Available in select states with the ability to open online, Santander Bank is offering a $400 welcome bonus when you open a new eligible Santander checking account and set up direct deposit.
Keep in mind that you'll need to enter your information (name and email address) on the promo's landing page in order to receive your unique code, which you'll then use on the online application to enroll in the promotion.
A heads up to Florida residents that this promotion is limited to certain zips within Miami-Dade, Monroe, and Broward counties.
How To Earn The Bonus
The Santander Bank Personal Checking promotion requires you to set up eligible direct deposits in order to earn the $400 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Eligible checking accounts include: Santander Select® Checking, Simply Right® Checking, or Santander® Private Client Checking account.
- You must be 18 years or older.
- Offer is not available if any account owner is a current checking customer of Santander or had a Santander checking account in the last 12 months prior to account opening.
- 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.
- The account must remain open and in good standing to be bonus eligible.
Open a Personal Checking account before the bonus expires on December 31, 2024
How does this personal checking offer from Santander Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 14 days
- Requires
- Direct Deposit
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 47 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Why Santander Bank?
Santander Bank is a subsidiary of Santander Group – a Spanish financial services company.
The Spanish mother company was founded in 1857, making it over 160 years old. In the US, however, Santander Bank was previously called Sovereign Bank, founded in 1902.
Santander Bank is based in Boston, and they service the Northeast and Florida with 650 retail banking locations and more than 2,000 ATMs. Its current deposits amount to $57.5 billion.
Learn more in our Santander Bank review
Santander Select® Checking
Fees
Santander Select® Checking does charge a monthly maintenance fee of $25, but there are ways to get this waived:
- Maintain a combined balance of $25,000 in bank deposits and eligible investments held with Santander Investment Services.
Simply Right® Checking
Fees
Simply Right® Checking does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- 1 transaction per service fee period,
- OR be 25 years old or younger
Apply now for a Personal Checking account to earn the $400 bonus offer
Share Your Thoughts or Questions
There have been 5 comments about the Santander Bank Personal Checking $400 Bonus.
Jon Snow
November 13, 2023The terms of the promotion also state that “Simply Right Checking” also qualifies, which has a much easier way to avoid the monthly maintenance fee.
ReplyReply to Jon Snow
Klaus Pohlmann
November 6, 2023Santander bank has some steep requirements to avoid the $25/mo maintenance fee, but the bonus was a breeze. Just direct deposit $5000 within 90 days. I think i had to open a savings account simultaneously but it only required a $25 deposit. HOWEVER, to avoid the $25 monthly maintenance fee, you have to keep $25,000 in the account! Luckily, they waive the first three months of fees!! Woohoo! Keep it open for 4 months if you don’t want to lose your bonus!
ReplyReply to Klaus Pohlmann
Jon Snow
November 16, 2023 Replying to Klaus PohlmannAfter you get the bonus, you can downgrade your account from Select Checking to Simply Right Checking.
ReplyReply to Jon Snow
Add to the discussion