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Read about current Santander Bank bonuses and promotions here.
Santander Bank has branches in the following states: Connecticut, Delaware, Florida, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island.
Typical bonus amounts have been for $125, $150, $200, $225, $240, $300, $400, $500,etc.
Santander Bank has been running bonus offers for their Checking, Savings, and Business accounts for years. Their Savings and CD rates aren’t market leading, so see our Savings Rates and CD Rates pages for those offers.
Get the latest offers below.
Santander Bank Personal Checking $225 Bonus
Open a new eligible personal checking account with Santander bank to receive this $225 bonus. Direct Deposit is required for this offer.
- $225 bonus expires 03/31/2019
- Eligible accounts include the Simply Right Checking, Basic Checking, and Premier Plus Checking.
- Offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, or PA.
- The minimum opening deposit is $25 for Basic Checking, $25 for Simply Right Checking, and $50 for Premier Plus Checking.
- Application triggers a Soft Pull, which doesn’t affect your credit.
- You can fund the opening deposit with a credit card up to $1,000.
- Direct Deposit is required for the bonus. *See ways to trigger a Direct Deposit.
EARNING THE BONUSWAIVE THE MONTHLY FEEFINE PRINT
How To Get Your $225 Bonus
- Register and bring the email you receive to any Santander branch or visit Santanderbank.com/digitalbonus by March 31, 2019.
- Using the same name and email address you used to register for a coupon, along with the promotion code received, open an eligible Santander Checking account and
have direct deposits of $1,000 or more post to the account in the first 90 days. - Keep your account open for 90 days and open at the time of bonus payment.
- Once you meet these conditions, your $225 bonus will be paid within 30 days.
- Direct deposits include deposits made by your employer or a federal or state government agency or retirement benefits administrator and generally payments made by corporations or other organizations. It does not include deposits to your Account that are made by an individual using online banking or an Internet payment provider such as PayPal. *More tips on this here.
Basic Checking
The Basic Checking account has a fixed $3 Monthly Fee that can’t be waived.
Simply Right Checking
Simply Right Checking $10 monthly fee – waived when you make any financial transaction that posts during the calendar month. Includes deposits, withdrawals, transfers or payments. Excludes fees, rebates or adjustments posted by Santander. Be sure to enroll in paperless statements to avoid the $3 paper statement fee.
Premier Plus Checking
Premier Plus Checking $35 monthly fee – waive with $6,000 in total direct deposits or $75,000 in combined balances in deposits** and investments held with Santander Investment Services during the service fee period.
- You must be 18 years or older.
- Offer is not available if any account owner is a current deposit customer of Santander or had a Santander deposit account in the last 12 months prior to account opening.
- Offer cannot be combined with any other bonus offer.
- The account needs to be open for at least 90 days and remain open in an eligible account type until payment of bonus, which will occur within 30 days thereafter.
- In addition, the account must remain open and in good standing to be bonus eligible.
- If multiple accounts are opened with the same signer, only one account will be eligible for the bonus.
- Bonus is considered interest and will be reported to IRS on Form 1099INT.
- For the purposes of the bonus, Santander considers Direct Deposits to include deposits made by your employer or a federal or state government agency or retirement benefits administrator, and, generally, payments made by corporations or other organizations.
Author’s Verdict:
While the Basic Checking account only has a $3 Monthly Fee, I’d recommend going for the Simply Right Checking account since the $10 monthly fee is so easy to waive. All you need to do is make any type of financial transaction that posts for that month to waive the fee.
Santander $620 Business Checking Bonus
Earn a $250 bonus for a new Business Checking account and then another $250 in cash back by using Clover Hardware solutions (a provider of Point-Of-Sale services). You can also receive $120 in fee waivers when you enroll in Santander Check Deposit Link. Meeting all requirements will get you a well earned $620 bonus.
- $620 bonus offer expires 03/31/2019
- Eligible accounts include the Business Checking and Business Checking Plus
- Offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, or PA.
- Application triggers a Soft Pull, which doesn’t affect your credit.
- You can fund the opening deposit with a credit card up to $1,000.
How To Earn The $250 New Business Checking Bonus
- To receive a $250 cash bonus, you must be a business with revenues up to but not exceeding $3,000,000, your business must not currently have nor have had any business checking account with Santander Bank, N.A. (“Santander”) in the last 12 months, and your business must do all of the following:
- (i) Open a new Business Checking or new Business Checking Plus account between 01/01/2019 and 03/31/2019 and keep it open for 90 days, and
- (ii) Maintain an average daily ledger balance of $1,000 or more for the first 90 days after account opening.
