To receive a $250 cash bonus your business must do all of the following:
- Use promo code BIZ2507A919
- Open a new Business Checking or new Business Checking Plus account between 07/01/2019 and 09/30/2019 and keep it open for 90 days;
- Maintain an average daily ledger balance of $3,000 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 merchant bonus with Santander Merchant Services. 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 $3,000 for 90 days. The requirement was increased from $1,000. 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. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
- Promo Page
- Promo Code: BIZ2507A919
- Account Type: Business Checking
- Availability: In-branch (located in NH, MA, RI, CT, DE, NY, NJ, PA)
- Expiration Date:
9/30/2018 12/31/2018 3/31/2019 6/30/201909/30/2019
- Inquiry Type: Soft pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other requirements: $3,000 balance for 90 days
- Monthly Fee: 15 (waived with 3 debit card purchases)
- Closing Account Fee: Unknown