For quick access to a small amount of money, a cash advance might be right for you. Typically, a cash advance only requires a credit card and not a credit check to access funds. However, your access to funds might be limited because taking out an advance requires you to borrow against your card’s line of credit. If your credit score is low, a cash advance might not offer you access to as much money as a traditional loan. Additionally, cash advances usually incur high interest rates and fees that accumulate quickly.
If you’re a Huntington customer and looking for another way to access funds without a credit check, Standby Cash ? might be the solution for you.
Here’s a fact-sometimes money gets tight. Big expenses, small expenses, they can add up. That’s why Huntington invented Standby Cash ?? . Huntington keeps extra cash on standby for our customers. You can qualify for Standby Cash based primarily on your checking and deposit history, not your credit score.
Standby Cash is a line of credit that could be available to you right now. Log into your Huntington account online or in the mobile app to see if you qualify. You could access between $100 and $1,000 in just a few clicks. And it’s free (meaning zero interest) when you set up automatic payments, otherwise a 1% monthly interest charge (12% APR) applies to your outstanding balance.
To qualify for Standby Cash, you need a personal checking account with consistent monthly deposits of $750 or more for three consecutive months. With Standby Cash, your credit score does not impact your access and once your approved within a few clicks online it is available for immediate use. Once you open Standby Cash, the account and your activity are reported to credit reporting agencies, so your use could positively or negatively affect your credit score.
While Standby Cash is not overdraft protection, Huntington customers can leverage it to help clear up an overdraft. If you hold an overdraft for more than 24 hours, you become ineligible for Standby Cash. So, make sure to keep an eye on your finances to possibly avoid an overdraft before it happens and so you can take advantage of every opportunity to quickly remedy an overdraft when it occurs § .
Accessing loans without a credit check can seem impossible, but you have options available to help secure funds and possibly improve your overall creditworthiness § . Every financial situation is unique, and every bank or lender has different requirements and standards for loans. To explore what your options might be with Huntington, connect with your local branch or become a Huntington customer today.
What is an Overdraft Loan?
Need help covering an overdraft fee? Learn more about overdraft loans and what options you may have available to help with unexpected fees.
Checking & Savings Account Benefits & Features
?? Subject to terms and conditions and other account agreements. Available through online banking or the Huntington Mobile app to individuals with an active consumer checking account open at least three months with consistent monthly deposit activity of $750 or more. Other eligibility requirements apply. Amount available through Standby Cash is subject to change based on changes to customer eligibility, including checking and deposit activity, overdrafts, and daily balances. A 1% monthly interest charge (12% APR) will be added to outstanding balances if automatic payments are not scheduled. If 100% of the approved credit line is drawn three months in a row, Standby Cash will be suspended until it’s paid to a zero balance. When any of your Huntington deposit accounts are in an overdraft status for more than one day, your Standby Cash line will be suspended until they are no longer negative. Business checking accounts are not eligible for Standby Cash.