Will the Saudi Attack Drive Gold to New Highs?

Gold bullion on a chart

The attack on Saudi Arabia’s oil production facilities is driving global oil prices higher, but it is also bringing new interest into the gold market.

What’s the scoop?

Saudi Arabia shut down half of its oil output in the wake of an attack over the weekend that targeted its Khurais oil field and the Abqaiq oil-processing facilities.

Khurais is Saudi Arabia’s second-largest oil field with daily production capacity of about 1.5 million barrels per day. Abqaiq is the planet’s largest oil-processing operation with capacity to put through at least seven million barrels per day of crude oil for the global market.

The damage, apparently caused by drone attacks, has forced Saudi Arabia to remove nearly six million barrels of crude oil production per day from the market.

Oil prices surged 10% as a result of the event, and traders are trying to figure out what the long-term impact could be for the market and international oil producers.

Why is gold moving higher?

Gold jumped US$12 per ounce on the news, and pundits are wondering if more upside could be on the way, as conflict risks increase in the Middle East.

Saudi Arabia and Iran are supporting opposite sides in the war in Yemen. Shortly after the attack on the Saudi facilities, the Houthi rebels in Yemen claimed responsibility. The group has targeted Saudi pipelines and oil tankers in the past few years but never managed to hit the core of the production and processing infrastructure.

The U.S., however, is pointing the finger at Iran, and that could lead to some tense times in the region in the coming days and weeks.

Saudi Arabia is likely to respond with additional force in Yemen, but the bigger fear is a direct confrontation with Iran.

The two oil powers are actually OPEC partners, but their cooperation pretty much ends at the organization. Any escalation of conflict in the region, including a retaliatory attack on Iran, could have dire consequences for the global economy.

In a worst-case scenario, Iran could block the Strait of Hormuz, where roughly 20% of global oil is transported by takers to supply international markets. A resulting surge in oil prices back to US$100 per barrel would have a negative impact on a global economy that is already at risk of a severe downturn due to the U.S.-China trade battle.

If the situation gets out of hand in the Middle East, gold could see its 2019 rally extend into 2020, as safe-haven investors move cash into the yellow metal.

Gold stocks

Gold stocks recently gave back some of the big gains that occurred through the summer months. For example, Barrick Gold trades near $23 compared to its 2019 high above $26 per share.

Gold hit US$1,560 before pulling back to US$1,500 in recent weeks, but potential unrest in the Middle East could rekindle the rally. This is in addition to the longer-term tailwind that should come from declining bond yields and falling interest rates around the globe.

If you are a gold bull and have some cash sitting on the sidelines, it might be a good time to increase your exposure to the sector.

This tiny TSX stock could be the next Shopify

One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting…

Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago – before it skyrocketed by 1,211%!

Iain and his team just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!

Click here to discover how!

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Fool contributor Andrew Walker owns shares of Barrick Gold.

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1 Big Problem for the Cannabis Industry

cup of cappuccino with a sad face

In order for the cannabis industry to be successful in Canada, Ontario is one place it’s going to have to do well. And so far, that hasn’t been the case.

It’s been a roller-coaster ride for the industry, to say the least. Supply issues have limited the number of stores that have been up and running throughout the country, and Ontario didn’t have private retailers open for business until April. Things could have definitely gone a lot better than they have. And without a significant improvement happening soon, it could put into jeopardy the growth expectations that cannabis producers are expecting, especially with edibles being right around the corner.

Ontario posts $42 million loss

Cannabis was supposed to help provinces add money, not burn it. However, last fiscal year, Ontario’s cannabis business lost $42 million, and it collected a little over half the excise taxes that it expected. Like many licensed producers in the industry, the province has struggled to keep up with soaring expenses. Although it’s not a big concern yet, especially with the industry still in its very early stages in the province, the lack of profitability is something that could weigh heavily on the industry going forward.

In order for the industry to be successful in Canada, it’s going to need for prices to remain as low as possible to keep the black market away. However, if it still proves challenging for Ontario or other provinces to post a profit from cannabis, that could create a big problem for the industry. Taxes can always be changed, and if the government isn’t feeling it is making as much as it was hoping for, rates could go up, and that could make the Canadian market’s already high prices that much less appealing to consumers.

