Santander Bank Bonus, Get $500 with New Checking Account

Santander Bank has a promotion that can earn you up to $500 when you open a new checking account. This Santander Bank bonus is for residents of NH, MA, RI, CT, DE, NY, NJ, FL, or PA and available till April 5, 2022.

Offer

Get your cash bonus when you open a new eligible checking account by 4/5/2022 and within the first 90 days (starting the first Business Day after account opening) have direct deposits of:

$4,000 or more to receive a $300 bonus;
$6,000 or more to receive a $400 bonus;
$8,000 or more to receive a $500 bonus.

Eligible accounts are Santander ® Private Client Checking, Santander Select® Checking, Simply Right® Checking, or Santander Basic Checking. All accounts require $25 minimum opening deposit. 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. Bonus is considered interest and will be reported to the IRS on Form 1099-INT.

Eligibility

Available to residents of NH, MA, RI, CT, DE, NY, NJ, PA, or FL
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

$10 Monthly Fee, waived with one transaction per calendar month.

Basic Checking

$3 monthly fee.

Early Closing Fee

None

Guru’s Wrap-Up

This is a very good bonus from Santander bank, although we recently saw a $600 bonus as well. But this new offer also applies to the Simply Right Checking account which you can easily keep fee-free. To get the bonus you need to open an account with the promo code provided in the promotion page, have direct deposits between $4,000 and $8,000. The maximum amount also gets you the maximum bonus of $500.

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.