Business Checking and Savings Accounts at Huntington National Bank
Huntington National Bank offers a wide range of business checking and savings accounts designed to meet the diverse needs of businesses, from small startups to large enterprises. The bank provides businesses with flexible, customizable accounts that come with numerous tools and features to help manage payroll, streamline cash flow, and simplify day-to-day financial operations. These services are structured to help businesses focus on growth and operations, while Huntington handles the financial complexities.
Business Checking Accounts
Huntington’s business checking accounts are tailored to businesses of all sizes and types, providing a robust platform for managing financial transactions, controlling expenses, and ensuring smooth cash flow. One of the most notable options is Unlimited Business Checking, which allows businesses to handle large volumes of transactions without facing additional fees.
1. Unlimited Business Checking
The Unlimited Business Checking account is ideal for businesses with high transaction volumes and varying cash flow needs. It offers a variety of features that cater to businesses requiring efficient, cost-effective checking services.
Key Features:
- No Transaction Limits: As the name suggests, this account provides unlimited transactions with no extra fees. This feature makes it perfect for businesses that process a high number of payments or deposits each month.
- Free Electronic Payments: Businesses can send electronic payments to vendors, employees, or suppliers with ease and no additional cost, helping streamline payroll and accounts payable.
- Access to Huntington’s Digital Tools: Account holders get access to Huntington’s suite of business management tools, including the highly useful Huntington Hub, which consolidates all account activity in one convenient dashboard.
- Fraud Protection Services: Huntington offers advanced fraud monitoring and alerts, ensuring that businesses are protected from unauthorized transactions and cyber threats.
2. Business Checking 100
For smaller businesses or startups, Huntington offers Business Checking 100, which is designed for businesses with fewer transactions each month but still provides essential services for effective financial management.
Key Features:
- Up to 100 Transactions per Month: This account includes up to 100 transactions at no additional cost, making it ideal for businesses with moderate monthly transaction volumes.
- Low Maintenance Fees: This account has a low or even waivable monthly maintenance fee, depending on the average balance maintained or if the business holds a linked Huntington savings account.
- Overdraft Protection: With Huntington’s Business Overdraft Protection, businesses can safeguard their accounts against unexpected shortfalls by linking a business savings account, line of credit, or credit card to automatically cover overdrafts.
3. Business Analyzed Checking
For larger businesses with more complex needs, Business Analyzed Checking provides a comprehensive solution. This account is ideal for companies that require cash management services, treasury management, and more sophisticated financial analysis.
Key Features:
- Earnings Credit: Businesses can earn a credit on their balance, which can be used to offset monthly fees for additional banking services like wire transfers and ACH services.
- Cash Management Tools: Huntington’s cash management services, such as positive pay and remote deposit capture, allow businesses to monitor cash flow in real time and deposit checks remotely without needing to visit a branch.
- Customized Solutions: This account provides access to a range of business services that can be tailored to meet the specific needs of the company, from customized reporting to payroll management.
Business Savings Accounts
Huntington National Bank offers several business savings accounts that provide businesses with opportunities to earn interest while maintaining liquidity. These accounts are designed to help businesses set aside funds for future needs, growth, or unexpected expenses, while still earning competitive returns on their balances.
1. Business Premier Savings
The Business Premier Savings account is designed for businesses that want to earn interest on their savings while maintaining easy access to their funds. It is ideal for businesses that have excess cash reserves and are looking for a safe place to store their funds with the potential for growth.
Key Features:
- Competitive Interest Rates: Businesses earn interest on their savings, with rates that increase based on account balance tiers. The more the business saves, the higher the interest rate.
- No Monthly Maintenance Fee: There is no monthly fee if the business maintains a minimum balance, making it an ideal solution for companies looking to avoid unnecessary costs.
- Easy Access to Funds: Businesses can transfer funds between their Huntington checking and savings accounts easily, ensuring they have access to their funds when needed.
2. Business Money Market Account
The Business Money Market Account is designed for businesses seeking a higher return on their savings while still maintaining access to their funds. This account combines the earning potential of a savings account with the flexibility of a checking account.
Key Features:
- Tiered Interest Rates: The money market account offers tiered interest rates, meaning businesses earn more as they deposit more into the account.
- Check-Writing Privileges: Unlike traditional savings accounts, this account offers limited check-writing privileges, allowing businesses to use the funds when necessary without facing liquidity issues.
- FDIC Insurance: Just like all Huntington business accounts, funds are FDIC insured up to the maximum allowable limit, providing peace of mind and security for businesses.
Digital Tools and Services
To complement its business checking and savings accounts, Huntington offers a variety of digital tools and services that help businesses manage their finances efficiently.
1. Huntington Hub
The Huntington Hub is a digital tool that helps business owners manage their accounts in one centralized location. The platform allows businesses to:
- Track cash flow in real-time.
- View all account balances and transactions.
- Set alerts for low balances or upcoming payments.
- Generate custom reports to analyze business spending and revenue trends.
2. Cash Flow Management Tools
Huntington provides businesses with innovative cash flow management tools, such as:
- The Cash Positioner Tool: This helps businesses forecast cash flow, allowing them to plan for future expenses and avoid shortfalls.
- Payroll Solutions: Integrated payroll services help businesses streamline employee payments, reducing the administrative burden and ensuring accurate, on-time payroll.
3. Overdraft Protection with 24-Hour Grace®
Huntington’s 24-Hour Grace® program gives businesses an extra day to cover overdrafts, preventing unnecessary fees. This grace period allows businesses to avoid unexpected charges by giving them more time to deposit funds and cover any shortages in their accounts.
Why Choose Huntington National Bank for Business Accounts?
Huntington National Bank stands out as a top choice for business banking due to its focus on delivering personalized financial solutions and digital tools that help businesses manage their finances more effectively.
- Tailored Solutions for All Business Sizes: Whether you run a small startup or a large enterprise, Huntington provides flexible checking and savings account options that can be customized to suit your business’s specific needs.
- Comprehensive Cash Management Tools: Huntington equips businesses with the tools they need to manage cash flow, monitor expenses, and ensure the financial health of their organization.
- Customer-Centric Features: Features like Unlimited Business Checking and 24-Hour Grace® demonstrate Huntington’s commitment to helping businesses avoid unnecessary fees and maintain positive cash flow.
- Digital Access and Convenience: With online and mobile banking tools, business owners can manage their accounts from anywhere, at any time, ensuring they stay on top of their finances.
Contact Information
For more details about Huntington National Bank’s business checking and savings accounts, visit their branch at 35641 Monroe St, Richmond, MI 48062, United States, send an email to info@huntingtonnationals.com, or call +1 (432) 294-6095.
Huntington National Bank’s business checking and savings accounts offer flexible, robust solutions for businesses of all sizes. Whether a company is looking to manage high transaction volumes, save for future growth, or streamline payroll and cash flow processes, Huntington provides the tools and services necessary for long-term success. With tailored features, digital banking tools, and a customer-centric approach, Huntington is well-equipped to support businesses in their financial journeys.