The one positive sign for the Ontario market is that although it has been off to a very slow start, it has just about caught up to Alberta in terms of sales. At $121 million as of the most recent data from Stats Canada, Ontario is only a few million behind the $124 million in sales that Alberta has generated since legalization.

Takeaway for investors

Canopy Growth was once very optimistic for the cannabis industry in Canada, hoping to have hundreds of stores in Ontario. However, as rules and red tape started to hamper the industry’s growth potential, we’ve started to see companies like Canopy Growth look to the U.S. in the hopes of maximizing their opportunities. Even though marijuana remains illegal there, the hemp market has created a way for Canadian producers to legally enter the cannabis industry south of the border.

Unfortunately, it’s not nearly as lucrative as selling marijuana is, and even though Canopy Growth has gotten creative in trying to find ways to tap into the U.S. market, investors have started to turn bearish on it and other Canadian pot stocks. With losses continuing to mount for companies, and the industry relying on the hopes that the edibles market will be huge in Canada, investors may simply find better opportunities investing in U.S. pot stocks for the time being.

One tiny small-cap stock to bet on ahead of Cannabis 2.0 on October 17th…

The first wave of cannabis legalization minted millionaires out of everyday investors, and it might be about to happen again.

Because when edibles are legalized in Canada on October 17th, experts project a new $2.7 BILLION market will be born.

Our last legalization stock pick is already up 1,211%, and now we’re recommending one tiny small-cap stock before Cannabis 2.0.

This could be our next +1,000% winner in the cannabis space.

Hurry, the second wave of cannabis legalization is about to hit and this stock could skyrocket.

Click here to learn more!

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Fool contributor David Jagielski has no position in any of the stocks mentioned.

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Backyard Revolution Review

Electricity is essential. It has become part of humankind’s daily life. Can you even imagine the world without electricity when it is used not only by households but big industries as well? Almost all devices are powered by electricity. Global electricity consumption accelerated in year 2017. Most of the 2017 increase in consumption was from…

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This Tech Stock Looks Like the Next Shopify (TSX:SHOP)

Modern skyscrapers in business district

Everyone is trying to find the next Shopify Inc (TSX:SHOP)(NYSE:SHOP). That’s because Shopify stock has increased in value by 15-fold since 2015. In just four years, $10,000 would have turned into $150,000.

If you want to mimic these results, pay attention. While there are many possible candidates, there’s only one way to accurately predict the next Shopify: you must understand exactly what makes Shopify so special. There’s more to the story here than high growth rates. Let’s dive in.

Here’s the secret

Everyone knows that Shopify is growing like a weed. In 2015 and 2016, revenues rose by around 90% per year. This breakneck speed has come down a bit, but last year, the company still increased sales by more than 50%. This year, revenues are expected to top $2 billion. In 2020, they’re set to approach $3 billion.

The question you should be asking is this: What’s Shopify’s secret?

While the company does many things exceptionally well, its success is largely a function of platforming. You’ve likely heard of the term platform before, but what does it mean in practice? Given that many companies are claiming platform status today — even though they’re far from it – it’s especially important to understand this term.

A platform is exactly what it sounds like: an infrastructure on which other things can be built. Your computer’s operating system is a platform because all of your software and applications run on top of it—they need the operating system in order to function.

When done properly, platforms create huge networks of applications that all require it to survive. That creates huge switching costs, embedding the platform into every activity.

Shopify has been incredibly successful at platforming. Anyone, anywhere can use Shopify to launch an e-commerce site in minutes. From there, they can add payment processing, inventory management, advertising, and dozens of other capabilities.

These features are built on top of the Shopify platform. If you want to change platforms, you’ll lose all of the functionality and capabilities that you’ve designed your business around. This becomes a self-reinforcing cycle—users are incentivized to stick with the platform, aggregating huge amounts of users, which in turn attracts developers to build even more on top of the platform, attracting yet more users.

