Huntington Bank has designed the Money Scout, the latest version of The Hub to help scan customer’s accounts. This brand new automatic savings tool is made to help customers put money aside for emergencies. Additionally, when you sign up for Money Scout it will do all the hard work for you.
Read below for more information on what the Money Scout is and how you’ll benefit from it.
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About Huntington Bank
Headquartered in Columbus, Ohio, Huntington Bank was established in 1866. They strive to look out for their customers and provide amazing financial products and services. Additionally, Huntington wants to better the financial lives of their clients by making banking much easier.
With many tools and services they offer to build your savings, improve your future, and work on your spending habits. Plus, they have about $118 billion in assets and 839 locations available to you. Furthermore, Huntington Bank has come out with a brand new product that will help you save better!
More on Money Scout
When you sign up for Money Scout it will look at your: spending habits, income, and future funds. This will help it look for money that you aren’t using in your checking account, then it will be moved to your savings account. Additionally, it will alert you every time it has any dollar amount transferred from your checking to your savings.
This way, you’re able to stop or switch the transfer whenever you wish. Plus, you’ll be able to slowly improve your savings and spending habits in the process. The Money Scout is designed based off of the Huntington Mobile App which is on the top of the chart for a 2nd year in a row.
How to Improve Your Financial Management
There are several ways for you to better your financial management and standing in general. Here are some tips provided from Sandy Pierce, Private Bank, and the Regional Banking director at Huntington below:
- Make a budget. Create your own budget and stick with it. As your cash input changes, you can alter this budget to match those changes. Plus, there’s a budget calculator you can use to do all the math for you.
- Pay down debt. This is more for credit card users that have high interest rates. When you pay down your debt you will avoid paying higher interest.
- Make an emergency fund. This will help you save money and put it aside for a rainy day. Just in case something bad happens, you have the funds to pay for any damages that may have occurred.
- Huntington Money Know-How. This perk will widen your financial knowledge by providing: financial terminology, and better financial decisions.
Conclusion
Overall, if you need help putting money aside in your savings account, this is the right tool for you! With the Money Scout tool, you’ll be able to steadily grow your savings funds without lifting a finger. Additionally, you’ll be able to pause, stop, or switch the flow of your funds whenever you want.
