Santander Bank has a publicly available $250 business checking account bonus, besides the targeted $500 bonus. The bonus applies to new Business Checking or Business Checking Plus accounts.
To receive the $250 bonus, your business must do all of the following:
- Open a new Business Checking or new Business Checking Plus account between 1/17/17 and 3/31/17 and keep it open for 90 days
- 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 not have a negative balance 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.
The best option is the Business Checking account which comes with a $15 monthly fee. It can be waived with one of the following options:
- $5,000 average daily checking account balance, or
- $10,000 combined business deposit balances, or
- Make three debit card purchases with your Santander Business Debit MasterCard, or
- Receive one or more Santander Merchant Services payments deposited into the account, or
- Receive $50 or more in Account Analysis service fees
- Business with revenues up to but not exceeding $3,000,000
- Must not currently have nor have had any business checking account with Santander Bank in the last 12 months
The terms say that promotion code must be entered during new account opening to receive this offer. I contacted Santander by email and was told that the promotion is open to all customers who currently open a business account with Santander Bank.
Also, you only submit your contact info and a banker will contact you within 2 business days, so you can still double check your eligibility.
Apparently the bonus is not available nationwide as I first reported (thank you Sue for info in comments). Could be limited to states with Santander branches, but check with your zip code to verify if your are is included.
- Apply here (submit info, they will contact you)
- Account Type: Business Checking (best option)
- Availability: Check with zip code
- Expiration Date: 3/31/17
- Inquiry Type: Soft pull
- Credit Card Funding: Unknown
- Direct Deposit Requirement: No
- Other requirements: Average daily ledger balance of $1,000 or more for the first 90 days
- Monthly Fee: 15 (waived with 3 debit card purchases)
- Closing Account Fee: Unknown