The next Shopify

To find the next Shopify, you need to find the next platform. Fiverr International Ltd (NYSE:FVRR) looks like a great bet. While Shopify sports a $60 billion market cap, Fiverr is being valued at less than $1 billion. Over the next few years, it has the opportunity to increase in size by 10-fold following the Shopify template.

Fiverr runs an online marketplace for freelancers. This is a market that should grow for the next decade and beyond. Increasing numbers of workers are looking to go freelance. In the U.K., 67% of workers are considering going freelance.

In the U.S., Deloitte estimates the number of self-employed workers to hit 42 million by 2020. As well, a growing number of businesses are looking to tap the flexibility and cost advantages of a freelance workforce.

Fiverr, which is headed by Wix.Com Ltd veterans, is looking to become the go-to place for freelance gigs. By aggregating both supply and demand early, it has the ability to establish platform status akin to Shopify. Fiverr Studios, for example, allows freelancers to combine skills with one another to create virtual agencies overnight.

This feature is built on top of the Fiverr platform; thus, there are huge incentives to stick with the Fiverr platform once the team becomes successful. Sound familiar?

The company is growing at breakneck speed, but few have caught on. This year, it should generate $102 million in revenues. Next year, analysts forecast $132 million in sales. The following year, sales should approach $160 million. This 20% to 30% annual growth rate should be sustainable for years.

Despite rapid growth, shares trade at just 6.5 times 2019 sales. Shopify, for comparison, trades at more than 28 times 2019 sales. Fiverr isn’t the only stock with the potential to become the next Shopify, but it looks like a compelling bet.

This tiny TSX stock could be the next Shopify

One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting…

Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago – before it skyrocketed by 1,211%!

Iain and his team just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!

Click here to discover how!

More reading

Tom Gardner owns shares of Shopify. The Motley Fool owns shares of Shopify and Shopify. Shopify is a recommendation of Stock Advisor Canada. Ryan Vanzo has no position in any stocks mentioned.

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Huntington Bank Promotions: $200, $400, $750 Checking Bonuses for September 14, 2019

Huntington Bank BonusesFind the latest Huntington Bank promotions, bonuses, and coupons for September 12, 2019.

Typical bonuses can range from $150, $200, $400, $500, and up to $750. For these bonuses, customers are only required to open an eligible checking account and meet certain simple requirements.

About Huntington Bank Promotions

Established in 1866, Huntington Bank branches are located in Ohio, Michigan, Indiana, Pennsylvania, Kentucky, West Virginia, Illinois and Wisconsin. They are known for their free checking option, 24-hr grace for overdrafts, all day deposit, and 24-hr customer service. Additional Huntington Bank features include free mobile banking, online bill pay, access to over 1,800 ATMs, and much more.

  • Availability: IN, KY, MI, OH, PA, WV, IL, & WI
  • Branches: 1,000+ (Bank Locator)
  • Routing Number: 044000024
  • Customer Service: 1-800-480-2265

If you’re not living in Huntington Bank’s footprint, check our Bank Bonuses page for more promos.

I’ll review the Huntington Bank offers below.

Unlimited Plus Business Checking $750 Bonus 

Huntington Unlimited Plus Business Checking Bonus

$750 bonus with Unlimited Plus Business Checking

Huntington Bank offers $750 bonus when you open an Unlimited Plus Business Checking Account. The Unlimited Plus Business Checking account is for larger businesses with high monthly transaction volume and treasury management needs.

  • Account Type: Unlimited Plus Business Checking
  • Credit Inquiry: Soft Pull via ChexSystems, which does not affect your credit
  • Opening Deposit: $100
  • Bonus Deposit Requirement: $20,000
  • Direct Deposit Requirement: No
  • Monthly Service Fee: $40, see below on how to waive

With the Unlimited Plus Business Checking account, you have unlimited transactions and earn interest on the account balance. You also have access to free ATMs. Link your account to Money Market Account or Savings Account so you can waive the monthly service fee.

