and conditions that govern your use of Money Scout (“the Service”). Please read this Agreement carefully and retain a copy for future reference. We may change the terms of this Agreement at any time by posting the updated Agreement within the online banking Service Center. We will notify you of the changes in accordance with the procedures in the Agreement.

  • About the Service

  • Money Scout uses predictive technology to analyze your transaction patterns and identify money that can be automatically transferred to your designated savings account. To use the Service, you authorize us to debit your selected checking account and credit your selected savings account automatically.

  • Eligibility

  • To enroll in the Service, you must have an eligible checking account (“Service Checking Account”) and an eligible savings account (“Service Savings Account”). During enrollment Money Scout will provide you with a list of accounts that are eligible to enroll. Only one checking account and one savings account can be selected for the service. You can change your account selection at any time after enrollment. You must be a named owner on the account to enroll in the Service. A money market account (MMA) is not eligible for the Service at this time. We have the right to determine eligibility and to restrict accounts that can be used with the Service at any time and in our sole discretion.

    Once enrolled in Money Scout, transfer amounts and timing are based on your financial profile, account activity, account balance risk factors, account balance and total balance across all your accounts. Since Money Scout is based on your unique financial situation, transfer amounts and timing can vary by user.

    Your financial situation is unique. This Service is provided as a courtesy. We make no representation or warranty that this Service is appropriate for you and your financial goals.

  • Insufficient Funds, Overdraft Fees, and Extended Overdraft Fee

  • The Service cannot predict all of your transactions when scheduling a Money Scout transfer. You are responsible for ensuring your Service Checking Account has sufficient funds for your needs, purposes and transactions. In the event your account balance falls below $0 and your account is overdrawn, you may be charged an overdraft fee if you do not deposit enough funds to cover the transaction(s). If your account is overdrawn for five consecutive business days, regardless of whether it was directly caused by a Service transfer, we will charge you an extended overdraft fee on the next business day (if your account is still overdrawn), and then again on every fifth business day while your account remains overdrawn, up to a maximum of four $25 fees (or $100) during that time. Please see how to cancel a scheduled Money Scout transaction below to avoid your account being overdrawn or having insufficient funds for transactions. Service transactions are posted in accordance with the Transaction Posting Order of your Consumer Deposit Account Agreement.

    Overdraft Protection allows you to link any eligible checking account to another eligible deposit account you have with us to help avoid an overdraft fee. To learn more or to sign up for overdraft protection, log into huntington.com, visit a Huntington branch, or call (800) 480-2265.

  • Authorization for Service Transfer Amount and Frequency of Transfers

  • By agreeing to these terms, you authorize us to initiate electronic transfers of up to the following amounts and frequencies from your Service Checking Account to your Service Savings Account:

    • Maximum individual transfer amount is up to $50.00 per transfer;

    • Maximum transfer amount of $100.00 in the last 54 hours;

    • Maximum weekly transfer amount is up to $150.00 per week;

    • Maximum monthly transfer amount is up to $600.00 per month;

    • Maximum number of transfers in the last 54 hours is up to 2 transfers;

    • Maximum weekly number of transfers is up to 3 transfers per week; and

    • Maximum monthly number of transfers is up to 12 transfers per month.

    Service transfers will reduce the money available in your Account to cover other transactions. You acknowledge and agree that the amount and frequency of transfers will be determined and made by us. For example, we may change the frequency and amount of transfers for security purposes. You cannot change the frequency of electronic transfers, but you can change the amount of a scheduled transfer or cancel the scheduled transfer. The amount and frequency transferred by the Service may vary depending on your transaction history. Transfers will only be scheduled Tuesday through Friday. Transfers will not be scheduled if your account balance falls below a pre-determined minimum balance threshold determined by us.

  • Managing Account Settings for this Service

    • Canceling a Scheduled Transfer by the Service. You can cancel or change the amount of a scheduled transfer initiated by the Service up until midnight ET on the day it is scheduled by navigating to scheduled transfers and following prompts within the Huntington Mobile app or online banking.

    • Managing Accounts Enrolled in the Service. You can change which accounts use the Service by following the prompts within the Huntington Mobile app or online banking.

