Santander Bank Bonuses: $400 Checking Promotions (Many States)

Take advantage of the latest Santander Bank bonuses, promotions, and offers here.

Update 1/31/25: The $400 checking bonus has been extended through 6/30/25.

Santander Bank Bonuses Review

With Santander Bank, they’re headquartered in Wilmington, Delaware and was established in 1907. Since then they have grown to 628 locations, they offer money market rates that are 4X the national average, and have an A health rating.

I’ll review the current Santander Bank bonuses below.

Santander Bank $400 Checking Bonus

Earn a $400 bonus from Santander Bank when you open a new checking account.

• What you’ll get: $400 Bonus
• Eligible account: Checking Account
• Where it’s available: NH, FL, MA, RI, CT, DE, NY, NJ, PA
• Direct Deposit Required: Yes
• Monthly Fee: $0-$25; waivable
• How to earn it:
  • Get $400 when you open a new Santander Select® Checking, Simply Right® Checking, or Santander® Private Client Checking account ($25 minimum opening deposit on all).
  • Have direct deposits totaling $5,000 or more in your account within the first 90 days.
  • Once you’ve completed the requirements and your account has been open for 90 days, your bonus will be paid within 30 days.

(Expires 06/30/2025)

Fine Print

• Get $400 when you open a new Santander Select® Checking, Simply Right® Checking, or Santander® Private Client Checking account ($25 minimum opening deposit on all) by 6/30/2025 and have direct deposits totaling $5,000 or more post to this account within the first 90 days.
• The 90 day period begins the day of account opening, unless the account is opened on a weekend or holiday, in which case the period begins on the first business day after account opening.
• Offer is transferable until redeemed by the addressee and we reserve the right, in our sole discretion, to limit the number of times this Promotion Code may be used.
• 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.
• Offer cannot be combined with any other bonus offer.
• 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 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 the IRS on Form 1099-INT.
• If multiple accounts are opened with the same signer, or maintained with the same ownership as of the date the bonus is payable, only one account will be eligible for the bonus.
• For new checking account customers only.
• Offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, PA, or FL (Florida Eligibility: This offer is only eligible online in ZIP codes within Miami Dade, Monroe, and Broward Counties, including ZIP code 34141).
• As of 09/01/2024, the Annual Percentage Yield (APY) for Santander Select® Checking is 0.01%, and Santander® Private Client Checking is 0.03%.
• Rates may change at any time and after the account is opened. Fees may reduce earnings.
• Offer expires 6/30/2025.
• This offer is subject to change at any time.
• Offer is only valid with use of a Promotion Code.
• Promotion of this offer may end at any time.

Santander Bank $500 Business Bonus

Earn a $500 bonus from Santander Bank when your new Business Checking Account and meet all the requirements.

• What you’ll get: $500 Bonus
• Eligible account: Business Checking, Business Checking Plu
• Availability: NH, FL, MA, RI, CT, DE, NY, NJ, PA (Bank Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Required: No
• Monthly Fee: $7.50-$15
• How to earn it:
  • Open a Santander Business Checking Account. Bring your promo code to a branch by 12/31/24. Or use promo code BUS500Q324GEN
  • Maintain an average daily balance of $5,000 for the first 90 days.
  • Enjoy your bonus. Once your account has been opened for 90 days, your bonus will be paid in the next 30 days.

(Expires 12/31/2024)