(Expires September 30, 2019)

How To Earn The $750 Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open your new Huntington Unlimited Plus Business Checking account.
  • Make total deposits of at least $20,000 within 60 days of account opening.
  • The $750 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
  • Your business checking account must remain in an open status to receive the bonus.
  • Account must maintain an open account status for at least 90 days before it is eligible for the bonus payment. An Early Account Closing Fee will apply to accounts closed within 180 days of opening.
  • Give your growing business a checking account with unlimited transactions.
  • Earn interest on your Unlimited Plus Business Checking balance.
  • Overdraft Protection Account with no annual fee (credit application and approval required), or Deposit-to-Deposit Overdraft Protection with no transfer fee.
  • Add a linked Business Money Market or Savings account and there is no Monthly Service Fee on that account.
  • Withdraw cash, deposit checks and cash, or transfer money between accounts for free, with Huntington ATMs.
  • Huntington also provides award winning business and commercial banking, providing comprehensive financial and cash flow management services, and a full range of wealth management services including investments and insurance.
  • Convenience in nearly 1,000 traditional and supermarket branches, and through digital, telephone and ATM banking, including nearly 1,800 ATM locations.

There is a $40 monthly fee; waived monthly maintenance fee with $50,000 in combined deposit relationship balances.

  • The deposit must be money not previously on deposit with Huntington, including transfers from other Huntington accounts.
  • Account must maintain an open status for at least 90 days before it is eligible for the bonus payment.
  • Bonus will be reported on IRS Form 1099-INT for the year in which you receive your bonus. Cash bonus does not count toward the deposit requirement.
  • All new accounts subject to account opening approval and account conversions are not eligible.
  • Offer not available in combination with any other offer.
  • An Early Account Closing Fee will apply to accounts closed within 180 days of opening.
  • Public Fund/Government Banking dollars and Brokers are not eligible for this offer.
  • Existing business checking customers, including those with business checking accounts closed within the last six months, are not eligible for the cash bonus offer.
  • Bank reserves the right to limit each business customer to one new account-related gift incentive per calendar year.

Unlimited Business Checking $400 Bonus

Huntington Unlimited Business Checking bonus

Earn $400 bonus with Unlimited Business Checking

Huntington Bank offers $400 bonus when you open an Unlimited Business Checking Account. The Unlimited Business Checking account is for businesses with higher checking activity and greater cash flow needs.

  • Account Type: Unlimited Business Checking
  • Credit Inquiry: Soft Pull via ChexSystems, which does not affect your credit
  • Opening Deposit: $100
  • Bonus Deposit Requirement: $5,000
  • Direct Deposit Requirement: No
  • Monthly Service Fee: $20, see below on how to waive

The Unlimited Business Checking Account allows overdraft protection and unlimited transactions. You’ll have access to over 1,000 ATMs nationwide.  Waive your monthly service fee when you meet account balance requirements.

(Expires September 30, 2019)

How To Earn The $400 Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open your new Huntington Unlimited Business Checking account.
  • Make total deposits of at least $5,000 within 60 days of account opening.
  • The $400 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
  • Your business checking account must remain in an open status to receive the bonus.
  • Account must maintain an open account status for at least 90 days before it is eligible for the bonus payment. An Early Account Closing Fee will apply to accounts closed within 180 days of opening.
  • Unlimited Transactions & up to $10,000 in cash or currency deposits monthly in-branch or at an ATM at no charge.
  • $20 Monthly service fee waived with $10,000 in combined deposit relationship balances
  • Convenient branch and ATM cash deposits
    • Includes up to $20,000 in coin/currency deposits each month. A fee of $0.20 for each $100 deposited over $20,000 will apply.
  • Overdraft protection
  • No fee for linked MMA or Savings
    • Add a linked Business Money Market or Savings account, and there is no Monthly Service Fee on that account.
  • Free Huntington debit Mastercard Business card
  • Access to more than 1,800 ATMs
  • Free online statements
  • Online bill pay
  • Online banking
  • Optional fraud prevention services

To avoid the $20 monthly fee; waived monthly maintenance fee with $10,000 in combined deposit relationship balances

