Bank Index

Honor Bank

Bank · Honor, United States · overall 5.0 / 10

Open in Bank Index

How this 5.0 is built

Average of 6 scored needs: 5.0. Regulation in United States: 87/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.

Honor Bank is recorded in the global register as a bank in Honor, United States. The register shows its licence as licensed. Total assets 0.44 bn USD at 2026-06-30. It reports 9 offices. Established 1917. Collected from open registers.

On its own website: “A local, full-service community business bank that has proudly served northern Michigan for the last 100 years. We are invested in the community and want to see it thrive.”

Legal name
Honor Bank
Licence confirmed
yes, on a regulator's own list
Established
1917
LEI
98450089CFE04ED8C818
Website
www.myhonorbank.com/

Scores, 0 to 10

6.5Financial strength & stability
· source
6.0United States
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
5.5Cross-border payments, FX and multi-currency accounts
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
3.5Lowest fees
The bank's own page names the monthly account charge. Transfer and card prices were not read on that page, so this score speaks only for the monthly charge. It reads: “35 per additional item over 350 50% off first check order $20 monthly fee Upgrade from LAUNCH – free for 60 days Ascend Interest-bearing account best” · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.