- The business checking account must be open and in good standing to receive the $250 cash bonus at the time of fulfillment.
- You will receive a $250 cash bonus in your new Santander checking account within 30 days of meeting all offer requirements.
- Your promotion code BIZ25O1F3119 must be entered during new account opening to receive this offer.
- They reserve the right to decline to open an account in our sole and absolute discretion.
- They report the $250 bonus to the IRS as interest for the year in which it is received.
- One $250 cash bonus per business entity as identified by Taxpayer Identification Number (TIN).
How To Earn Another $250 In Cash Back
- To receive the $250 merchant bonus, your business must not currently have, nor have had, any Santander Merchant Services account in the last 12 months, and your business must do all of the following:
- (i) Open a new merchant processing account with Santander Merchant Services, powered by First Data, between 01/01/2019 and 03/31/2019 and keep it open for 90 days;
- (ii) Link your new Santander Merchant Services processing account to your Santander business checking account;
- (iii) Receive 2 or more Santander Merchant Services payments into your Santander business checking account within 90 days.
- You will receive a $250 bonus in your linked Santander business checking account within 30 days of meeting all offer requirements.
- One $250 cash incentive per business entity as identified by Taxpayer Identification Number (TIN).
- Santander Merchant Services are provided by First Data Merchant Services.
- Merchant account is subject to credit approval by First Data Merchant Services and requires merchant acceptance of applicable terms and conditions.
- Additional merchant locations with the same TIN are ineligible for the stated offer.
Getting Up To Another $120 Back
- This offer is available to businesses with annual revenues up to $3,000,000, subject to acceptance rules, policies, and guidelines of Santander.
- Acceptance decisions are made by Santander in its sole discretion and subject to change at any time without notice.
- This offer is only available to businesses who (1) apply by 03/31/2019, and (2) who do not currently have, nor have had, Santander Check Deposit Link in the last 90 days, and (3) have one of the following Santander checking products: Business Checking, Business Checking Plus, Basic Business Checking, or Business Interest Checking.
- For qualified applicants, Santander will waive the $30 monthly maintenance fee for the first four months from enrollment.
- Other fees may apply.
- Should the service be terminated before a full calendar year from enrollment is up, you will be charged a $300 cancellation fee.
Earn $500 In Bonuses With Referral Program
If you’re a Santander bank customer you can make referrals and earn a $50 bonus per referral, up to $500 yearly. Your referrals will also be able to earn the $50 bonus as well. Unfortunately that would mean you’re knowingly letting them earn only a $50 bonus when they could be earning the higher $150 bonus mentioned above.
EARNING THE BONUSFINE PRINT
How To Make Referral Bonuses
- Use the referral offer page to sign up and start making referrals.
- Enter your friends’ email address and add a personalized message so they know it’s coming from you.
- Once your friend accepts the invitation, opens an eligible Santander checking account with the promotional code they received, and completes the program requirements**, you both will receive a $50 digital Visa Prepaid Card.
- Repeat and make up to $500 in referral bonuses per year.
- Referred friend is not eligible to participate if they’re a current or former Santander customer who has had a Santander checking account in the prior 12 months from new account opening.
- Employees of Santander and its affiliates are not eligible for this program.
- The $50 digital Visa Prepaid Card amount received may be reported as income to the IRS, state, and local tax authorities if required by applicable law.
- *You may earn a $50 digital Visa Prepaid Card for each referral that meets all program eligibility and qualification requirements. You may earn up to $500 in digital Visa Prepaid Cards per calendar year.
- **Referred person must open a new Simply Right Checking ($25 minimum opening deposit), Santander Basic Checking ($25 minimum opening deposit), Student Value Checking ($10 minimum opening deposit) or Santander Premier Plus Checking ($50 minimum opening deposit) within 90 days of receiving a Santander Refer-a-Friend invitation, and meet the program requirements within 60 days of opening the new account which are having one or more direct deposits totaling at least $250 and keeping the new account open for at least 60 days.
- Offer cannot be combined with other checking cash bonus offers.
- Limit of one bonus per qualifying account.
Santander Student Value Checking $25 Bonus
Open and use a new Student Value Checking account to earn a $25 bonus with this offer.
