Extended to 4/30/2024
Update 9/5/23: Extended to January 15, 2024
Update 5/25/23: Deal is back through September 7th (ht Lochquel)
Update 5/8/23: Valid until May 22, 2023.
Update 12/2/22: There is a new link with a maximum bonus of $1,000. This has a holding period of 60 days. Hat tip to JW
Update 10/24/22: Extended until Feb. 5 2023.
Update 7/4/22: Extended until November 7th.
Update 3/8/22: $1,000 bonus back down to $750.
Update 11/4/21: $750 bonus is now $1,000 with the same requirements. Also available in CO,MN, SD, and WI after the TCF Bank acquisition.
Update 8/16/21: Deal is bac through November 7, 2021. Accounts can be opened online, but sadly the monthly fees are no longer being waived. Hat tip to justmeha
Update 7/13/20: Deal is back and valid until October 7th, 2020. Deal is even better than first thought as they are waiving fees on the Unlimited Business & Plus accounts until 12/20.
Offer at a glance
- Maximum bonus amount: $300/$500
- Availability: OH, MI, IN, PA, KY, WV & IL. In branch only [Branch locations]
- Direct deposit required: No
- Additional requirements: Deposit $5,000/$25,000
- Hard/soft pull: Soft
- ChexSystems: No
- Credit card funding: None
- Monthly fees: $20-$30, avoidable
- Early account termination fee: 180 days, bonus forfeit
- Expiration date:
September 30th, 2017January 7th, 2018March 31st, 2018 June 30th, 2018 September 30th, 2018December 31st, 2018April 15th, 2019 April 7, 2020 July 7thOctober 7th, 2020
Contents
The Offer
- Huntington Bank is offering a bonus of $1,000 when you open a new Unlimited Plus Business Checking account in branch using a coupon. Requirements are as follows
- Make cumulative deposits of at least $20,000 within 60 days of account opening
- Huntington Bank is offering a bonus of $400 when you open a new Unlimited Business Checking checking account in branch using a coupon. Requirements are as follows:
- Make cumulative deposits of at least $10,000 within 60 days of account opening (was previously $5,000)
- Huntington Bank is offering a bonus of $200 when you open a new Business Checking 100 checking account in branch using a coupon. Requirements are as follows:
- Make cumulative deposits of at least $2,000 within 60 days of account opening
The Fine Print
- To be eligible for this offer, click Email My Coupon from this page, so that the promotion code is claimed at time of account opening. This offer is only available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia or Wisconsin
- To qualify for the $750 cash bonus, you are required to open a new, qualifying Huntington Accelerated Business Checking account during the promotional period between April 1, 2018 and June 30, 2018, make cumulative new money deposits into the checking account of at least $25,000 or more and make at least 30 transactions within 60 days of account opening.
- A transaction includes 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.
- Account must maintain an open account status for at least 90 days before it is eligible for the bonus payment
- Your $750 bonus will be deposited into your new business checking account within 14 days of meeting all of the above requirements. Your business checking account must remain in an open status to receive the bonus. An Early Account Closing Fee will apply to accounts closed within 180 days of opening.
- This offer is only available to new business checking customers. All existing Huntington business checking customers, including those with any relationship (including fiduciary) to any other Huntington business checking account, or those who closed a business checking account within the last six months, are not eligible. Public Fund/Government Banking dollars and Brokers are not eligible for this offer
- Transfers from another Huntington deposit account do not count as a deposit. This offer cannot be used in combination with any other business checking offer.
- 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.
Avoiding Fees
You don’t have to pay the monthly fees for the first three months. Update: The 3 month fee waiver no longer applies
Business Checking $100 ($0 Monthly Fee – $200 Bonus)
This account has no monthly fee to wory about.
Unlimited Business Checking Checking ($20 Monthly Fee – $400 Bonus)
This account comes with a monthly fee of $20, avoid the fee for any monthly statement period where the
total deposit relationship balance is at least $10,000.
Unlimited Plus Business Checking ($30 Monthly Fee – $750 Bonus)
This account comes with a monthly fee of $40, Avoid the fee for any monthly statement period where the total deposit relationship balance is at least $50,000.
Early Account Termination Fee
Thes accounts needs to be kept open for a minimum of six months, otherwise you will forfeit the bonus.
Our Verdict
Sometimes you can get a bonus of $500 for opening a fast track business checking account, the nice thing about that offer is that it’s a lot easier to keep fee free. This $750 bonus is as high as the accelerated bonus goes. Keep in mind you’d need to keep $25,000 deposited for six months to keep the bonus and avoid any fees. There are no fees for the first three months so you’d really just want to deposit $20,000 then withdraw it and then add $25,000 again later to keep it fee free (or just pay $90 in fees). If you put that into an account earning 2% APY you’d earn $125 I will add this to the list of the best business checking bonuses available because this is as high as this bonus goes. There is also a $200 personal checking bonus that is worth doing (not currently available sadly. Hopefully somebody finds a working link). People have successfully gotten both the business & personal checking account bonuses before.
