Extended to 2/10/25
Extended to 1/7/2025
Extended to September 3, 2024
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:Â $300/$500
- Availability: OH, MI, IN, PA, KY, WV & IL. In branch only [Branch locations]
- Direct deposit required:Â No
- Additional requirements:Â Deposit $5,000/$25,000
- Hard/soft pull:Â Soft
- ChexSystems:Â No
- Credit card funding:Â None
- Monthly fees:Â $20-$30, avoidable
- Early account termination fee:Â 180 days, bonus forfeit
- Expiration date:Â
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. Must keep for 60 days as well
- 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) Must keep for 60 days as well
- 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 Must keep for 60 days as well
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:Â 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.
10/21/2024: Account Opened:
11/07/2024: 20K deposit
01/21/2025: 1k Bonus
can you get this outside of the stated footprint?
Search the comments for OOS.
I hope they keep extending this until like March/April lol.
OOS in-branch opening DP: Opened consumer checking account for $600 bonus and business checking account for $1,000 bonus at a Chicago suburban branch. Have an elderly parent in the area that I visit frequently for extended periods of time, so have an actual need for local accounts. Process was completely painless and very fast; in and out in 30 minutes.
DP:
9/2 Unlimited Business Checking opened online as a sole prop with EIN
10/20 – 10/22 Various transfers totaling $5k+
12/10 $400 Bonus posted as PROMOTIONAL INCENTIVETHANK YOU-
Bonus was dated 12/10 but actually posted overnight on 12/11. Avoided the monthly fee with a personal Perks Checking account.
Did both personal and business bonuses nearly almost concurrently, and the personal bonus paid out on 12/3. I’m not sure if a business account opened with my SSN would have paid out, as some others are reporting issues. However, biz with EIN and personal can still be done overlapping.
Also, note there is a $1 fee for incoming RTP payments. I got smacked with a $3 fee for doing RTP transfers from Chase out of habit. 🤣
Are you able to deposit and then remove and then deposit again to make total deposits 5K?
Yep, that’s what I did.
Sounds like that would be the same for the $20k requirement as well?
Nope. The $20k version has a 60 day hold requirement.
I have $20k in credit today and I’ll have an additional $25k starting Dec 29. I pay 5.66% APY on the credit. If necessary, I could make room for another couple thousand if necessary). I am trying to come up with a good strategy for these bonuses.
Wells Fargo: deposit $25k by day 30, hold until day 90, receive $525, 0% APY, expires Jan 8 2025
Huntington Biz: deposit $20k by day 30, hold for an additional 60 days, receive $1000, 0% APY, expires Jan 7 2025
US Bank Biz: deposit $5k by day 30, hold until day 60, receive $400, receive $400, 0% APY, expires Jan 15 2025 OR deposit $30k by day 30, hold until day 60, receive $900, receive $400, 0% APY, expires Jan 15 2025
Citizens Black Friday: deposit $20k by Dec 6 2024, hold until Mar 5 2025, receive $500, 0% APY OR deposit $10k by Dec 6 2024, hold until Mar 5 2025, receive $250
It seems like Huntington Biz and US Bank Biz may be the highest bonuses. I could open US Bank Biz today, deposit $30k on day 30 and withdraw day 60 for the $900 bonus. I could then open Huntington Biz around 30 days from now. By the time I withdraw from US Bank Biz, I could move it to Huntington for the 60 day/$1000 bonus. Is that a good strategy, or is there a better way to do this? Any way to work in WF Savings or Citizens Black Friday?
I think my decision relies upon these questions:
Huntington, US Bank, and WF deals are almost always renewed, so there’s no rush to do them in any particular order.
The Citizens Black Friday deal is expired unless you opened accounts during the window or had existing accounts already. If that’s the case my play would be:
If you do not have Citizens accounts, then I would do Huntington and US Bank $5k first (the US Bank $900 deal is not very good in my opinion) and then hit WF later.
Thanks so much
mothman69 ! I have Citizens (and actually already put the $20k in just in case). I believe $20k @ 5.66% APY for $500 at Citizens is still profitable w/ income between $50k-$100k…
1. Interest Expense Calculation:
The loan duration is 3 months, which is 0.25 years.
2. Tax Implications:
Assuming a base income of $50,000, the additional $500 investment income increases the total taxable income to $50,500.
3. Net Profit Calculation:
4. Profit Margin Calculation:
Interesting, thanks for the breakdown. Do you consider that profit margin high enough for the time and effort spent to manage opening/funding/monitoring/closing accounts as well as monitoring and paying the loan?
Well, for Citizens, I already had the Savings account open, so that was easy. I would have to close the account anyway to churn. I use Wealthfront PLOC, so the loan takes no time at all. My accountant charges a flat fee for all my taxes, so no hassle on that end.
At the end of the day, it’s like $90. If it’s a few clicks (which it is for Citizens), I think it’s worth it. Would I go into a branch? Heck no.
Also, I’m assuming the FFR and thus the PLOC rate may go down over time.
Out of curiosity, is this from a HELOC?
No, Wealthfront PLOC, which has been pretty nice so far
Any DP on how long a Business Checking 100 account would sit at $0 balance before the bank auto-closes it?
Opened account: 8/27
$20k+ deposited: 9/23
Plan to withdraw after 11/30
Got hit with the $40 service fee on 10/15. Fee was refunded the same day for owning a personal Platinum Perks Checking account. However, my balance dipped below $20k by just a few dollars during that time.
Talked to a banker and they claimed it was an average daily balance so I should be alright. It was refunded the same day, so it ought not to affect the average daily balance. Can anyone corroborate this? Would hate to be out of the running on this one. I see the word ‘average’ is notably absent on the Bonus Addendum that was emailed along with the account opening.
Banker explained it poorly. Your daily balance for an account is the balance at the end of the business day. Your balance temporarily dipped below $20k, but your daily balance didn’t.
This is a great lesson to always maintain enough extra $$ to cover any potential monthly fees. As Pickle Rick already said, your balance at the end of that day was at least $20k so you’re still good.
DP
07/03: Opened Unlimited Plus Business online as a Sole Prop – no docs needed. Had personal acct in the past.
07/10: ACH Push $12K
07/31: Deposited check for $15K
08/10: Removed excess $6.5K 🙂
10/08: $1,000 bonus posted
Got mine the same date. Are you planning on downgrading the account soon?
Does anyone know if the closing the account within 6 months will forfeit the $1000 business checking bonus rule still applies? I dont see it anywhere in the terms when I signed up or in the current terms
There are some DPs of people getting their accounts auto closed within the 6 months for having a 0 balance. I think the best play is to drain the account (i did the 1k bonus), downgrade to free business 100 before next monthly payment hits, and hope that account auto closes before 6 months so re-churning is faster. I’ll be doing this and will update
Any update on this?