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Huntington Business Checking 100 review

For small businesses that require fewer transactions.

finder.com’s rating: 3.3 / 5.0

★★★★★

The Huntington Bank Business Checking 100 account is best for startups, sole proprietorships or small businesses. The account offers no monthly maintenance fees and minimum balance requirements. But businesses located outside the eleven states it serves, or that require more than 100 monthly transactions will want to look elsewhere.

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$0 per month

Fee

N/A

APY

$0

Minimum deposit to open

Details

APYN/A
Fee$0 per month
Minimum deposit to open$0
Intro or bonus offerGet $100 when you open a new Huntington Business Checking account by March 7, 2022. You must deposit at least $2,000 within 60 days and keep your account open for at least 90 days.
ATMsFree at more than 1,800 ATMs
Out-of-network ATM fee$3
Foreign transaction fee3%
Overdraft fee$36

Review by


Heather Petty is a personal finance writer at Finder, specializing in home and personal loans. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing has been featured on MSN, Credit.com and MediaFeed, among others. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She earned a bachelor’s degree in English with a minor in journalism from the University of Nevada, Reno.

Expert review

The Huntington Business Checking 100 account is best for small businesses looking to take advantage of the suite of business tools Huntington offers without all the fees associated with larger accounts. It offers no monthly maintenance fees and minimum balance requirements.

But as your cash intake and transaction rates grow, you may face a fee if you surpass the 100 monthly transaction limit. And the bank’s footprint is limited to 11 states.

How do I open a Huntington Business Checking 100 account?

To open an account, you’ll need to:

  1. Go to the provider’s site and follow the steps to apply.
  2. Contact your local branch to learn the requirements for your state.
  3. Gather all appropriate documents.
  4. Contact an account representative to open your account.

Eligibility

To apply for the Huntington Business Checking 100 account, you’ll need to meet the following requirements:

  • At least 18 years old
  • Valid Social Security number
  • Business located in one of Huntington’s service areas

Required Information

The information you need to open your account depends on the type of business you’re running and the state requirements in your area. General requirements include:

  • Valid personal identification for each partner, such as a driver’s license or passport
  • Social Security number or Employer Identification Number
  • Legal document identifying the structure and name of the business
  • One or more authorized representatives present at the time the account is opened

What are the benefits of a Huntington Business Checking 100 account?

The Huntington Business Checking 100 account offers free email and text alerts and general business services such as deposit scans and payroll. Additional perks include:

  • No monthly fees. You won’t pay a monthly fee to maintain the account.
  • 120-day service trial. Get free access to the Huntington antifraud tool, Reverse Positive Pay.
  • Digital business tools. Use the Hub to access your spending trends, cash position, cash flow forecasts and more. Sole Proprietor account holders will have access to this app in 2020.
  • Overdraft protection. Huntington provides 24-hour overdraft relief that will give you more time to make a deposit and avoid an overdraft fee. But return fees don’t apply.
  • $100 bonus offer. Get $100 when you open a new Huntington Business Checking 100 account by February 05, 2022. You must deposit at least $2,000 within 60 days and keep your account open for at least 90 days.

What should I look out for?

Some things to keep in mind before applying for a Business Checking 100 account, include:

  • Limited footprint. Huntington only serves customers in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia and Wisconsin.
  • Limited transactions. You’ll pay 50 cents for every transaction you make after your free 100 monthly transactions.
  • Limited deposits. You’ll pay 30 cents for every $100 deposited after your $5,000 monthly deposit limit.

If you want a business account with unlimited monthly transactions, you’ll want to keep looking. As always, compare your options when choosing a business checking account.

Huntington Business Checking 100 ATM network and fees

Use your Huntington debit business card at over 1,800 free ATMs across the eleven states it services. You also won’t pay a fee on ATM transactions for accounts opened in Florida.

You’ll pay an ATM fee in the following cases:

  • You’ll pay $3 on any non-Huntington ATM transactions in addition to any ATM owner fees.
  • You’ll pay $2 for each Huntington extended statement.
  • You’ll pay 3% on international debit and ATM transactions.

