Small businesses with low monthly transaction volume can choose cost-effective Huntington Business Checking 100. This low-tier account has no monthly fees, 100 fee-free monthly transactions, and a $2,500 cash deposit allowance.
Growing businesses can upgrade to Unlimited Business Checking or Unlimited Plus Business Checking, which offer unlimited free transactions and higher monthly cash deposit limits. All three Huntington business accounts provide free debit cards, online and mobile banking, and 24-hour grace periods for overdraft and returned items.
Huntington Bank is a Federal Deposit Insurance Corp. (FDIC)-insured bank with over 1,000 full-service branches. To be eligible to open a business checking account, your business must be based in Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin. You can visit the bank’s website or one of its branches for account opening.
Pros
- Up to $1,000 cash back bonus for new accounts
- 24-Hour Grace® Overdraft and Return Fee Relief
- No monthly fees for the Business Checking 100
- No minimum opening deposit
Cons
- Costly domestic and international outgoing wire fees
- High maintaining balances for monthly fee waiver of higher-tier Huntington business checking accounts
- Limited physical branches
Features
- Free debit Mastercard
- Online and mobile banking
- Deposit checks, send money, and pay bills online
- $50 Safety Zone feature lets you avoid an overdraft fee
- Bonus services include free desktop check deposit scanner, payroll discount, and free incoming wires
- Access to Huntington SmartTax® service allowing timely tax payments
- Access to The Hub for financial management tools
- Business savings, money market accounts, and certificates of deposit (CDs)
- Small Business Administration (SBA) loans, real estate loans, and term loans available
How Huntington Bank Stacks Up With Its Competitors
Monthly Fee | Monthly Transaction Limit Before Fees | Monthly Cash Deposit Limit Before Fees | Minimum Opening Deposit | |
|---|---|---|---|---|
Business Checking 100 | $0 | 100, then 50 cents per item | $2,500; then 30 cents per $100 | None |
Business Advantage Fundamentals Banking | $16; waivable | 200, then 45 cents per item | $7,500, then 30 cents per $100 | $100 |
Fifth Third Business CheckingTM | $0 | 100, then 50 cents per item | $5,000, then 3/10ths of a cent per $1 | None |
The Huntington Business Checking 100 account has no monthly fees, similar to Fifth Third Bank’s basic checking product. Meanwhile, Bank of America has a waivable monthly fee. Under the free monthly transaction allowance, both Huntington and Fifth Third Bank provide 100 free transactions and charge 50 cents past the limit. Bank of America, however, doubles the number of free transactions, at 200 each month.
In terms of fee-free monthly cash deposits, the Huntington deposit limit is the lowest among the three traditional banks, set at $2,500. Meanwhile, Fifth Third Bank offers $5,000, whereas Bank of America offers a generous $7,500 cash deposit limit. Only Bank of America requires an opening deposit.
When Huntington Bank Is a Good Fit
- You’re a startup or small business with a low monthly transaction activity: With a Business Checking 100 account, you get up to 100 free transactions and up to $2,500 in free cash deposits each month. If you need higher limits, you can upgrade to Unlimited Business Checking or Unlimited Plus Business Checking.
- You want to save on monthly fees: Huntington’s Business Checking 100 account has no monthly fee.
- You need access to Small Business Administration (SBA) loans: In our list of the best banks for small business loans, we named Huntington Bank the best for small-scale SBA loans. In 2022, it was the number one SBA lender in the country, having approved approximately 5,600-plus SBA loans for almost $1 billion. As of September 2023, the bank approved over 6,500 SBA loans at more than $1.2 billion, according to SBA’s 7(a) & 504 Lender Report.
- You seek a welcome bonus for opening a new account: Huntington Bank is part of our roundup of best business account promos and offers a welcome bonus of up to $1,000. You must meet activity requirements to earn the cash back bonus.
- You want reliable overdraft protection: Huntington Bank made it to our roundup of the top banks for small business for its overdraft and return fee protection features. Businesses are offered 24-Hour Grace® for Business to cover overdrafts until midnight to avoid overdraft fees and returned item charges.
