Santander Bank $500 Business Checking Bonus

Business owners can earn a $500 bonus when they open a new business checking account with Santander Bank. They also must complete the qualifying eligible requirements.

Santander Bank $500 Business Checking Bonus Summary

• Availability: NH, MA, RI, CT, DE, NY, NJ & PA
• Expiration: 05/31/2022
• Credit Inquiry: Soft Pull
• Credit Funding: No
• Direct Deposit Requirement: None
• Monthly Service Fee: $15, $50; see below to waive monthly fees
• Early Termination Fees: None listed, check with CSR for more information

(Offer expires 05/31/2022)

How to Earn Bonus

To receive a $500 cash bonus:

• Your business must not currently have, nor have had, any business checking account with Santander Bank in the last 12 months
• Your business must do all of the following:
  • (i) Open a new Santander Business Checking or new Santander Business Checking Plus account by 05/31/2022 and keep it open for 90 days
  • (ii) Maintain an average daily ledger balance of $3,500 or more for the first 90 days, starting the first business day after account opening.
• Your Promotion Code must be entered at new account opening to be eligible for this offer.
•  The Santander business checking account must be open and in good standing to receive the $500 cash bonus at the time of bonus payment.
• You will receive a $500 cash bonus in your new Santander business checking account within 30 days of meeting all offer requirements.

Avoid Monthly Fees

• Business Checking: $15 Monthly Fee
  • Avoid the monthly fee with any:
    • $5,000 average daily checking account balance
    • $10,000 combined business deposit balances
    • Make three debit card purchases with your Santander Business Debit MasterCard
    • Receive one or more Santander Merchant Services payments deposited into the account
    • Receive $50 or more in Account Analysis service fees
• Business Checking Plus: $50 Monthly Fee
  • Avoid the monthly fee with any:
    • $40,000 average daily checking account balance
    • $60,000 combined business deposit balances
    • Receive one or more Santander Merchant Services payments deposited into the account
    • Receive $50 or more in Account Analysis service fees

Author’s Verdict

Santander Bank’s Business Checking Bonus offers requirements that are fairly easy to complete with a great bonus amount. Take advantage and boost your business with their full-featured Santander Business Checking Plus or cover the essentials with Santander Business Checking.

If you are interested in more bonuses with this bank, check out our full list of Santander Bank Promotions. Also, find our complete list of updated bank bonuses and business bank bonuses.

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