Honor Bank has nine office locations in Michigan. Its small business offerings include business savings and checking accounts, lending, financial education, investments, security, and privacy. In this article, we cover Honor Bank business checking reviews and fees. Ready to get started? Apply now.
Honor Bank Business Checking Fees & Rates
The Honor Bank business checking fees include a minimum daily balance requirement of $500 to enjoy $0 monthly service fee and receive unlimited free deposits and withdrawals.
|Monthly Fee||No monthly fee|
|Minimum Balance Requirement||$500 minimum daily balance to avoid account fees|
|Transaction Fee||No fees for unlimited deposits |
No issue charge for four cashier's checks per month
|Wire Transfer Fee||Incoming (domestic/international): $15|
Outgoing (domestic): $25
Outgoing (domestic - online): $15
Outgoing (international): $50
|Cash Deposit Fee||Information not available|
|Overdraft Fee||$30 per item|
|ATM Fee||No fees for unlimited withdrawal|
Summary of Honor Bank Reviews From Around the Web
We compiled online Honor Bank reviews from Bankrate.com and found that it is rated 4 stars.
Honor Bank Network
Honor Bank operates eight branches and one loan center in Michigan. You may view its branch locator to check which locations are closest to you.
Honor Bank Additional Business Banking Services
Honor Bank also offers the following business services: savings and money market accounts, lines and loans, Small Business Administration (SBA) lending, and credit cards. It currently does not offer wealth management. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
Best Business Checking Account for Small Businesses
Have you read these Honor Bank business checking reviews and are still not sure if it’s right for you? Read our business checking account buyer’s guide comparing the top options and learn which bank we named the best business checking account for small businesses.