When Huntington Bank Is Not a Good Fit
- You need to visit a physical branch, and your business operates outside the Huntington Bank service area: Huntington only operates physical branches in Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin. If you want a bank with a larger physical presence, choose Chase, which has locations in 48 states. Read our Chase business checking review to determine which of its accounts best suits you.
- Your business sends and receives wire transfers frequently: Huntington charges steep fees for wire transfers. Under Mercury, all wire transfers are free. Learn more through our review of Mercury business checking.
- You seek ATM fee savings: Huntington Bank charges a costly $3.50 ATM fee when you transact at nonnetwork ATMs, plus you need to account for third-party operator surcharges. We recommend Novo since this provider refunds all ATM fees at the end of each month. Check out our Novo business checking review to determine if its account fits your needs.
For additional recommendations, read our list of the best small business checking accounts.
Huntington Bank Business Checking Overview
- Terms
- Features
Business Checking 100 | Unlimited Business Checking | Unlimited Plus Business Checking | |
|---|---|---|---|
Required Opening Deposit | $0 | ||
Conditions to Waive Monthly Fee | N/A | $10,000 total deposit relationship balanceEligible deposits when maintaining a relationship balance are to this checking account and any other checking, money market, savings, or certificates of deposit (CDs) owned by the business. Deposits owned by separate legal entities, even those that share employer identification numbers (EINs) or tax ID numbers (TINs) are not eligible. OR maintain a qualifying personal account to waive monthly fee* | $50,000 total deposit relationship balanceEligible deposits when maintaining a relationship balance are to this checking account and any other checking, money market, savings, or CDs owned by the business. Deposits owned by separate legal entities (even those that share EINs or TINs) are not eligible. OR maintain a qualifying personal account |
Transaction LimitA transaction is any combination of checks paid, deposit tickets, deposited checks (except those processed thru a remote deposit scanner), incoming automated clearing house (ACH) debits and credits, debit card purchases, and bill payment transactions via Huntington's Online Bill Pay service. | 100 per month | Unlimited fee-free transactions | Unlimited fee-free transactions |
Excess Transaction Fee | 50 cents per item | N/A | |
Monthly Fees | None | $20 | $40 |
Domestic Wire Transfer Fees | Incoming: $18 Outgoing: $50 (branch-initiated) | ||
International Wire Transfer Fees | Incoming: $25 Outgoing: $80 (branch-initiated) | ||
ATM Fees | None at Huntington ATMs | ||
Monthly Cash Deposit LimitMonthly cash deposits apply to in-branch and ATM transactions. | Up to $2,500 free | Up to $10,000 free | Up to $25,000 free |
Excess Cash Deposit Fee | 30 cents per $100 | ||
Annual Percentage Yield (APY) | N/A | Yes; varies by locationThe provider’s website states that this account pays an APY; however, we have been unable to obtain the exact APY from the provider at this time. | |
Welcome Bonus for New Business | $100 | $400 | $1,000 |
Bonus ServicesHuntington's available bonus services are | 120-day free trial of fraud prevention tool, reverse positive pay | One free bonus service | Two free bonus services |
Business Checking 100 | Unlimited Business Checking | Unlimited Plus Business Checking | |
|---|---|---|---|
Debit Card | Huntington Debit Mastercard BusinessCard | ||
Physical Checks | Varies on quantity and design | ||
Software Integrations | QuickBooks and Quicken | ||
Business Payment integrations | Huntington Merchant Services via Clover, eBill Present and Pay (EBPP), and Zelle | ||
Customer Service | Hotline: (800) 480-2001 Mondays to Fridays, 8 a.m. to 7 p.m. Eastern time Saturdays, 8 a.m. to 2 p.m. ET | ||
Other Products | Business savings, money market, credit card, lending, and insurance | ||
Huntington Bank Business Checking Requirements
You can visit the Huntington website or stop by one of its branches to open a business bank account. Part of the Huntington Bank business checking requirements is providing personal information, such as your name; address; EIN, if applicable; TIN; and date of birth.
