Santander Bank has a $250 business checking account bonus available if you open a new account in-branch.
To receive a $250 cash bonus your business must do all of the following:
- Use promo code BIZ25ON128
- Open a new Business Checking or new Business Checking Plus account between 10/1/18 and 12/31/18 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 $250 bonus will be reported to the IRS as interest for the year in which it is received.
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
- Must be a business with revenues up to but not exceeding $3,000,000
- Business must not currently have nor have had any business checking account with Santander Bank, N.A. (“Santander Bank”) in the last 12 months
One $250 cash bonus per business entity as identified by Taxpayer Identification Number (TIN).
Offer is available in-branch only.
The bonus actually comes in two parts. You get $250 for a new business checking account and another $250 on Clover Hardware solutions. The second part it probably not worth it for most readers. The $250 checking bonus is as easy as it gets. You just need to open the account with the promo code provided and keep a balance of at least $1,000 for 90 days. It’s also easy to keep the account fee-free. The issue is that you need to go into a branch to open it, so it will only work for those who have one nearby. They currently have a $250 bonus for new personal checking accounts as well.
- Promo Page
- Promo Code: BIZ25ON128
- Account Type: Business Checking
- Availability: In-branch (located in NH, MA, RI, CT, DE, NY, NJ, PA)
- Expiration Date:
- Inquiry Type: Soft pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other requirements: $1,000 balance for 90 days
- Monthly Fee: 15 (waived with 3 debit card purchases)
- Closing Account Fee: Unknown