Santander Bank Bonus, Get Up to $500 with New Business Checking (Select States)

Santander Bank Bonus

Santander Bank Bonus, Get Up to $500 with New Business Checking

Santander Bank has a new business checking account bonus available. You have to open it in branch it look like, but for $450 it’s well worth it if you have a branch nearby. Branches are in CT, DE, FL, MA, NH, NJ, NY, PA and RI. Check out the details of this Santander Bank bonus below.

Update: There’s now a new link for a $500 bonus through November 30, 2021. This offer is targeted so you must have received an offer with a promo code. The $450 offer should be available to everyone. (HT: DoC)

Offer

To receive a $450 cash bonus, your business must do all of the following:

  • Open a new Santander Business Checking or new Santander Business Checking Plus account with promo code BUS450Q421 by 12/31/2021 and keep it open for 90 days
  • Maintain an average daily balance of $3,500 or more for the first 90 days, starting the first business day after account opening. The average daily balance is the sum of the Current Balance at the end of each day for 90 days, from the first business day the account is opened, divided by 90. The full $3,500 does not need to be deposited on day one of account opening in order to be eligible for the cash offer; however, the more days that pass, higher subsequent deposits are needed to meet the average daily balance requirement. (For example, if your balance was $500 for the first 10 days, you would need a $3,875 balance for the remaining 80 days to be eligible for bonus.)

Your Promotion Code must be entered at new account opening to be eligible for this offer. You will receive a $450 cash bonus in your new Santander business checking account within 30 days of meeting all offer requirements. We will report the $450 bonus to the IRS as interest for the year in which it is received. 

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. (offer shows up in ads, so I doubt it is targeted)
  • 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.
  • One $450 cash bonus per business entity as identified by Taxpayer Identification Number (TIN).
  • Offer available in CT, DE, FL, MA, NH, NJ, NY, PA, RI

Fees

The best option is the Business Checking account which comes with a $15 monthly fee. You can waive the fee with these 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

The Santander business checking account must be open and in good standing to receive the $450 cash bonus at the time of bonus payment.

Guru’s Wrap-up

A good offer for new business checking accounts. You need to open an account by the end of September and maintain a balance of $3,500 or more for the first 90 days. The offer showed up while I was looking at some different bonuses here on the site, so it should ne available for everyone who is in the the eligible states.

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. Bank bonuses are a great way to generate some extra income, so it is worth looking into them. You can can definitely bring a few thousands of dollars annually, and you can easily complete most requirements from the comfort of your home.


Offer Details

  • OFFER PAGE
  • Promo Code: BUS450Q421
  • Account Type: Business Checking (best option)
  • Availability: CT, DE, FL, MA, NH, NJ, NY, PA, RI
  • 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: Must keep open to receive bonus
  • Expiration Date: 9/30/2021 12/31/2021

Found a great Bank Offer? Share it with us, so we can share it with our readers!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.