Huntington Business Checking Accounts Review

Account Features

Huntington Bank offers four business checking accounts, two of which offer unlimited transactions. Huntington accounts are particularly good for small businesses, but can accommodate businesses of any size. Accounts are tiered with the simplest perfect for small businesses or non-profits with limited monthly transactions, to larger enterprises that would require things like payroll and fraud prevention services. 

Business Checking 100 - Huntington's most basic account, ideal for start ups and those businesses with minimal monthly transactions. Business Checking 100 has no monthly service fee, but will charge you if you exceed $5,000 in monthly deposits or 100 transactions in total. The account also comes with a 120 day free trial of Huntington Bank's Fraud Tool.

Unlimited Business Checking - Has a monthly service fee but unlimited transactions allowed. This account has a $10,000 monthly cap on deposits included in the monthly service fee. This fee can be offset by maintaining a total of $10,000 in other Huntington accounts. Unlimited Business Checking customers get to choose one bonus service at no extra charge. These services include the fraud tool, Huntington Deposit Scan, payroll, two free incoming domestic wires, and up to 25 free returned deposit items per month.

Unlimited Plus Business Checking - Also unlimited transactions, but Huntington's highest monthly deposit limit at $25,000 included in the service fee. This account is also interest bearing. Customers can waive the fee by maintaining $50,000 combined balances in other Huntington accounts. Account holders can choose two bonus services at no extra charge.

Additional Features

All Huntington business checking accounts include access to the following services, though depending on the account additional fees may apply.

• Online business and bill pay
• Payroll services
• Fraud tools
• Sweep and merchant services
• Huntington Deposit Scan
• Electronic ACH transfers

Huntington customers also get access to The Hub for Business, the company's digital experience which has a spend analysis feature, look ahead calendar, cash flow forecast, and pop up alerts. Additional features include treasury management tools, Huntington Debit MasterCard, and overdraft protection. 

Fees and Restrictions

It's not clear if Huntington requires a minimum initial deposit or minimum balance to maintain for all of its business checking accounts. In terms of monthly service fees and deposit limits it breaks down as follows:

Business Checking 100 - $0 service fee. Fees for making more than 100 monthly transactions. Up to $5,000 in monthly deposits with a 30 cent fee for each $100 after.

Unlimited Business Checking - $20 monthly service fee. Unlimited monthly transactions. Up to $10,000 in monthly deposits with a 30 cent fee for each $100 after.

Unlimited Plus Business Checking - $40 monthly service fee. Unlimited monthly transactions. Up to $25,000 in monthly deposits with a 30 cent fee for each $100 after.

Reputation and Financials

Huntington was founded in 1866 as The Huntington National Bank. The company operates physical branches in Illinois, Indiana, Kentucky, Missouri, Ohio, Pennsylvania, West Virginia, and Wisconsin, so customers who want to be able to have face to face interaction should take note if the bank has locations in their state. Huntington is a BBB accredited business with an A+ grade. Although the bank has a lot of complaints registered with the bureau, the majority have been answered and closed. Similarly, most of the complaints lodged with the CFPB regarding checking and savings accounts have been answered by Huntington in a timely manner. 

In terms of financial strength ratings, which judge an institutions creditworthiness, the Huntington National Bank received an A- from Fitch, and A3 from Moody's , and an A- from Standard and Poor's.