  • Transaction History

  • The Service may require approximately four months of transaction history to determine your spending patterns to find opportunities for savings. You may not see transfers by the Service when you enroll until the Service has enough transaction history.

  • Fees

  • There are no fees associated with the Service.

  • Limits on Transfers and Withdrawals

  • Please remember that for savings accounts, federal law requires us to limit certain withdrawals and transfers to a total of no more than six (6) in any calendar month or statement cycle. You should review the terms and conditions of the underlying checking and savings accounts enrolled in the Service found within the Huntington Consumer Deposit Account Agreement and Personal Account Charges Form.

  • Alerts

  • You can receive Service Alerts by navigating to Alerts and following prompts within the Huntington Mobile app or online banking to set your Alerts preferences for this Service. If you are enrolled for Service Alerts, you will receive an Alert when the Service schedules a transfer. Message and data rates may apply. Your use of Alerts is governed by the Alerts terms contained in the Huntington Online Services Agreement.

  • Pausing the Service

  • You may pause this Service at any time by following the prompts within the Huntington Mobile app or online banking. You can choose to restart the Service at any time.

  • Canceling the Service

  • If you wish to unenroll from the Service, you may do so by following the prompts within the Huntington Mobile app or online banking. Unenrolling from the Service will terminate this Agreement, and you will have to re-enroll and re-consent to this Agreement to use the Service in the future. In certain instances, we may un-enroll you from the Service, including but not limited to, situations where your account is closed, you are no longer the owner of the account, or your account is web-disabled.

  • Online Services

  • In order to enroll in the Service, you must also enroll or already have enrolled and agreed to be bound by the terms and conditions of the Huntington Online Services Agreement.

  • Privacy

  • Huntington values your privacy. For more information on how Huntington uses your information, please see our Online Privacy Policy at https://www.huntington.com/Privacy-Security/privacy-policies/privacy-policy.

  • Disclaimer of Warranties

  • YOU AGREE YOUR USE OF THE SERVICE IS AT YOUR RISK AND IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. WE DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTIBILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE FURTHER MAKE NO WARRANTIES THAT THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE OR ERROR-FREE.

  • Limitation of Liability

  • YOU AGREE THAT WE WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, PUNITIVE OR SPECIAL DAMAGES, INCLUDING LOST PROFITS, REGARDLESS OF THE FORM OF THE ACTION OR THEORY OF RECOVERY, RELATED IN ANY WAY TO YOUR USE OF THE SERVICE EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF THOSE DAMAGES.

  • Notification of Change in Terms

  • This Agreement will stay in effect until it is changed or terminated. We may change the terms of this Agreement at any time. Unless the law requires us to send you a specific notice, we will decide what kind of notice we will give you and the method of providing the notice. Your use of the Service after we have made such changes available will be considered your agreement to the change.

  • Other Agreements

  • In addition to this Agreement, you agree to be bound by and comply with such other written requirements as we may furnish to you in connection with either this Service or products which may be accessed via this Service, including, but not limited to, the Consumer Deposit Account Agreement, other account agreements, end user license agreements, and with all applicable State and Federal laws and regulations. To the extent there is a conflict between the terms of this Agreement and your applicable account agreements with us, provided in conjunction with your use of the Service, the terms of your account agreement or Online Services Agreement, will control except as may be otherwise stated herein.

  • Governing Law

  • This Agreement is subject to the laws of the state of Ohio and the federal laws of the United States of America. If any of the terms of this Agreement cannot be legally enforced, they will be considered changed to the extent necessary to comply with applicable law.

  • Severability

  • If any provision of this Agreement conflicts with the law under which this Agreement is to be construed or if any provision of this Agreement is held invalid or unenforceable by a court of competent jurisdiction, that provision will be deemed to be restated to reflect as nearly as possible to the original intentions of the parties in accordance with applicable law. The remaining provisions of this Agreement remain in full force and affect.

  • Termination

  • We have the right to terminate this Agreement at any time. We will ordinarily send you notice of any termination, but we are not required to do so unless applicable law requires notice. Once we terminate this Agreement, no further or pending funds transfers will be made, including but not limited to any transfers scheduled in advance of the termination.

  • No Waiver

  • If we fail to exercise any of our rights within this Agreement or applicable law, such failure will not waive any of our rights.