A government-issued ID is required, such as:
- Driver’s license
- REAL ID card
- United States Department of Defense (DoD) ID card
- Passport/passport card
- Social Security card
- Birth certificate
You can open an account online if you are:
- Authorized to open accounts and transact on behalf of the business
- 18 years and older
- A US citizen
- Based in the US and operating in Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin
Click on your entity type to view the bank’s additional business checking requirements.
The sole proprietor must be present at a Huntington branch to open the account with the following documentation:
- Two forms of personal identification
- Social Security number
- EIN
- EIN assignment letter
- Assumed name certificate or fictitious name certificate
At least two general partners must be present during account opening at a Huntington branch for a General Partnership Bank Account with the below documentation. The controlling party, along with any beneficial owner who owns 25% or more of a business, will be required to provide additional information and complete a Certification of Beneficial Ownersform.
- One form of personal identification for each general partner
- EIN
- At least one form of business identification:
- Partnership agreement
- Government-issued business license
- EIN assignment letter
- Assumed name certificate or fictitious name certificate
At least two General Partners must be present upon account opening. Additional documents may be required before your business deposit account can be opened. The list provided below may change as applicable state and federal regulations change.
- One form of personal identification for each general partner
- EI)
- The EIN assignment letter or business identification must provide verification of the business address, or the business will need to provide an additional document to confirm the address, such as a utility bill or vehicle registration
- Registered certificate of limited partnership
- Partnership agreement
- Assumed name certificate or fictitious name certificate
- The controlling party, along with any beneficial owner who owns 25% or more of the business, will be required to provide additional information and complete a Certification of Beneficial Ownersform
At least two LLC members (or manager, if applicable) must be present at account opening for an LLC Bank Account, unless the entity is a sole member LLC. The controlling party, along with any beneficial owner who owns 25% or more of a business, will be required to provide additional information and complete a Certification of Beneficial Ownersform.
Huntington will need the following documentation:
- Two forms of personal identification
- Social Security number, if the entity is a sole member LLC
- EIN
- EIN assignment letter
- Assumed name certificate or fictitious name certificate
- Registered articles of organization
- Operating agreement listing the names of member(s) and the manager
All LLP Partners must be present to open an account for a corporation with the following documentation. The controlling party, along with any beneficial owner who owns 25% or more of a business, will be required to provide additional information and complete a Certification of Beneficial Ownersform.
- One form of personal identification for each authorized signer
- EIN
- Registration of LLP
- LLP agreement, including the names of the partners
- EIN assignment letter
At least two Officers of the corporation must be present to open an account for a corporation with the following documentation. The controlling party, along with any beneficial owner who owns 25% or more of a business, will be required to provide additional information and complete a Certification of Beneficial Ownersform.
- One form of personal identification for each authorized signer
- EIN
- Registration of incorporation
- Assumed name certificate or fictitious name certificate
- EIN assignment letter
At least two representatives of the association or organization, as identified in the governing document, must be present upon account opening.
- By-laws, charter, constitution, or other governing document
- EIN
- The EIN assignment letter or business identification must provide verification of the business address, or the business will need to provide an additional document to confirm the address, such as a utility bill or vehicle registration.
- Assumed name certificate or fictitious name certificate
Additional documents may be required before your business deposit account can be opened. The list provided above may change as applicable state and federal regulations change.
Before opening an account, see our guide on how to open a business bank account. It includes a free downloadable checklist of documents typically required upon account opening.
Huntington Bank Business Checking Features
The Huntington small business checking accounts offer debit cards, welcome bonuses, access to online and mobile banking, and overdraft protection.
Welcome Bonus
All three Huntington business checking accounts provide welcome bonuses to newly opened accounts that meet specific new moneyNew money refers to money that is not currently on deposit in any Huntington Bank account, except maturing business CDs.deposit requirements.
Your accounts must maintain open status for at least 90 days to become eligible for earning the welcome bonus. Huntington will deposit the bonus into your account 14 days after you meet the requirements. Account conversions and existing Huntington business checking customers, including those with closed business checking accounts within the last six months, are ineligible for this offer.
