New products: an account with a Grace period on overdrafts; free mobile banking services for prepaid cardholders.

• Position: MARKETING NEWS

THE FOLLOWING NEW PRODUCTS were announced recently by two banks:

* A new 24-Hour Grace account was introduced by Huntington Bancshares Inc. (assets: $52 billion), Columbus, Ohio. The consumer account gives customers additional time during the next business day to cover overdrafts in the account. Huntington will automatically waive the overdraft fees as long as the customer makes a deposit during the next business day to resolve the overdraft status.

* U.S. Bancorp (assets: $283 billion), Minneapolis, has launched AccelaPay mobile banking, which gives the bank's AccelaPay Visa cardholders...