Big thanks to reader, Charles DoC Fan who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
Bonus History
- Update 5/1/20: Deal is even better than first thought as they are waiving fees on the Unlimited Business & Plus accounts until 12/20. Hat tip to reader P J
- Update 4/30/20: Extended until July 7th, 2020.
- Update 1/2/20: Extended until April 7, 2020. Hat tip to reader Kyle
- Update 10/10/19: Deal is back and valid until December 31st, 2019 (note the fine print on the landing page says 9/30 but when you e-mail yourself a code it says December 31st, 2019). $750 bonus only requires a deposit of $20,000 instead of $25,00 now as well. Hat tip to reader Mystique
- Update 01/06/19: Valid until April 15th, 2019. Hat tip to reader YAR
- Update 10/01: Valid until December 31st, 2018. Hat tip to reader YAR
- Update 09/03: Deal is much better as the monthly fees are waived the first three months. Hat tip to MyChurn2000.
- Update 07/03: New links have been found. Thanks to reader Ampersand. $200 bonus has also returned
- Update 07/01: Bonus has now expired, view more checking account bonuses here.
- Update 05/18/18: Bonus has been increased to $750 again. Hat tip to reader Ampersand.
- Update April 1st, 2018: You can now only get a $400 bonus for opening the fast track business bonus. Accelerated offer not currently available.
- Update January 8th, 2018: Bonuses are back and valid until March 31st, 2018. Fast track business checking bonus has been reduced from $350 to $300 and Accelerated bonus has been decreased from $750 to $500. Hat tip to reader akaak
- Bonuses are back and available again until January 7th, 2018. Thanks to reader Stephan. Fast Track bonus has been decreased to $350 from $500.
What is the current promo code for branch opening. Bank rep said I need code prior to going in. Online version auto populates but doesn’t show code. I have churned this online multiple times but now have to go into branch.
Figured it out. Disregard previous comment.
Got the visit branch message online 2 weeks back for both P1 and P2 Sole SSN and EIN. Drove 3.5 hrs to branch and got it opened yday. Worth the trip for 3K for 2nd time churn.
Are you OOS or just in state but no branch in your area?
In state and no branch near.
I am OOS and drove 3.5 to a branch opened Personal and Business account last year.
The language seems to indicate that they can limit welcome offers: “Huntington reserves the right to limit an individual to one account-related gift incentive per rolling 12-month period across all deposit account relationships”. I assume you didn’t have this issue?
“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.”
“This offer is only available to new business checking customers. All existing Huntington business checking customers, including those with any relationship (including fiduciary) to any other Huntington business checking account, or those who closed a business checking account within the last six months, are not eligible”
Do we have to wait 6 months or 12 months between accounts?
Well you would need to keep the account open for 6 months to avoid the early termination fee, then you would need to wait another 6 months to be eligible (based on the 2nd statement above), so then you’re past the 12-month period and are eligible for a bonus again (based on the 1st statement).
TL;DR – 12 months if following the rules
But, feel free to cut it short if you want to test things. I doubt they can charge the ETF if an account is at $0, and it takes at least 90 days from account opening for the bonus to pay out. So theoretically you could close your account immediately after receiving the bonus, wait 6 months, open a new account, and then receive the next bonus just after you cross the 12-month threshold.
TL;DR – 6 months if abusing the rules, but YMMV
Have people avoided fees on the Unlimited Plus Business Checking during the first few months (before downgrading the account) WITHOUT having personal checking accounts or 50K balances in the business account? (I have an IRA but it’s personal, and I’m thinking it won’t count toward the necessary Relationship Balance needed to avoid fees.) Thoughts?
I tried opening a Sole prop with my social security number and got the “We would be happy to help you in branch” message. I don’t have a legit business so kudos to those that got it open without having one.
Same man, I’ve tried with my SSN and EIN but can’t get past that screen no matter what.
DP from Pennsylvania:
2023/11/06: “Unlimited Plus” business checking account opened (online, as sole prop, with EIN).
2023/11/20: Transfer from Ally to Huntington posts ($20100). Coded as P2P.
2024/01/23: “Promotional Incentive – Thank You” posts ($1000).
To date, I have not been charged with any monthly fees. Like others, I plan to downgrade this account to the Business Checking 100 option and ride that out until I can close after 180 days (which should be sometime in May).
Great start to the week. This was my first-ever business account bonus. Thanks as always, Doc.
“These accounts needs to be kept open for a minimum of six months, otherwise you will forfeit the bonus.”
Quoted from the description above.
Can anyone point me into the right direction as to where it actually lists this?
On the bonus offer page I see where it’s vaguely says there is a early closing fee. I don’t see any closing fee listed on the fee disclosure statement. Am I missing it somewhere on a different terms page?
Extended to 4/30/2024 according to: https://www.huntington.com/business-banking-promotions-offers
Have done this one twice in the past. No longer able to open online. “We would be happy to help you in branch.”
Ditto
I got approved for a biz account online as sole prop, got the account number and everything. but due to technical difficulties, the promo code could not be saved – Must reach out to the nearest branch?
Anyone experience this before?