Santander Bank has a $150 business checking account bonus that comes in the form of a Visa Card. The bonus applies to new Business Checking or Business Checking Plus accounts.
Bonus Requirements
To receive the $150 bonus, your business must do all of the following:
- Make a minimum of $1,500 in total deposits, AND
- Complete fifteen (15) or more customer-initiated transactions (debit only), AND
- Keep the new account open for at least 90 days.
Must open a new Basic Business Checking, Business Checking, or Business Checking Plus account.
Fees
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
Eligibility
- 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
Likely only available in NH, MA, RI, CT, DE, NY, NJ or PA.
Guru’s Wrap-Up
A decent bonus but we’ve seen much better bonuses for business accounts from Santander. I would suggest waiting for something better, unless you need a business account right away. This offer if through a referral link and you can get your own referrals as well for the same bonus to earn $50 for every friend or family member that signs up.
Offer Details
- Apply here
- Account Type: Business Checking
- Availability: Check with zip code
- Expiration Date: 3/31/17
- Inquiry Type: Soft pull
- Credit Card Funding: Unknown
- Direct Deposit Requirement: No
- Other requirements: $1,500 deposit and 15 transactions
- Monthly Fee: 15 (waived with 3 debit card purchases)
- Closing Account Fee: Unknown
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