Santander used to have a great offer with their extra20 Checking and extra20 Savings account. You just needed a direct deposit of $1,500 or more and 2 billpays per month to earn $20 monthly which was deposited into you savings account. Most people have automated these transactions. I have $1500 going back and forth from Alliant to Santander and two monthly payments to one of my credit cards.
Back in November 2015 they stopped accepting new applications for the account. Now they will end it for existing customers as well. The final extra20 bonus payment will be the bonus for the statement ending in June. July 1 they will be switching the extra20 Checking to Simply Right Checking and extra20 Savings to Santander Savings. Account numbers will not change.
I opened two accounts back in 2014, so I’ll have about $800 in total by the time it’s all over. Sad to see this one go.
They do have a $150 checking bonus offer going on, if you don;t have an account with them.
