$250 Bonus with New Business Checking Account at Santander Bank
Santander Bank has a $250 business checking account bonus available. The offer is limited to some states only, since you need to go into a branch to open the account.
The Offer
Get a $250 bonus from Santander Bank when you:
- Open a new Business Checking or new Business Checking Plus account between 10/1/18 and 12/31/18
- Use promo code BIZ25ON128
- Keep it open for 90 days
- Maintain an average daily ledger balance of $1,000 or more for the first 90 days after account opening.
The business checking account must be open and not have a negative balance to receive the $250 cash bonus at the time of fulfillment. You will receive a $250 cash bonus in your new Santander checking account within 30 days of meeting all offer requirements.
The $250 bonus will be reported to the IRS as interest for the year in which it is received.
Key Terms
- Must be a business with revenues up to but not exceeding $3,000,000
- Business must not currently have nor have had any business checking account with Santander Bank, N.A. (“Santander Bank”) in the last 12 months
- One $250 cash bonus per business entity as identified by Taxpayer Identification Number (TIN).
- Offer is available in-branch only (located in NH, MA, RI, CT, DE, NY, NJ, PA)
- Offer expires on 12/31/18.
Account Fees
The best option is the Business Checking account which comes with a $15 monthly fee. It can be waived with one of the following 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
Conclusion
The bonus actually comes in two parts. You get $250 for a new business checking account and another $250 on Clover Hardware solutions. The second part it probably not worth it for most readers.
This $250 checking bonus is as easy as it gets. All you need to do is open the account with the promo code provided and keep a balance of at least $1,000 for 90 days. You can also avoid monthly fees with just three debit card purchases.
The main issue is that you need to go into a branch to open it, so it will only work for those who have one nearby.
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