Fine Print

• To receive the cash bonus: Your business must do all of the following: (i) Open a new Santander Bank, N.A. (“Santander”) Business Checking or new Santander Business Checking Plus account by 12/31/24; and (ii) Maintain an average daily balance of $5,000 or more for the first 90 days to receive a $500 cash bonus.
• The average daily balance calculation begins on the day of account opening, unless the account is opened on a weekend or holiday, in which case the calculation begins on the first business day after account opening.
• The average daily balance is the sum of the current balance at the end of each day for 90 days, divided by 90.
• The full amount does not need to be deposited on day one of account opening in order to be eligible for the cash offer; however, the more days that pass, higher subsequent deposits are needed to meet the average daily balance requirement.
• Additional Eligibility Terms and Conditions: A valid Promotion Code must be entered at new account opening. Offer is transferable until redeemed by the addressee.
• We reserve the right, in our sole discretion, to limit the number of times any Promotion Code may be used or to terminate this promotional offer at any time. Your business is ineligible for this bonus, and the bonus offer is not available, if: (i) Your business currently has, or had in the past 12 months, any business checking account with Santander; or (ii) any owner, officer, or authorized signer of your business (“Owner/Signer”) currently is, or was in the past 12 months, an authorized signer on any Santander business account (“Related Account”); or (iii) your business or any Related Account has received a Santander business account bonus in the past 12 months.
• This offer is limited to one cash bonus per business.
• If multiple business accounts are opened by the same business, or if multiple business accounts (for the same or different businesses) are opened which at any time have one or more of the same Owner/Signers, only one account will be eligible for the bonus.
• Any business shall be ineligible for the bonus, as determined in our sole and absolute discretion, if the business or any Owner/Signer attempts to obtain multiple bonuses or otherwise circumvent the limit of one cash bonus per business.
• We reserve the right to decline to open an account, and to close an account, in our sole and absolute discretion.
• The Santander business checking account must be open and in good standing at the time of bonus payment to receive the cash bonus, which would occur within 30 days of meeting all offer and eligibility requirements.
• You will receive a cash bonus in your new Santander business checking account within 30 days of meeting all offer and eligibility requirements.
• We will report the cash bonus to the IRS as interest income for the year in which it is received.

Santander Bank $550 Business Checking Bonus (Expired)

Earn a $550 bonus from Santander Bank when you open a new Checking Account and meet all the requirements.

• What you’ll get: Up to $550 Bonus
• Eligible account: Santander Checking Account
• Availability: NH, FL, MA, RI, CT, DE, NY, NJ, PA (Bank Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Required: No
• Monthly Fee: $7.50-$15
• How to earn it:
  • To receive a cash bonus:
    • Open a new Santander Business Checking or new Santander Business Checking Plus account by 7/6/2022; and
    • Maintain an average daily balance of:
      • $5,000 or more for the first 90 days to receive a $350 cash bonus, or
      • $10,000 or more for the first 90 days to receive a $450 cash bonus, or
      • $15,000 or more for the first 90 days to receive a $550 cash bonus
  • You will receive a cash bonus in your new Santander business checking account within 30 days of meeting all offer requirements.

(07/06/2022)

Fine Print

• The average daily balance calculation begins on the day of account opening, unless the account is opened on a weekend or holiday, in which case the calculation begins on the first business day after account opening.
• The average daily balance is the sum of the Current Balance at the end of each day for 90 days divided by 90.
• The full amount does not need to be deposited on day one of account opening in order to be eligible for the cash offer; however, the more days that pass, higher subsequent deposits are needed to meet the average daily balance requirement.
• (For example, to be eligible for the $450 offer, if your balance was $5,000 for the first 10 days, you would need a $10,625 balance for the remaining 80 days.)
• Your Promotion Code must be entered at new account opening to be eligible for this offer.
• Offer is transferable until redeemed by the addressee and we reserve the right, in our sole discretion, to limit the number of times this Promotion Code provided may be used.
• The Santander business checking account must be open and in good standing to receive a cash bonus at the time of bonus payment.
• We reserve the right to decline to open an account in our sole and absolute discretion.
• We will report the cash bonus to the IRS as interest income for the year in which it is received.
• One cash bonus per business entity as identified by Taxpayer Identification Number (TIN).

Santander Bank $500 Checking Bonus (Expired)

Earn a $500 bonus from Santander Bank when you open a new Checking Account and meet all the requirements.

• What you’ll get: $500 Bonus
• Eligible account: Santander Checking Account
• Availability: NH, FL, MA, RI, CT, DE, NY, NJ, PA (Bank Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $0-$25; waivable
• How to earn it:
  • Open a new Santander Select® Checking account by 7/6/22 using the unique promotion code shown on this page after you provide your name and email address.
  • Have direct deposits of $4,000 or more to receive a $300 bonus; $6,000 or more to receive a $400 bonus; $8,000 or more to receive a $500 bonus post to the new account within the first 90 days, starting the first Business Day after account opening.
  • Keep your account open for at least 90 days and open at the time of payment.

