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Business bank account review

Huntington Business Checking 100

Business checking from The Huntington National Bank with no monthly fee, 100 transactions a month included and $2,500 of branch or ATM cash a month free; Unlimited Business Checking adds unlimited transactions and $10,000 of free cash for $20 a month unless waived.

By Huntington BankParent company: The Huntington National Bank

RTC SCORE

6.8

#2 of 13 with enough data

What we like

  • Business Checking 100 has no monthly fee and includes 100 transactions a month.
  • $2,500 of cash a month is free at Huntington branches and ATMs, then $0.30 per hundred dollars.
  • Unlimited Business Checking includes unlimited transactions and $10,000 of free cash a month.

What to watch

  • Each transaction over 100 a month costs $0.50 on Business Checking 100.
  • Sole proprietors must open at a branch, and Huntington doesn't mention ITIN for business accounts.
  • Unlimited Business Checking costs $20 a month unless the business keeps a 10,000-dollar relationship balance or an owner has Perks Checking.

How the score breaks down

RTC Score6.8out of 10

Methodology v1.0.0

Data completeness80%

We could verify 80% of the scoring data

Strongest points
12-month cost (reference restaurant), Cash deposit limit, How easy the monthly fee is to avoid
Weakest point
12-month cost (reference restaurant)

Score by criterion

  • 12-month cost (reference restaurant)Weight 32%StrongestWeakest7.9 out of 10

    $126 over 12 months

  • Where you can deposit cashWeight 10%8.0 out of 10
  • Cash deposit limitWeight 10%Strongest10.0 out of 10
  • Owner with an ITIN and no SSNWeight 10%4.0 out of 10
  • Fee to close the accountWeight 10%No data
  • How easy the monthly fee is to avoidWeight 8%Strongest10.0 out of 10
  • Accounting software it connects toWeight 6%No data
  • Open onlineWeight 5%7.0 out of 10
  • Outgoing domestic wire feeWeight 5%2.9 out of 10
  • Mobile check depositWeight 4%No data

All the data, with sources

Each value links to its source. "Not published" means the vendor doesn't disclose it; "Unconfirmed" means we looked and couldn't confirm it. Data points we have for fewer than four vendors are left out until we can compare them.

Fees
Data pointValue
Monthly fee$0/moSource: Huntington Bank (opens in a new tab)Business Checking 100. Unlimited Business Checking costs $20 a month unless waived.
How to avoid the monthly feeNo monthly feeSource: Huntington Bank (opens in a new tab)
Transactions included a month100Source: Huntington Bank (opens in a new tab)A transaction is any check paid, deposit ticket, deposited check (except through a remote deposit scanner), incoming ACH debit or credit, debit card purchase or Online Bill Pay payment.
Each transaction over the included ones$0.50 one-timeSource: Huntington Bank (opens in a new tab)
Outgoing domestic wire$25 one-timeSource: Huntington Bank (opens in a new tab)Sent online; $50 when a Huntington associate sends it.
Minimum opening depositUnconfirmedSource: Huntington Bank (opens in a new tab)Huntington does not publish a minimum opening deposit for Business Checking 100; we looked on its product page and its charges form.
Other feesBusiness Checking 100: Zelle $0.50 per transaction sent or received, non-Huntington ATM $3.50 plus the owner's fee, incoming domestic wire $18, overdraft $36 per item (up to 3 a day), return $36 (up to 1 a day), returned deposited item $15, stop payment $27 online or $35 with an associate, mailed statement $5, dormant account $5 a month, Reverse Positive Pay $8 a month after a 120-day free trial, 3% on foreign transactions.Source: Huntington Bank (opens in a new tab)
Cash deposits
Data pointValue
Accepts cash depositsYesSource: Huntington Bank (opens in a new tab)
Where you deposit cashBank branch, The bank's own ATMsSource: Huntington Bank (opens in a new tab)
Cash deposited free each month$2,500/moSource: Huntington Bank (opens in a new tab)Branch and ATM cash share the $2,500; after that $0.30 per $100. Unlimited Business Checking includes $10,000.
Cash deposit limitNo published monthly capSource: Huntington Bank (opens in a new tab)No monthly cash cap is published; the charges form prices cash above the included amount, and the agreement lets the bank refuse or limit deposits.
Most cash a monthN/ASource: Huntington Bank (opens in a new tab)
Bank and deposit insurance
Data pointValue
Who holds the moneyThe bank itself (FDIC member)Source: Huntington Bank (opens in a new tab)
Bank that holds the depositsThe Huntington National Bank, Member FDICSource: Huntington Bank (opens in a new tab)
Most FDIC coverage offeredNo data
Requirements to open
Data pointValue
What the owners must giveIn general, valid and official ID, a Social Security number or Employer Identification Number, a legal document showing the business's structure and name, and an authorized representative. A sole proprietor opens at a branch with two forms of personal ID (driver's license, state ID or passport), a Social Security number and an EIN if applicable; a single-member LLC gives the SSN; partnerships and companies give the EIN and one ID per signer. It does not mention ITIN.Source: Huntington Bank (opens in a new tab)
Owner with an ITIN and no SSNNot published for business checkingSource: Huntington Bank (opens in a new tab)Huntington lists an SSN for sole proprietors and single-member LLCs and does not mention ITIN for any business structure.
Open onlineOnline for some businessesSource: Huntington Bank (opens in a new tab)The product page offers online applications; the account-opening guide says a sole proprietor opens at a branch.
Day to day
Data pointValue
Mobile check depositNo data
ATM withdrawalsNo fee at Huntington ATMs; $3.50 per transaction at other ATMs, plus the owner's fee.Source: Huntington Bank (opens in a new tab)
Accounting software it connects toNo data
Interest on the checking balanceBusiness Checking 100 and Unlimited Business Checking do not earn interest (Huntington's interest-bearing business checking is Unlimited Plus).Source: Huntington Bank (opens in a new tab)
Account agreement and closing
Data pointValue
Fee to close the accountUnconfirmedSource: Huntington Bank (opens in a new tab)The Business Checking 100 and Unlimited charges forms list no account closing fee, and the business rules we found don't mention one; Huntington doesn't say it is $0.
Minimum termMonth to monthSource: Huntington Bank (opens in a new tab)No minimum term in Huntington's Rules and Regulations for Business Accounts (the version we found is from 2015).
Closing clauseYou or Huntington can close the account at any time (Rules and Regulations for Business Accounts). The charges forms list no closing fee; an account that stays negative for 60 days is closed automatically.Source: Huntington Bank (opens in a new tab)
Right to change feesHuntington may change its rules or charges from time to time, giving the notice the law requires; where the law sets none, it decides whether and how to give notice.Source: Huntington Bank (opens in a new tab)
Language
Data pointValue
Business pages in SpanishNo data
Support in SpanishSays it serves you in SpanishSource: Huntington Bank (opens in a new tab)A bank-wide page, not specific to business accounts: bilingual staff may help, or an interpreter by appointment at a branch; the banking relationship and documents are mainly in English.

More about Huntington Business Checking 100

How we score