- $25 bonus offer expires 03/31/2019
- The Student Value Checking account is eligible for the offer
- Offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, or PA.
- Application triggers a Soft Pull, which doesn’t affect your credit.
- You can fund the opening deposit with a credit card up to $1,000.
EARNING THE BONUSFINE PRINT
How To Earn The $25 Bonus
- Get $25 when you open a new Student Value Checking account with minimum opening deposit of $10.
- Make 10 debit card purchases that post to your account within 60 days of account opening.
- Your Student Value Checking account must be open and in good standing to be bonus eligible.
- Bonus Payment will occur within 30 days after initial 60-day requirements are met
- Cannot be combined with other offers.
- One bonus per customer.
- The bonus is considered interest and will be reported to the IRS on Form 1099-INT.
- If multiple accounts are opened with the same signer, only one account will be eligible for the bonus.
- Student Value Checking is available to students 16 through 25 years of age.
- Legal guardian co-owner required for those between 16–18 years.
- Once you reach 26, we may convert your Student Value Checking to another checking product.
- Students who currently have a personal checking account or who have had a personal checking account with Santander Bank in the last year are not eligible for this offer.
- Offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, or PA.
- Offer subject to change at any time.
- Santander team members are not eligible.
*Check back for the latest on Santander Bank promotions, bonuses and offers.
Other Bank Offers You May Like
The best bank promotions are updated here. See the below pages to get started with some of the best offers:
- Chase Bank Offers. Read about several offers for their Checking, Savings and Business accounts. Chase usually offers the most sign-up bonuses of all the big banks.
- HSBC Bank Offers. Some big value offers available for their Checking accounts, with some requiring hefty deposits to qualify. They also have an online Savings account offering a very competitive rate.
- TD Bank Offers. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available.
- CIT Bank Offers. Sign-up bonuses haven’t been available lately, but their online Savings and Money Market rates are some of the best nationwide.
- BBVA Compass Offers. Bonus offers for their Checking accounts are only available for limited periods throughout the year. They also have great options for those looking for a free Checking account (no monthly fees).
- Simple Bank Offers. Simple Bank had a referral program where you could earn unlimited $20 bonuses per qualified referral. The program is currently down for maintenance but should be back soon.
FEATURED PROMOTIONS
| OFFER LINK | OFFER | OUR REVIEW |
| Chase Premier Plus Checking℠ | $300 Cash | Review |
| Chase Total Checking® + Chase Savings℠ | $350 Cash | Review |
| Chase Sapphire℠ Checking | 60,000 Points | Review |
| Chase College Checking℠ | $100 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| HSBC Premier Checking. Member FDIC | $750 Cash | Review |
| HSBC Advance Checking. Member FDIC | $350 Cash | Review |
| HSBC Choice Checking. Member FDIC | $200 Cash | Review |
| HSBC Direct Savings. Member FDIC | 2.22% APY | Review |
| HSBC Cash Rewards Mastercard® credit card | $150 Cash | Review |
| TD Bank Premier Checking℠ | $300 Cash | Review |
| CIT Bank Savings Builder | 2.45% APY | Review |
| Barclaycard Arrival Plus® World Elite Mastercard® | 70,000 Miles | Review |
| Ally Invest | $3,500 Cash | Review |
| TD Ameritrade | $600 Cash | Review |
You must bring the code. I went into the Pembroke MA branch &had left the promotion card at home. Marisa acted like she had NO idea that they were running a $225 bonus promotion. She then asked for my license & credit card (I had no problem w this), so she “could see what she could do for me”. No problem. TDbank here I come.
Hey Tony, a few items of note:
*The link to Santander’s offer expired on 06/30, but your page says 09/30.
*With the Simply Right, there is a $3 paper statement fee unless the customer enrolls in paperless statements
*Direct Deposit offer was $500 in total direct deposits over the first 90 days, not $1,000
Thanks for bringing this to my attention; I sort of rushed things and forgot to update a few details!
Tony
Great info thanks for the helpful info and tips passing on the web site to family.
Hi everyone! If you are considering to open a Santander bank account, don’t hesitate to use the following referral link which will give both you and me an additional $50 referral bonus! Thx https://bit.ly/2kOM8Ib
If I apply from your link, do you know whether I can get the $225 bonus together with this $50 or not?
In the end, it’s up to Santander so you should check with them, but the $225 offer clearly states that the promo can’t be combined with any other offers. If you go through with it, please let everyone know how it goes!