Business Checking Accounts
- Business Checking 100 suits startups and small businesses with low transaction volumes. Users get up to 100 free monthly transactions, a $2,500 cash deposit allowance, and a free fraud tool, reverse positive pay, with a free 120-day trial. This account does not charge a monthly service fee.
- Unlimited Business Checking fits businesses with higher transaction activity and cash flow needs. Customers get unlimited transactions, $10,000 fee-free cash deposits, and a choice of one bonus serviceHuntington's available bonus services are:
- Free Huntington Deposit ScanSM Desktop scanner
- 10% discount off Paychex payroll services
- No charge on two incoming domestic wires per month
- No fees for returned checks up to 25 occurrences each month
- Free reverse positive pay fraud prevention tool. The $20 monthly service fee is waived by meeting the required deposit balances or having an eligible checking account. - Unlimited Plus Business Checking benefits larger businesses with greater transactions and treasury management needs. Clients can take advantage of unlimited transactions, $25,000 free cash deposits, and a choice of two bonus servicesHuntington's available bonus services are:
- Free Huntington Deposit ScanSM Desktop scanner
- 10% discount off Paychex payroll services
- No charge on two incoming domestic wires per month
- No fees for returned checks up to 25 occurrences each month
- Free reverse positive pay fraud prevention tool. The $40 monthly service fee is waivable.
Debit Mastercard BusinessCard
Each Huntington business checking account comes with its own free Huntington Debit Mastercard BusinessCard. The card provides fee-free access to over 1,800 1,600 Huntington ATMs and can be used anywhere Mastercard is accepted. It offers the following benefits:
- Zero liability protection protects you against unauthorized transactions.
- Travel assistance services, including visa and passport requirement information, immunization information, and help with lost/stolen travel documents and luggage.
- MasterCard Global Concierge Service offers personalized assistance for securing dinner reservations and tickets to events, coordinating business arrangements, locating hard-to-find items, and booking travel.
- MasterRental car rental collision damage waiver insurance covers the costs of physical damage and theft to rental vehicles.
- Identity theft resolution services assist you with credit bureau notification and credit card replacement and provide you with an ID Theft Affidavit in the event of identity theft.
You can issue new debit cards to authorized personnel. Additional cards can have limited or full functionality, depending on what you choose.
Online Banking & Mobile Banking
Huntington’s Business Online platform lets you do the following:
- Pay vendors, employees, and state and federal taxes
- Deposit checks through remote deposit capture
- Sign up for email, push, or text alerts
- Manage account permissions
The bank also has a mobile app, called Huntington Mobile, that allows mobile check deposits. It has a rating of 4.8 out of 5 on the App Store[1] from around 211,000 reviews and 4.4 out of 5 on Google Play[2] from about 48,800 reviews.
Users recently mentioned that the app’s latest update has a lot of technical issues, leading to freezing and reduced check deposit functionality. Some complained that the app doesn’t retain login credentials, which results in locked accounts. Reviewers also stated that the verification code system is unreliable since they received error messages.
The Hub for Business
The bank offers access to the Business Hub, an online platform that provides financial tools, Spend Analysis, Look Ahead Calendar, and Cash Position & Cash Flow Forecast. You can keep track of your past expenses, view your future expenses through the calendar’s monthly view, check your business cash levels, and monitor your business’s cash reserves to analyze the cash inflow and outflow.
Overdraft & Return Fee Protection
In the event that your account balance lacks the funds to cover that day’s transactions, Huntington’s 24-Hour Grace® Overdraft & Return Fee Relief provides a 24-hour grace period to restore your balance to the appropriate threshold. The deposits must be made before midnight in Central time the next business day. Deposits must bring your balance to positive and cover all new transactions from that day. Additionally, with Huntington’s $50 Safety Zone, you do not have to pay fees for overdrafts of $50 or less.
Check out our guides to business overdraft protection and returned item fees to learn what they are and how they work.