(Offer expires July 6, 2022)

Fine Print

• Eligible accounts are Santander ® Private Client Checking, Santander Select® Checking, Simply Right® Checking, or Santander Basic Checking.
• All accounts require $25 minimum opening deposit.
• Offer is transferable until redeemed by the addressee and they reserve the right, in our sole discretion, to limit the number of times this Promotion Code may be used.
• 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.
• Offer cannot be combined with any other bonus offer.
• 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.
• In addition, the account must remain open and in good standing to be bonus eligible.
• Bonus is considered interest and will be reported to the IRS on Form 1099-INT.
• If multiple accounts are opened with the same signer, only one account will be eligible for the bonus.
• For new checking account customers only.
• Rates may change at any time and after the account is opened.
• Fees may reduce earnings.
• Offer expires 7/6/22.
• This offer subject to change at any time.
• Offer is only valid with use of a promotion code.
• Promotion of this offer may end at any time.

Santander Bank $50 Referral Bonus (Expired)

Earn a $50 bonus from Santander Bank when you refer a friend and they open Checking Account and meet all the requirements.

• What you’ll get: $50 Bonus
• Eligible account: Santander Checking Account
• Where it’s available: NH, FL, MA, RI, CT, DE, NY, NJ, PA
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $0-$25; waivable
• How to earn it:
  • Sign up and enter a friend’s or family member’s email address and add a personal message
  • Once your referral opens a qualifying Santander checking account, and meets the requirements, you will receive a $50 digital Visa® Prepaid card
  • Must open within 90 days of being referred
  • Have direct deposits of $250 or more post to the account within 60 days

(Expired)

Fine Print

• Offer cannot be combined with other checking cash bonus offers.
• Limit of one bonus per qualifying account.
• Please allow up to 10-14 days after completion of all requirements of this offer, for delivery of the digital Visa Prepaid Card.
• The $50 digital Visa® Prepaid Card amount received may be reported as income
• Santander will not be liable if the digital Visa® Prepaid Card is lost or stolen after being delivered to the address provided at registration

Santander Bank $1,000 IRA Bonus (Expired)

Earn up to $1,000 when you roll over or fund an eligible Santander Investment Services IRA.

• What you’ll get: $1,000 Bonus
• Eligible account: IRA
• Where it’s available: NH, FL, MA, RI, CT, DE, NY, NJ, PA
• How to earn it:
  • You must complete two steps to qualify for your cash bonus.
    • (1) Open a new or have an existing Individual Retirement Account (IRA) with Santander Investment Services by 05/31/2021. Eligible IRA types include: Rollover IRA, Traditional IRA, Roth IRA, SEP-IRA, or Simple IRA. All annuities, insurance, and Inherited IRA accounts/products are excluded and,
    • (2) Make a net deposit, transfer, and/or rollover that posts to your account by 7/15/21
    • Net qualifying assets posted between 1/4/21 and 7/15/21 must be at least:
      • $50,000 for a $200 bonus
      • $100,000 for a $350 bonus
      • $250,000 for a $700 bonus
      • $500,000 or more for a $1,000 bonus

(Expires May 31, 2021)

Fine Print

• Your net qualifying assets are the total amounts of your deposits and transfers, minus any withdrawals.
• Limit one bonus per customer or custodial beneficiary.
• The bonus may be refused or recovered if it is determined that you violated Santander Investments’ Account Agreement.
• The account is not FDIC insured

How To Waive Monthly Fees

• Santander Select Checking: $25 Monthly Fee, waived with a minimum combined balance of $25,000
• Simply Right Checking: $10 Monthly Fee, waived with one transaction per calendar month.
• Student Value Checking: None
• Santander Basic Checking: $3 Monthly Fee
• Santander Money Market Savings: $10 Monthly Fee, waived with any personal Santander® checking account or with $10,000 average daily balance in the Santander® Money Market Savings account
• Santander Savings: $1 Monthly Fee, waived with any personal Santander checking account or with a $100 average daily balance in the Santander Savings account
• Santander Youth Savings: None
• Basic Business Checking: $7.50
• Business Checking: $15

Conclusion

Overall, if you are a resident in an area with a Santander Bank location, you have the chance to earn cash bonuses ranging up to $1,000 in value. There is a vast array of promotions, and they just require you to open eligible checking accounts and meet certain requirements like using a promo code and maintaining a minimum balance.

If these bank deals interest you, sign up today! Let us know in the comment section below how these bonuses went for you!

While these bank promotions are fantastic, you should also take advantage of our own list of Savings, Money Market, and CD rates.

• Best Savings/Money Market rates
• Best CD Account rates

However, if you do not live in any of the qualifying states, definitely take a look at our bank bonuses list to find other offers. Some of our more popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.

Check back often for more Santander Bank Bonuses, Promotions, or Offers!