  • The deposit must be money not previously on deposit with Huntington, including transfers from other Huntington accounts.
  • Account must maintain an open status for at least 90 days before it is eligible for the bonus payment. Bonus will be reported on IRS Form 1099-INT for the year in which you receive your bonus.
  • Cash bonus does not count toward the deposit requirement. All new accounts subject to account opening approval and account conversions are not eligible.
  • Offer not available in combination with any other offer.
  • An Early Account Closing Fee will apply to accounts closed within 180 days of opening.
  • Public Fund/Government Banking dollars and Brokers are not eligible for this offer.
  • Existing business checking customers, including those with business checking accounts closed within the last six months, are not eligible for the cash bonus offer.
  • Bank reserves the right to limit each business customer to one new account-related gift incentive per calendar year.

Business Checking 100 $200 Bonus

Huntington Business Checking 100 bonus

$200 bonus with Huntington Business Checking 100

Huntington Bank offers $200 bonus for opening a Business Checking 100 account. The Business Checking 100 account is ideal for start-ups and small businesses with lower balances and checking activity.

  • Account Type: Business Checking 100
  • Credit Inquiry: Soft Pull via ChexSystems, which does not affect your credit
  • Opening Deposit: $100
  • Bonus Deposit Requirement: $2,000
  • Direct Deposit Requirement: No
  • Monthly Service Fee: $3, can be waived easily

The Business Checking 100 account has no minimum account balance requirements. You can also waive the $3 monthly statement fee when you sign up for free e-statements.

(Expires September 30, 2019)

How To Earn The $200 Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open your new Huntington  Business Checking 100 account.
  • Make total deposits of at least $2,000 within 60 days of account opening.
  • The $200 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
  • Account must maintain an open account status for at least 90 days before it is eligible for the bonus payment. An Early Account Closing Fee will apply to accounts closed within 180 days of opening.
  • Up to 100 monthly transactions & deposit up to $5,000 in cash or currency monthly in-branch or at an ATM at no charge.
  • Bonus Service Trial
    • Free 120-day trial of a fraud tool: Reverse Positive Pay.
  • No Monthly Maintenance Fees

To avoid the $3 monthly fee; simply sign up for E-Statements.

  • The deposit must be money not previously on deposit with Huntington, including transfers from other Huntington accounts.
  • Account must maintain an open status for at least 90 days before it is eligible for the bonus payment. Bonus will be reported on IRS Form 1099-INT for the year in which you receive your bonus.
  • Cash bonus does not count toward the deposit requirement. All new accounts subject to account opening approval and account conversions are not eligible.
  • Offer not available in combination with any other offer. An Early Account Closing Fee will apply to accounts closed within 180 days of opening.
  • Public Fund/Government Banking dollars and Brokers are not eligible for this offer. Existing business checking customers, including those with business checking accounts closed within the last six months, are not eligible for the cash bonus offer.
  • Bank reserves the right to limit each business customer to one new account-related gift incentive per calendar year.
  • Huntington Business Checking 100 provides 100 transactions and $5,000 in-branch cash deposits, during each statement cycle, then fees of $0.30 per $100 in-branch or ATM cash deposits over $25,000 apply.

Huntington Relationship Money Market

Earn 2.02% APY rate for 6 months guaranteed with the Huntington Relationship Money Market account.

  • Account Type: Relationship Money Market Account
  • Credit Inquiry: Soft Pull via ChexSystems, which does not affect your credit
  • Opening Deposit: $25,000 (To earn rate)
  • Direct Deposit Requirement: No
  • Monthly Service Fee: $25, see below on how to waive

(FDIC Insured)

