Santander Bank will give you a $225 bonus when you open a new personal checking account and have direct deposits totaling $1,000 or more post within the first 90 days after account opening.
Plus, both new and current Santander Bank checking customers can participate in the Santander Refer A Friend Program to both receive a $50 Visa Reward Card (T&Cs indicate both offers cannot be combined).
Santander Bank is only available to residents in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island.
How To Earn a $225 Santander Bank Checking Bonus
1. Open a new checking account with these minimum opening deposit requirements: Simply Right Checking ($25), Santander Basic Checking ($25), and Santander Premier Plus Checking ($50).
2. Set up direct deposits totaling $1,000 or more within the first 90 days, starting the first business day after account opening.
3. Maintain your account for at least 90 days, and it must be open at the time of bonus payment.
4. Your $225 bonus will be paid within 30 days after you meet these conditions.
Just visit this Santander Bank $225 Promotional Link to open your new checking account online today.
Alternatively, you can request a coupon to be sent via email, and you can then present the coupon in person when opening your new checking account at a Santander Bank branch.
Santander Bank Promotional Terms
- You must be 18 years or older.
- Offer is not available if any account owner is a current deposit customer of Santander or had a Santander deposit account in the last 12 months prior to account opening.
- Offer cannot be combined with any other bonus offer.
- The account needs to be open for at least 90 days and remain open in an eligible account type until payment of bonus, which will occur within 30 days thereafter.
- In addition, the account must remain open and in good standing to be bonus eligible.
- Bonus is considered interest and will be reported to IRS on Form 1099-INT.
- If multiple accounts are opened with the same signer, only 1 account will be eligible for the bonus.
- Direct deposits include deposits made by your employer or a federal or state government agency or retirement benefits administrator and generally payments made by corporations or other organizations.
- Direct deposits do not include deposits to your Account that are made by an individual using online banking or an Internet payment provider such as PayPal.
Santander Bank Checking Account Options for Promotion
- $25 opening deposit requirement.
- $3 fixed Monthly Fee.
- No minimum balance requirements.
- Unlimited check writing.
Simply Right Checking
- $25 opening deposit requirement.
- $10 Monthly Fee is waived when you make any financial transaction that posts during the calendar month. Includes deposits, withdrawals, transfers, or payments. Excludes fees, rebates, or adjustments posted by Santander.
- No minimum balance requirements to avoid the Monthly Fee.
- Easy account access at thousands of ATMs, including many CVS locations.
- Convenient mobile tools to manage your account at home or on the go.
Premier Plus Checking
- $50 opening deposit requirement.
- Personal attention from a dedicated banker for everyday banking needs.
- Tools and personalized guidance to manage all your finances.
- Exclusive rates on deposits, discounts on loans, priority customer service and many no-fee features.
- No charge to use other banks’ domestic ATMs.
- Waive the $35 Monthly Fee with $6,000 in total direct deposits or $75,000 in combined balances in deposits and investments held with Santander Investment Services during the service fee period.
The Student checking accounts are not eligible for this promotion.
Santander Bank Refer A Friend $50 Rewards
When a current Santander Bank checking customer refers a new customer who opens a Simply Right Checking, Santander Basic Checking, Student Value Checking, or Santander Premier Plus Checking account with Santander Bank, you will both receive a $50 Visa Reward Card after meeting the qualifications.
How To Qualify for New Santander Client $50 Bonus
1. Visit this $50 Promotional Link to receive your unique Santander Bank Referral Code that you’ll need to enter when you open your new Santander checking account.
2. Open a new Simply Right Checking ($25 minimum opening deposit), Santander Basic Checking ($25 minimum opening deposit), Student Value Checking ($10 minimum opening deposit), or Santander Premier Plus Checking ($50 minimum opening deposit) online and enter your unique promotional code during account opening.
3. Complete the following requirements within 60 days after account opening:
- Have 1 or more direct deposits totaling at least $250, AND
- Keep the account open for at least 60 days.
4. The $50 Visa Reward Card will be mailed to the addresses provided at registration within 4 to 6 weeks of meeting the requirements.
Please note that current Santander Bank checking customers or individuals that had a checking account with Santander in the previous 12 months are not eligible for this offer.
The referred person may only receive 1 $50 Visa Reward Card for opening an eligible account and completing the qualifications, but may also be eligible as a referrer after becoming a Santander customer.
If you choose to apply in-person at your local Santander Bank branch, you must provide the unique promotional code to your Personal Banking Representative prior to account opening.
Participating in the Santander Bank Refer-A-Friend Program is a great way to get a Santander Student Checking Account Bonus if you are a student ages 16 to 25, so that you can enjoy no minimum deposit requirements and no monthly banking fees.
How To Refer Friends to Santander Bank
1. Visit this Santander Referral Page and complete the form to access your referral link and sharing options.
2. Provide a valid email address for yourself and for the friends or family members you are referring (you’ll be provided with a unique referral link once you complete the email referral form).
3. Once your friend or family member registers, opens a new Santander checking account, AND completes the requirements within 60 days after account opening, you will BOTH receive a $50 VISA Reward Card.
The referred person must open a new Simply Right Checking ($25 minimum opening deposit), Santander Basic Checking ($25 minimum opening deposit), Student Value Checking ($10 minimum opening deposit), or Santander Premier Plus Checking ($50 minimum opening deposit) within 90 days of receiving a Santander Refer-a-Friend invitation, and meet the program requirements within 60 days of opening the new account, which requires having 1 or more direct deposits totaling at least $250 and keeping the new account open for at least 60 days.
A referrer may receive up to 10 Reward Cards ($500 value) within a calendar year for eligible referrals made during that same calendar year.
Take advantage of these Santander Bank promotional offers to get a $225 bonus when you open a new personal checking account and $50 bonuses for referring new customers to Santander Bank.
Check out this Santander Bank Business Checking Promotion as well if you are interested in opening a new business account.