This Santander Bank $150 bonus has been extended till the end of June, 2018. It requires $1,000 in direct deposits and is limited to NH, MA, RI, CT, DE, NY, NJ or PA.

Offer Requirements

Open and use a new Simply Right Checking account and get $150 when you do the following:

• Open an eligible new checking account by 6/30/2018 with the promotion code: DIGBONUSA5J
• Have direct deposits totaling $1,000 or more post within the first 90 days
• Keep your account open for at least 90 days and open at the time of bonus payment
• Once you meet these conditions, your $150 bonus will be paid within 30 days

You can apply online or in branch.

Eligibility

Offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ or PA.

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.

Fees

Simply Right Checking account has a $10 monthly fee that is waived when you make any financial transaction that posts during a calendar month. Includes deposits, withdrawals, transfers or payments. Excludes fees, rebates or adjustments posted by Santander.

No early closing fees.

Guru’s Wrap-Up

This Santander Bank $150 bonus has been ongoing for the last few quarters. They had a $225 bonus that required an even smaller direct deposit amount. I would suggest waiting for that bonus again.

If you’re going for it, then the best option is the Simply Right Checking account, which has a higher fee than Basic checking, but it is waiveable. All you need to do is one transaction a month to keep it fee-free, such as bill pay. To get the bonus, just open the account with $500 credit card funding (set CA fees to $0) and then do a direct deposit of $1,000. They also a have a business checking bonus for the same amount.

You can also open a savings account and fund it with an additional $500 with a credit card.

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.

Offer Details

• Apply Here
• Bonus: $150
• Promo Code: DIGBONUSA5J
• Account Type: Simply Right Checking (best option)
• Availability: NH, MA, RI, CT, DE, NY, NJ or PA
• Expiration Date: 3/31/2018 6/30/2018
• Inquiry Type: Soft pull
• Credit Card Funding: Up to $500 (Online)
• Direct Deposit Requirement: Yes (total of $1,000 within 90 days)
• Other requirements: No
• Monthly Fee: $10 (waiveable with one monthly transaction)
• Closing Account Fee: Must be kept open for 90 days to receive bonus

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