January 13, 2022

Huntington Bank Business Account

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Huntington Bank is known for their generous overdraft policy. Learn more about their business account offers below.

Huntington Bank is a full-service bank based out of the Midwest. They have nearly 800 branches and more than 1,700 ATMs across Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, and West Virginia.

Check Huntington Bank's features and fees to see if this is the right bank for your business.

Is Huntington Bank Good for Small Businesses?

Huntington Bank's Business Checking is great for small business owners who:

  • Will not exceed the 100-transaction[1] limit for the free checking account
  • Could benefit from a 24-hour Grace® period on overdraft fees[2]
  • Live or work near a branch

Keep in mind Huntington Bank's main benefits and disadvantages:

Pros

  • No overdraft fees if your account is overdrawn by less than $50
  • 24-hour Grace® period applies to overdrafts over $50[2]
  • Free business checking with generous cash deposit limit

Cons

  • High average daily balance to waive monthly service fees for Unlimited Business Checking and Unlimited Plus Business Checking
  • Regional (not national) ATM network, plus $3 transaction fee for out-of-network ATMs

Contact Customer Service Phone Number
Call Huntington Bank at (800) 480-2001
Weekdays 8:00 a.m. to 8:00 p.m. ET and Saturday 8:00 a.m. to 2:00 p.m. ET

Does Huntington have Business Accounts?

Huntington Bank has both checking and savings accounts. Their checking accounts are extremely popular for their 24-hour Grace® period[2]. Businesses have until the next day to cover an overdraft and avoid fees.

Business Checking accounts:

Business Savings accounts:

Log into your Huntington Bank Business Account
Small Business owners can log in here.

Keep reading to learn more about their key differences.

Huntington Checking Accounts

Huntington Bank has three business checking accounts that cater to different business sizes.

You can enjoy benefits such as unlimited transactions[1], online and mobile tools like The Hub for Business (an expense tracker and cash flow forecast), treasury management services, and fraud tool features.

Compare their account features and fees below.

1. Business Checking 100

The Business Checking 100 account is geared toward startups and small businesses with lower balances and less checking activity.

There is no minimum balance to open AND no monthly maintenance fee. Note: This is not an interest-bearing account.

Currently, new business checking customers[3] can earn a $100 cash bonus by opening a qualifying account with Huntington and meeting the requirements. [4][5]

Account features

  • 24-hour Grace® period for overdraft fees[2]
  • 100 monthly transactions[1]
  • Deposit up to $5,000 in cash or currency monthly in-branch or at an ATM at no charge ($0.30 fee for each $100 after)
  • Bonus Service: Free 120-day trial of the fraud tool, Reverse Positive Pay
  • No monthly maintenance fees

Fees

  • Transaction charge - $0 (Up to 100 transactions per month; $0.50 per transaction over 100)
  • Branch of ATM Cash Deposits charge (Up to $5,000 of in-branch or ATM cash deposits per month; $0.30 per $100 of in-branch or ATM cash deposits over $5,000)
  • Mail statement fee - $5
  • Overdraft fees - $36 (No overdraft fees unless the final account balance for the day is overdrawn by more than $50. Limit of 4 fees per day.)
  • Return fee - $36
  • Extended overdraft fee - $25

2. Unlimited Business Checking

Huntington's Unlimited Business Checking account is ideal for growing businesses that need flexibility, and have higher checking activity and greater cash flow needs.

Note: There is no minimum balance to open. This is not an interest bearing account.

Plus, new business checking customers[3] can earn a $400 cash bonus by opening a qualifying account and meeting the requirements. [6][7]

Account features

  • 24-hour Grace® period for overdraft fees[2]
  • 100 monthly transactions[1]
  • Deposit up to $5,000 in cash or currency monthly in-branch or at an ATM at no charge ($0.30 fee for each $100 after)
  • Waived monthly maintenance fee with $10,000 in combined deposit relationship balances (otherwise $20/month)[8]
  • Bonus Service: Choose fraud tool (Reverse Positive Pay), discounts on payroll service[9] (10% off Paychex) or Huntington Deposit Scan℠ (includes up to 50 per month), wires (two incoming domestic wires per month) or returned deposited items (includes up to 25 per month)

Fees

  • Monthly account service fee - $20 (can be waived - see above)
  • Transaction charge - $0
  • Branch of ATM Cash Deposits charge - Up to $10,000 of in branch or ATM cash deposits per month and $0.30 per $100 of in branch or ATM cash deposits over $10,000
  • Overdraft fees - $36 (No overdraft fees unless the final account balance for the day is overdrawn by more than $50. Limit of 4 fees per day.)
  • Return fee - $36
  • Extended overdraft fee - $25

3. Unlimited Plus Business Checking

The Huntington Unlimited Plus Business checking account is designed for larger businesses with a high monthly transaction volume and a variety of treasury management needs. Note: This is an interest-bearing account. There is no minimum balance to open.