Compare with other business checking accounts

1 - 7 of 13
Name Product Fee APY ATMs Minimum deposit to open
Live Oak Bank Small Business Checking Account
Finder Rating: 4.7 / 5: ★★★★★
Live Oak Bank Small Business Checking Account
$0
N/A
Access over 55,000 free in-network ATMs
$0
Pay $0 monthly and account opening fees. Deposit checks, pay bills and initiate transfers online. Access a large network of 55,000+ fee-free ATMs. Connects to QuickBooks.
Found
Finder Rating: 4 / 5: ★★★★★
Found
$14.99 monthly or $95.88 annually for Found Plus
N/A
You can use your Found card at any ATM
$0
Designed for freelancers and self-employed individuals, Found offers banking, bookkeeping, invoicing, tax withholdings and payments, and more. Manage everything from one app.
Bluevine Business Checking
Finder Rating: 4.6 / 5: ★★★★★
Bluevine Business Checking
$0
2.00% on balances of $0 to $100,000 You need spend $500 a month or receive $2,500 a month in customer statements.
38,000+ MoneyPass® locations nationally
$0
No hidden fees: $0 monthly, overdraft, minimum deposit and transaction fees. Get 2 free checkbooks a year. Earn 2% interest on up to $100,000 after qualifying transactions. Organize your business finances with 5 sub-accounts with unique account numbers. Receive secure logins for each team member.
Lili
Finder Rating: 4.6 / 5: ★★★★★
Lili
$9 for Lili Pro
1.50% With Lili Pro and by opening an Emergency savings account
38,000 fee-free ATMs nationwide
$0
Small business owners and freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital banking account.
First Internet Bank Small Business Checking
Finder Rating: 4.5 / 5: ★★★★★
First Internet Bank Small Business Checking
$0
0.50% on balances of $10,000+
0.00% on balances of $0 to $9,999
Up to $10 ATM fee reimbursements a month, plus free access to the ATM Plus Network
$0
Get banking tools designed to help you run and build your business, such as budgeting tools, net worth reports and financial wellness tracking. Earn 0.5% APY with a balance of $10,000. Get reimbursed up to $10 per month in ATM fees. Pay no hidden fees with $0 monthly fees, $0 minimum balance and unlimited monthly transactions.
Novo
Finder Rating: 4 / 5: ★★★★★
Novo
$0
N/A
Novo doesn't charge ATM fees and will reimburse any non-network fees you incur
$0
A low-fee online checking account designed for small businesses and startups.
Axos Bank Basic Business Checking
Finder Rating: 4.5 / 5: ★★★★★
Axos Bank Basic Business Checking
$0
N/A
ATM fees reimbursed at any ATM nationwide
$0
No monthly maintenance fees, no minimum deposit requirement, unlimited domestic ATM fee reimbursements and $100 bonus
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Compare up to 4 providers

How do I deposit or withdraw my money?

Keeping in mind the transaction limits on this account, there are several ways to make deposits and withdraw money:

Deposit

  • Mobile check deposit
  • By debit or credit card at point of sale using Huntington Merchant Services
  • By cash or check at an ATM
  • In person at a branch
  • By electronic ACH transfer
  • By wire transfer

Withdrawal

  • At an ATM
  • Mobile and online bill pay
  • By check
  • Mobile and online wire transfer application
  • Online payroll application
  • In person at a branch
  • By electronic ACH transfer

What other business checking options does Huntington offer?

In addition to the Business Checking 100 account, Huntington offers the following checking options:

  • Unlimited Business Checking. An account for larger businesses that includes unlimited transactions and the choice of one bonus feature.
  • Unlimited Plus Business Checking. An interest-bearing account that includes unlimited transactions and the choice of two bonus features.
  • Business Analyzed Checking. Charges fees for each transaction that can be offset by an earnings credit.

Frequently asked questions

Does Huntington offer business savings accounts?

Yes. Visit the Business Savings Account page to see the savings and money market account options.

How do I make a payment to my business credit card?

You must have an online account to make a payment. Once your account is active, you can optionally set up a recurring payment using the Schedule Auto-Pay feature.

How do I close my account?

You must contact your account representative to close your account.

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

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