[Expired] Santander Bank $500 Business Checking Bonus is Back (Targeted)

Santander Bank $500 Business Checking Bonus

Santander Bank has an amazing business checking account bonus available, but it’s sadly a targeted one. You have to open it in branch it look like, but for $500 it’s well worth it if you have a code. This bonus has been around before, it’s just even easier to get now. And it looks like you should be able to use the same code multiple times.

Offer

If you were targeted, then the requirements are pretty simple. To receive a $500 cash bonus:

Open a new Santander Business Checking or new Santander Business Checking Plus account by 03/31/2020 and keep it open for 90 days; and
Maintain an average daily ledger balance of $3,500 or more for the first 90 days, starting the first business day after account opening.
Your Promotion Code must be entered at new account opening to be eligible for this offer.

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

Offer is transferable until redeemed by the addressee in the corresponding letter or email and we reserve the right, in our sole discretion, to limit the number of times this Promotion Code provided in the corresponding letter or email may be used.
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

Guru’s Wrap-up

A good offer if you are targeted. You need to open an account by the end of March and maintain a balance of $3,500 or more for the first 90 days. Looks like the same code can be used more than once from the wording in the terms, but if you are targeted it is safer to apply yourself first and then test it out.

Did anyone receive this offer?

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

Offer Page
Account Type: Business Checking (best option)
Availability: Nationwide but Targeted
Expiration Date: 3/31/2020
Inquiry Type: Soft pull
Credit Card Funding: Unknown
Direct Deposit Requirement: No
Other requirements: Average daily ledger balance of $3,500 or more for the first 90 days
Monthly Fee: 15 (waived with 3 debit card purchases)
Closing Account Fee: Unknown