How To Earn Rate

HOW TO EARN RATEACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Request your Huntington Relationship Money Market Account coupon from Huntington Bank.
  • Take it to any Huntington branch to open a Huntington Relationship Money Market Account by September 30, 2019, with minimum opening deposit of $25,000. Opening deposit must be money not currently deposited at Huntington. Click for qualifying requirements.
  • Earn 2.02% APY guaranteed for 6 months.
  • 24-Hour Grace®: We all make mistakes some times, but with Huntington’s 24-Hour Grace® feature, it is designed to give you more time to make a deposit in order to avoid an Overdraft Fee.
  • All Day DepositSM: Huntington’s deposit day for ATMs and the Huntington Mobile app is up to midnight, so you don’t have to rush to beat an early cut-off time.
  • Email & Text Alerts: Huntington Bank’s free alerts provide real-time updates on your accounts. However, do keep in mind that your carrier’s message and data charges may apply.
  • Mobile Banking: You’re able to check your balance, transfer money, &d even deposit checks for free from your phone, tablet or desktop computer.
  • Online Bill Pay: Pay your bills with just a few clicks. Just tell Huntington the payment amount and where to send it, and the rest will be taken cared of!
  • Overdraft Protection: With Deposit-to-Deposit Overdraft Protections, if your checking account overdraws, Huntington can transfer funds from a linked account – for free! Limitations could apply.

Huntington Relationship Money Market account: To avoid the $25 monthly fee, keep your average daily balance of $25,000 or when you also have either a Huntington 5 or Huntington 25 Checking account.

  • Annual percentage yield (APY) and interest rates are accurate as of August 1, 2019. The introductory interest rate for balances of $25,000.00 to $2,000,000.99 is 2.00% (2.02% APY) for six (6) months, and after that, you will continue to earn this rate which will become variable and subject to change.
  • No interest is paid on balances below $25,000.00. The APY for balances of $2,000,001.00 to $99,999,999,999.99 is currently 0.25% APY.
  • “New Money” is defined as money that is not currently on deposit in any Huntington account (except maturing consumer CDs). Fees may reduce earnings.
  • Balances below $25,000.00 on your HRMMA may be subject to a $25.00 per month account maintenance fee.
  • Regulations limit the number of transfers that can be made on savings and on money market accounts during the calendar month or statement cycle. See additional information in the Account Documents.
  • The interest rate on your Relationship Money Market or Relationship Savings Account will be better when you also own a Huntington 5 or Huntington 25 Checking Account. Ask a banker to see a rate sheet for details.

Huntington Business Premier Money Market

Huntington Business Money Market Rate

Earn 2.07% APY for up to 6 months guaranteed

Earn 2.07% APY rate for 6 months guaranteed with the Huntington Business Premier Plus Money Market account.

  • Account Type: Business Premier Plus Money Market
  • Credit Inquiry: Soft Pull via ChexSystems, which does not affect your credit
  • Opening Deposit: $20,000 (To earn rate)
  • Direct Deposit Requirement: No
  • Monthly Service Fee: $10, see below on how to waive

The Huntington Business Premier Money Market account allows you access to your money 24/7 and access to ATMS nationwide. Your money is secured by the FDIC up to the applicable limits. You can even link the account to any Business Checking accounts to transfer money between accounts.

(FDIC Insured)

How To Earn Rate

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Request your Huntington Business Premier Money Market coupon.
  • Take it to any Huntington branch to open a Business Premier Money Market Account.
  • Link to a qualified Huntington business checking account by September 30, 2019, with minimum opening deposit of $20,000. Opening deposit must be money not currently deposited at Huntington. Click for qualifying requirements.
  • Earn a 2.07% APY guaranteed for 6 months.
  • Earn Interest On Your Company’s Cash Reserves – Invest excess operating funds and let your money grow.
  • Access Your Account 24/7 – Online banking offers a fast, convenient way to access your account information.
  • Make Deposits or Withdrawals – At any Huntington branch or ATM.
  • Transfer Funds – Transfer funds between your Huntington savings, checking or money market accounts with Business Online or Business Service Center at 800-480-2001.
  • Keep Your Money Secure – Your Business Premier Money Market Account is insured by the FDIC up to applicable limits.
  • Free Email Alerts – Their free, automated email Account Alerts can provide daily updates on your money.

To avoid the $10 monthly fee, keep your balance above $10,000.

