Santander Bank Bonus, Get $400 w/ New Account

[Expired] Santander Bank Bonus, Get $400 with New Checking Account (Select States)

January 19, 2021

🛑 This offer has expired. See the full list of available bank bonuses here.

Santander Bank Bonus, Get $400 with New Checking Account

Santander Bank has a promotion that can earn you $400 when you open a new checking account. This Santander Bank bonus is for residents of NH, MA, RI, CT, DE, NY, NJ, or PA and available till March 31, 2021.

Offer

Get a $400 bonus when you complete the following requirements:

Open a new and eligible checking account by 3/31/2021 using the unique promotion code shown on the promo page after you provide your name and email address.
Have direct deposits totaling $4,000 post to the account within the first 90 days.
Keep your account open for at least 90 days and open at the time of payment.
Once you have met these conditions and your account has been open for 90 days, your $400 bonus will be paid within 30 days.

You can easily open your account online 24/7. Branches are also available. Visit the branch locator to find a location near you. Promotion Code must be entered at new account opening to be eligible for this offer, and cannot later be added to an account, or changed, unless it is presented and applied within 14 days of account opening. Eligible accounts include the following with these minimum opening deposit requirements: Simply Right^® Checking ($25), Santander^® Basic Check Checking ($25), Santander^® Premier Plus Checking ($50), and Santander Select^® Checking ($150).

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 might be 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.

Basic checking has a $3 monthly fee that can’t be waived.

No early closing fees.

Guru’s Wrap-Up

This is a great bonus from Santander, and it’s even better this time around since you can open a Simply Right Checking account that is easy to keep fee-free. Basic Checking is also a decent option with a $3 monthly fee.

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
Bonus: $400
Account Type: Simply Right
Availability: NH, MA, RI, CT, DE, NY, NJ or PA
Expiration Date: 3/31/21
Inquiry Type: Soft pull
Credit Card Funding: Up to $500 (Online)
Direct Deposit Requirement: $4,000 within 90 days (see what works)
Other requirements: No
Monthly Fee: $10 (waivable with one monthly transaction)
Closing Account Fee: None (need to keep account open for 120 days to get bonus)