Bonus Services
Opening a Business Checking 100 account gives you access to a 120-day free trial for Huntington’s fraud prevention tool, reverse positive pay. Meanwhile, with an Unlimited Business Checking or an Unlimited Plus Business Checking account, you can select one and two services, respectively. Here are the bonus services that you can choose from:
- Free Huntington Deposit ScanSM Desktop scanner
- 10% discount off Paychex payroll services
- No charge on two incoming domestic wires per month
- No fees for returned checks up to 25 occurrences each month
- Free reverse positive pay fraud prevention tool
Other Huntington Bank Business Products
Huntington Bank business accounts also include analyzed checking, business savings, money market, and CDs. The bank also offers loans, credit cards, insurance, and treasury management services.
If your organization has more complex banking needs, you can upgrade to Business Analyzed Checking, which lets you offset fees through earnings credit. The higher your balance, the more earnings credit you receive.
- Business Premier Savings charges a monthly fee of $5, waivable with a minimum balance of $500
- Business Premier Plus Money Market charges a monthly fee of $10, waivable with a minimum balance of $10,000
- Business CDs charge no monthly fees.
- Lines of credit can be utilized for purchasing inventory and meeting payroll expenses, and other business costs. It offers variable interest rates.
- Term loans are available for purchasing or upgrading equipment and machinery.
- Real estate loans allow equity building through buying, constructing, or refinancing owner-occupied properties.
- Dental and veterinary practice loans are accessible for funding healthcare practices.
- SBA loans have low down payments at 10% and longer terms without loan covenants or monitoring requirements.
- SBA 7(a) loans are available up to $5 million for business acquisitions, openings, and expansions. They can also be used for equipment financing, working capital, or refinancing existing debt.
- SBA Express loans are easily accessible for smaller loans and follow a quick review process. Read our guide to SBA Express loans to learn more about how they work.
- SBA 504 loans provide long-term, fixed-rate financing and can be used for purchasing equipment for business expansion or upgrade.
You may learn more about the different SBA loans through our guide on SBA loan types, rates, and requirements.
The Huntington Voice Business Credit Card has no annual or foreign transaction fees. It earns 1% unlimited cash back on all purchases and provides an unlimited number of employee cards.
Each quarter, you can select a specific expense category that will earn 4% cash back. Cash back will apply to the first $7,000 you spend for that category in that quarter. The categories are:
- Gas stations
- Travel and entertainment
- Restaurants
- Discount and warehouse stores
- Grocery stores
- Utilities and office supply stores
- Electronics, computer, and camera stores
- Department, apparel, and sporting goods stores
- Home improvement stores
- Auto parts and service stores
Read our Huntington Voice Business Credit Card review to learn more details about the card’s features and rewards.
Huntington Bank offers the following insurance services:
- Bonds
- Business succession planning
- Commercial title insurance
- Employee benefits
- Franchise or association benefits
- Property and casualty insurance
- Professional liability insurance
- Risk management program
- Merchant services
- Payroll services
- Remote deposit capture (RDC)
- SmartTax® service
- Lockbox services
- Vault deposit services
- ACH
- Fraud mitigation
- Account reconciliation
- Controlled disbursem*nt
- eBill Present & Pay (EBPP)
- Foreign exchange
Huntington Bank Business Checking Reviews From Users
There are no specific Huntington Bank business checking reviews available. Recent feedback came from users who appreciated the bank’s short-term, interest-free loans, which help in credit building. Some also praised the rates of car loans.
However, others mentioned having experienced account issues due to fraud and reported delayed arrivals of replacement cards. Some also had negative customer service interactions and complained about account closures due to suspected fraudulent activities.
The bank has a rating of 2.7 on WalletHub[3] from around 1,500 reviews and 2.2 on ConsumerAffairs[4] from about 400 reviews.
Bottom Line
With its fee-free basic account, Business Checking 100, Huntington Bank suits small businesses and startups that generate low monthly transaction volume and want to save on fees. However, upgrading to Unlimited Business Checking or Unlimited Plus Business Checking also provides several cost-saving benefits.
Although the monthly fees and minimum balance requirements of those two Huntington business checking accounts are significantly higher, they provide unlimited free transactions, high cash deposit limits, and access to additional business services.
User review resources:
1App Store
2Google Play
3WalletHub
4ConsumerAffairs
