Santander Bank Bonus, Get Up to $550 with New Business Checking (Select States)

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Santander Bank Bonus, Get Up to $550 with New Business Checking

Santander Bank has a new business checking account bonus available. You have to open it in branch it looks like, but for $550 it’s 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.

Offer

To receive a 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 BUS550Q222 by 7/6/2022 and keep it open for 90 days
• Your bonus depends on the average daily balance for the first 90 days, starting the first business day after account opening

  • $5,000 or more for a $350 bonus

  • $10,000 or more for a $450 bonus

  • $15,000 or more for a $550 bonus

Your Promotion Code must be entered at new account opening to be eligible for this offer. You will receive the cash bonus in your new Santander business checking account within 30 days of meeting all offer requirements. Santander will report the 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

The previous offer only had the mid tier that required a $10,000 balance for a $450 bonus. Now you have two more options. You can keep a $5,000 balance to earn a $350 bonus, or $15,000 balance for a $550 bonus. You need to maintain that balance for 90 days. This is a very good offer if you have the money and can keep it in the account for three months.

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: BUS550Q222
• 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 $10K 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 12/31/21 7/6/22

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