  • Annual percentage yield (APY) is accurate as of May 21, 2019.
  • The Introductory Interest Rate for the $10,000.00 to $2,000,000.99 balance tier is 2.05% for six months, 2.07% APY.
  • This rate is guaranteed for the Introductory Interest Rate Term and after that your post introductory rate will most likely change as the Business Premier Plus Money Market is a variable rate account.
  • The interest rate for the $0.01 to $9,999.99 balance tier is currently 0.05% (0.05% APY).
  • The interest rate for the $2,000,001.00 to $99,999,999,999.99 balance tier is currently 0.10% (0.10% APY).
  • When your balance falls into a particular rate tier, your entire balance will earn the applicable rate in effect for that tier, i.e., if your balance reaches $2,000,001.00 or more, your entire balance will earn the lower rate. Initial minimum opening deposit to earn introductory rate is $10,000.00 and must be new money to Huntington. “New Money” is defined as money that is not currently on deposit in any Huntington account (except maturing CDs).
  • Balances below $10,000.00 will be subject to a $10.00 per month account maintenance fee.
  • Fees may reduce earnings on the account.
  • A $20.00 early account closing fee will apply to accounts closed within 180 days of opening.
  • We reserve the right to limit acceptance of deposits greater than $25,000,000.00. Not valid with any other offer.

[Expired] Huntington 5 Checking $200 Bonus 

Huntington 5 Checking account

$200 bonus offer with the Huntington 5 Checking

Huntington Bank offers a $200 cash bonus when you open a Huntington 5 Checking account. Direct deposit is not a requirement for this bonus. *Offer currently unavailable*

  • Account Type: Huntington 5 Checking or Huntington 25 Checking qualifies for this offer
  • Credit Inquiry: Soft Pull via ChexSystems, which does not affect your credit
  • Opening Deposit: No minimum
  • Direct Deposit Requirement: No
  • Monthly Service Fee: See below on how to waive

Your Huntington 5-Checking Account has all the features you want. They include interest on your Checking balance, fee refunds for up to 5 non-Huntington ATM withdrawals per statement cycle, and 24-Hour Grace when you’re overdrawn.

(Expires October 7, 2019)

How To Earn The $200 Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open a Huntington 5 Checking account online or bring your code to a branch (you can print out the email or bring the email on your phone).
  • Make total deposits of at least $1,000 within 60 days of account opening.
  • Account must maintain an open status for at least 90 days before it is eligible for the bonus payment.
  • $200 will be deposited in your Huntington 5 Checking account after all requirements are met and your account is open for 90 days.
  • Your $200 bonus will be deposited into your new checking account within 14 days of meeting the above requirements. Your checking account must remain in an open status to receive the bonus.
  • 24-Hour Grace Overdraft Relief. It is designed to give you more time to make a deposit in order to avoid an Overdraft Fee.
  • Earn Interest on Balances. 0.05% Annual Percentage Yield applies to all balance tiers.
  • Free ATM Withdrawals. They’ll waive 5 non-Huntington ATM cash withdrawal fees at any ATM and reimburse you for withdrawal fees charged by another ATM owner.
  • Waived Monthly Maintenance Fee
  • Huntington 5 Monthly Fee: Huntington 5 Checking has a $5 monthly account maintenance fee, but they’ll waive the fee when you keep $5,000 in total relationship balances.
  • Huntington 25 Monthly Fee: Fee waived if you have $25,000 in Total Relationship balances. Otherwise $25 a month.
  • This offer is only available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia.
  • To qualify for the $200 cash bonus, you are required to open a new, qualifying Huntington 5 or Huntington 25 Checking account during the promotional period, and make cumulative deposits into the checking account of at least $1,000 or more within 60 days of account opening.
  • Account must maintain an open status for at least 90 days before it is eligible for the bonus payment.
  • Your $200 bonus will be deposited into your new checking account within 14 days of meeting the above requirements.
  • Your checking account must remain in an open status to receive the bonus.
  • This offer is only available to new checking customers.
  • All existing Huntington checking customers, including those with any relationship (including fiduciary) to any other Huntington checking account, or those who closed a checking account within the last six months, are not eligible.
  • Transfers from another Huntington deposit account do not count as a deposit.
  • This offer cannot be used in combination with any other checking offer.
  • For tax purposes, you will receive a Form 1099-INT from us for the cash bonus.
  • Huntington reserves the right to limit an individual to one account-related gift incentive per rolling 12-month period across all deposit account relationships.