Right now, new Huntington business checking customers[3] can earn a $750 cash bonus when they open a qualifying business account and meet the requirements. [10][11]

Account features

  • 24-hour Grace® period for overdraft fees[2]
  • Unlimited transactions[1] (and up to $25,000 in cash or currency deposits monthly in-branch or at an ATM; $0.30 fee for each $100 after)
  • Waived monthly maintenance fee with $50,000 in combined deposit relationship balances (otherwise $40/month)[8]
  • Earn interest on your checking balance
  • TWO Bonus Services: Choose between fraud tool (Reverse Positive Pay), discounts on payroll service[9] (10% off Paychex) or Huntington Deposit Scan℠ (includes up to 50 per month), wires (two incoming domestic wires per month) or returned deposited items (includes up to 25 per month)

Fees

  • Monthly account service fee - $40 (can be waived - see above)
  • Transaction charge - $0
  • Branch of ATM Cash Deposits charge - Up to $25,000 of in branch or ATM cash deposits per month and $0.30 per $100 of in branch or ATM cash deposits over $25,000
  • Overdraft fees - $36 (No overdraft fees unless the final account balance for the day is overdrawn by more than $50. Limit of 4 fees per day.)
  • Return fee - $36
  • Extended overdraft fee - $25

4. Business Analyzed Checking

Best for larger companies with growing and complex business needs. Business Analyzed Checking offers earnings credit on your account balances that offer transaction fees.

Account features

  • Offer transaction and cash deposit fees
  • Offset service fees
  • Free online statements
  • Optional treasury management services
  • Overdraft protection
  • Account alerts
  • Free Huntington Debit MasterCard BusinessCard

Fees
This account's fee structure is a little less straightforward. Find a local branch to learn more about the Business Analyzed Checking account.

Huntington Bank Savings Account

Huntington Business Savings or Money Market Accounts let you build cash reserves, maintain liquidity, and earn interest on your balance. All of their business savings accounts offer competitive interest rates, online and mobile banking, and are FDIC-insured.

Other perks:

  • The Hub - Get digital tools like Cash Position and Cash Flow Forecast to make managing revenue and expenses easier
  • Email and text alerts
  • Overdraft protection account
  • Treasury management, payroll services, and fraud tools
  • Huntington Debit Mastercard

Find the right one for your business needs below.

  1. Business Premier Plus Money Market Account
    You earn interest on cash reserves. You can get an even better rate when you also own a qualifying Huntington business checking account.

    This account is best for businesses with an average savings balance of $10,000 or more. You can waive the $10 monthly service fees if you have an average account balance of $10,000.

  2. Business Premier Savings
    Get access to cash while building savings and earning interest.

    This account is best for businesses with an average savings balance of less than $10,000. You can waive the $4 monthly service fees if you have an average account balance of $300.

  3. Business CD
    Use this account to grow your business savings by earning interest on balances without paying a monthly fee.

How to Open a Business Bank Account with Huntington

Being your own boss is tough but rewarding. Having a bank on your side can help you start and run your business.

You can open a business checking account by:

  1. Contacting the bank for requirements
  2. Gathering the appropriate documents
  3. Meeting with or contacting an account representative to open the account

It's recommended to open a business account at the launch of the business and after other applicable documents have been signed.

Can you open a Huntington business account online?
You can apply for a Huntington Bank account online. Just select the product that you want and fill out the form. They will ask you to provide proof of identity and other required business documents.

What You Need to Open a Business Bank Account

Depending on the type of business you own and the bank, the required documents to open a business bank account may differ. Contact the bank to find out exactly what you need to open your account.

You'll need:

  • Valid and official forms of identification
  • Social Security number or employer identification number
  • Legal documents about the business
  • At least one authorized representative from the business to open a bank account on behalf of the company

Huntington Bank Business Account Promotions

Which Bank has the Best Business Checking Account?

Don't forget to compare other business bank accounts. Some business checking accounts are basically free, while others might require a minimum balance to waive the monthly fees.

Bottom Line

Huntington Bank's lenient overdraft policy and Business Checking 100's no monthly fees are very attractive for small business owners. Be sure to check out other small business banking options before you make your decision. There are even free business checking accounts if you're still getting your company off the ground.

