Available in select states with the ability to open online, Santander Bank is offering up to a $600 welcome bonus when you open a new Santander Select® checking account and set up direct deposit. This is a tiered bonus paying $400 to meet the direct deposit requirements and $200 for an optional daily balance requirement.
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. Fortunately, the fine print says that outside of these counties, "the offer is not available for redemption online", so you may still have luck in-branch.
How To Earn The Bonus
The Santander Bank Santander Select® Checking promotion requires you to set up direct deposits, and optionally, deposit and maintain a minimum balance in order to earn the up to $600 bonus.
Full requirements to receive this bonus are:
- Open a new Santander Select® Checking account using the link below.
- Within 90 days, make direct deposits totaling $6,000 or more.
- Keep your account open for at least 90 days to receive $400.
- Get an additional $200 bonus if you maintain a $6,500 minimum daily balance for the first 90 days.
- Bonus will be paid within 30 days of the initial 90 day period.
The fine print
- 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.
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:
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 fee of $25, but there are ways to get this waived:
- Maintain a combined balance of $150,000 in bank deposits and eligible investments held with Santander Investment Services.
Santander Bank Locations
You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.
Santander Bank has a total of 483 branches in the United States.
Get a better idea of how well Santander Bank can serve you by checking out their branches closest to your area:
102 Rogers Street
Gloucester, MA 01930
81 Water Street
Staten Island, NY 10304
215 Atlantic Ave
Brooklyn, NY 11201
1822 Massachusetts Avenue
Lexington, MA 02420
1 Union Square
Elizabeth, NJ 07201
223 Main Street
Nashua, NH 03060
5 Billerica Rd
Chelmsford, MA 01824
300 Andover Street
Peabody, MA 01960
340 Main Street
Haverhill, MA 01830
75-101 Federal Street
Boston, MA 02110
115 Asylum St
Hartford, CT 06103
150 Bridge Street
Pelham, NH 03076