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Ally, Huntington launch services so you can suppress overdraft costs Huntington’s brand new $1,100 line of credit might cost the lending company $1 million a month however, secure customers’ respect. Ally, at the same time, got rid of overdraft charges entirely. Huntington Lender on Saturday introduced Standby Cash, an electronic digital-simply loan unit the bank said can assist customers stop overdraft charge and construct borrowing. As a result of Standby Cash, eligible customers are offered immediate access to help you a line of credit to $step one,000 with no interest or charge if they sign up for automatic costs. Versus automatic money, customers are charged a 1% month-to-month focus charges with the a great harmony.