This offer has expired. See the full list of available bank bonuses here.
Santander Bank Bonus, Get Up to $600 with New Checking Account
Santander Bank has a new promotion that was sent out by mail. If targeted, you can earn up to $600 with a new checking account. Let’s take a look at the details for this Santander Bank bonus.
Offer
The mailer comes with a unique code that can be used online or in branch. Here’s how to earn the bonus:
- Go to SantanderBank.com/EarnBonusforBalance yo open an account online or visit a branch with your promo code
- Get $300 when you open a Simply Right Checking account by December 31, 2020 and have direct deposits totaling $3,000 or more post to your account within the first 90 days
- Get $200 when you maintain an average daily balance of $3,500 for first 90 days
- Plus, get an additional $100 when you complete both
Eligibility
- 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.
- Offer is transferable until redeemed by addressee and we reserve the right in our sole discretion, to limit the number of time this promotion code maybe be used.
Fees
Simply Right Checking is the best option. It 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.
The Santander® Premier Plus checking account has a $25 monthly fee that is waived with $4,000 in direct deposits, or $25,000 in combined balances in deposits
No early closing fees.
Guru’s Wrap-Up
This is the best bonus we have seen from Santander. If targeted then it’s definitely worth going for it. Seems like you are also able to use the code more than once based on the terms of the offer.
To get the maximum bonus you need to pen an account with the promo code provided, have direct deposits totaling $3,000 or more within 90 days and keep a $3,500 balance for the first 90 days. The bonus should post 30 days later, so you need to keep the account open for at least 4 months. It’s easy to keep the Simply Right Checking account fee-free, which makes this bonus even better.
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
- Promo Page (need unique code)
- Bonus: $225/$400
- Promo Code: Generate code at offer page
- Account Type: Simply Right/Premier Plus
- Availability: NH, MA, RI, CT, DE, NY, NJ or PA
- Expiration Date: 12/31/20
- Inquiry Type: Soft pull
- Credit Card Funding: Up to $500 (Online)
- Direct Deposit Requirement: $3,000 within 90 days (see what works)
- Other requirements: $3,500 balance for 90 days
- Monthly Fee: $10 (waivable with one monthly transaction)
- Closing Account Fee: None (need to keep account open for 120 days to get bonus)
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