References

  1. ^ A "transaction" is any combination of checks paid, deposit tickets, deposited checks (except those you process through a remote deposit scanner), incoming ACH debits and credits, debit card purchases and bill payment transactions made through Huntington's Online Bill Pay service.
  2. ^ Your account will be automatically closed if it remains negative in any amount for 60 days, including if your account is overdrawn within our $50 Safety Zone. Learn more at huntington.com/SafetyZone and huntington.com/BusinessGrace.
  3. ^ This offer is only available to new business checking customers. All existing Huntington business checking customers, including those with business checking accounts closed within the last six months, are not eligible. Public Fund/Government Banking dollars and Brokers are not eligible for this offer.
  4. ^ Your $100 bonus will be deposited into your new checking account within 14 days of meeting the above requirements. Your business checking account must remain in an open status to receive the bonus.
  5. ^ Cash bonus does not count towards the deposit requirement. This offer cannot be used in combination with any other offer. For tax purposes, the bonus will be reported on IRS Form 1099-INT for the year in which you receive your bonus. Huntington reserves the right to limit an individual business owner with multiple businesses to one account-related gift incentive per rolling 12-month period across all deposit account relationships.
  6. ^ Your $400 bonus will be deposited into your new checking account within 14 days of meeting the above requirements. Your business checking account must remain in an open status to receive the bonus.
  7. ^ Cash bonus does not count towards the deposit requirement. This offer cannot be used in combination with any other offer. For tax purposes, the bonus will be reported on IRS Form 1099-INT for the year in which you receive your bonus. Huntington reserves the right to limit an individual business owner with multiple businesses to one account related gift incentive per rolling 12-month period across all deposit account relationships.
  8. ^ The business can avoid the monthly checking maintenance fee ($20.00 for Unlimited Business Checking and $40.000 for Unlimited Plus Business Checking) for any statement period on this checking account when the business keeps a total deposit relationship balance of at least $10,000 for the Unlimited Business Checking account and $50,000 for the Unlimited Plus Business Checking account in a combination of deposits held directly by us. Eligible deposits are this checking account and any other checking, money market, savings, or certificate of deposit (CD) account(s) owned by the business, but deposits owned by separate legal entities (even those that share EINs or TINs) are not eligible. We figure the total relationship deposit balance each month by adding the average daily balance for all eligible deposit account balances of the business for the applicable statement period. We calculate the average daily balance by totaling the balances in your account from the end of each day in the applicable statement period and dividing that amount by the number of days in that period. However, for new accounts or closed accounts, we only count the number of days that the account was open during the applicable statement period for purposes of determining the average daily balance.
  9. ^ Payroll processing services provided by Paychex, a third party commercial vendor. The Huntington National Bank is not an affiliate of Paychex, and does not provide, warrant, or guaranty their products or services.
  10. ^ Your $750 bonus will be deposited into your new checking account within 14 days of meeting the above requirements. Your business checking account must remain in an open status to receive the bonus.
  11. ^ Cash bonus does not count towards the deposit requirement. This offer cannot be used in combination with any other offer. For tax purposes, the bonus will be reported on IRS Form 1099-INT for the year in which you receive your bonus. Huntington reserves the right to limit an individual business owner with multiple businesses to one account related gift incentive per rolling 12-month period across all deposit account
    relationships.
Chase
Member FDIC

Chase Total Checking® - $225 Bonus

Expires 4/20/2022
  • New Chase checking customers enjoy a $225 bonus when you open a Chase Total Checking® account and set up direct deposit
  • Access to 16,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Overdraft Services - no fee if you're overdrawn by $50 or less at the end of the business day*
  • *We charge a $34 Insufficient Funds Fee per item during our nightly processing beginning with the first item that overdraws your account balance by more than $50 (maximum of 3 fees per business day, up to $102).
Citibank

Citi Priority Account - Up to $1,500 Cash Bonus

Expires 7/17/2022
  • Earn up to $1,500 cash bonus when you open a new account with required activities
  • Open a new eligible checking account in the Citi Priority Account during the offer period 1/5/22-7/17/22
  • Within 20 days of opening, deposit $50,000 in New-To Citibank funds between the new checking and savings accounts
  • Maintain a minimum balance of $50,000 in the checking account for an additional 60 consecutive calendar days from the 21st day
  • After all required activities are met, the cash bonus will be deposited to your account within 90 calendar days
CIT Bank
Member FDIC

CIT Bank Money Market Account - 0.45% APY

  • 0.45% APY
  • $100 minimum opening deposit
  • No monthly maintenance fee
Discover Bank
Member FDIC

Discover Online Savings - $200 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online or by phone. Enter Offer Code CY122 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 3/15/22, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Expires 3/15/2022
HSBC Bank
Member FDIC

HSBC Premier Checking - $450 Welcome Deposit

Expires 3/31/2022
  • Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
  • Open your new HSBC Premier checking account online by March 31, 2022; and
  • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
  • You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
  • Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Amber Kong is a content and creative at CreditDonkey, a credit card comparison and reviews website. Write to Amber Kong at amber.kong@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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