$250 Bonus with New Business Checking Account at Santander Bank

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santander bank 250 bonus

$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.

Promotion Page

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.

Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

The responses below are not provided or commissioned by any advertiser or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.

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