[Expired] Huntington Asterisk-Free Checking $150 Bonus 

Huntington Asterisk Free Checking account

$150 bonus offer with the Huntington Asterisk-Free Checking

Huntington Bank offers a $150 cash bonus when you open a Huntington Asterisk Free Checking account. There is no direct deposit requirement for this bonus. *Offer currently unavailable*

  • Account Type: Asterisk-Free Checking
  • Credit Inquiry: Soft Pull via ChexSystems, which does not affect your credit
  • Opening Deposit: No minimum
  • Direct Deposit Requirement: No
  • Monthly Service Fee: None

With the Asterisk-Free Checking Account, you can expect no monthly fees, no minimum balance fee, free overdraft protection transfers, and much more! This account has simple and low requirements to earn the bonus. Highly recommend!

(Expires October 7, 2019)

How To Earn The $150 Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open a Huntington Asterisks-Free Checking account online or bring your code to a branch near you (print out the email or bring the email on your phone).
  • Make cumulative deposits of at least $1,000 within 60 days of account opening.
  • Keep your account open for at least 90 days before it is eligible for the bonus payment.
  • The $150 bonus will be deposited in your Huntington-Asterisks Free Checking account after all requirements are met.
  • Once you have met the above requirements, your $150 bonus will be deposited into your new checking account within 14 days. Your checking account must remain in an open status to receive the bonus.
  • There is no monthly maintenance fee
  • No minimum deposit
  • No fee or minimum balance on a Premier Savings account when you own a checking account.
  • 24-Hour Grace designed to give you more time to make a deposit in order to avoid an Overdraft Fee.
  • All Day Deposit. Deposit day for ATMs and the Huntington Mobile app is up to midnight, so you don’t have to rush to beat an early cut-off time.
  • Email & Text Alerts
  • Mobile banking
  • Online bill pay
  • Overdraft protection. With Deposit-to-Deposit Overdraft Protections, if your checking account overdraws, they can transfer funds from a linked account. For free. Some limitations apply.

Asterisk-Free Checking has no monthly fee

  • This offer is only available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia.
  • To qualify for the $150 cash bonus, you are required to open a new, qualifying Asterisk Free Checking, Huntington 5 Checking, or Huntington 25 Checking account during the promotional period, and make cumulative deposits into the checking account of at least $1,000 or more within 60 days of account opening.
  • Account must maintain an open status for at least 90 days before it is eligible for the bonus payment.
  • Your $150 bonus will be deposited into your new checking account within 14 days of meeting the above requirements.
  • Your checking account must remain in an open status to receive the bonus.
  • This offer is only available to new checking customers.
  • All existing Huntington checking customers, including those with any relationship (including fiduciary) to any other Huntington checking account, or those who closed a checking account within the last six months, are not eligible.
  • Transfers from another Huntington deposit account do not count as a deposit.
  • This offer cannot be used in combination with any other checking offer.
  • For tax purposes, you will receive a Form 1099-INT from us for the cash bonus.
  • Huntington reserves the right to limit an individual to one account-related gift incentive per rolling 12-month period across all deposit account relationships.

What’s the Competition?

Here’s a list of bank promotions from most of Huntington’s main competitors:

Bottom Line

Every person or business is different. That’s why Huntington Bank focuses on understanding what their individual customer’s needs. If you live near a Huntington Bank branch, you have the opportunity to earn some cash offers for opening a Checking account.

Apply today and let us know how this process when for you by commenting below.

*Bookmark this page for the most updated Huntington Bank promotions, bonuses, and offers!

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The post Huntington Bank Promotions: $200, $400, $750 Checking Bonuses for September 14, 2019 appeared first on Hustler Money Blog.

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