Santander Bank $550 Business Checking Bonus

Earn up to a $550 bonus from Santander Bank when you a new and eligible checking account.

To qualify for the bonus:

• Open a new and eligible checking account by 7/6/2022 with the promotion code BUS550Q222
• Maintain the following levels in the first 90 days of a new business checking account Maintain the following average daily balance levels for the first 90 days of a new business checking account:
  • $5,000 or more for a $350 bonus
  • $10,000 or more for a $450 bonus
  • $15,000 or more for a $550 bonus
• Keep your account open for at least 90 days Keep your account open for at least 90 days and open at the time of the payment.
• Get paid! Once you have met these conditions, and your account has been open for 90 days, your bonus will be paid within 30 days.

Santander Bank $550 Business Checking Bonus

• Account Type: Business Checking
• Availability: NH, MA, RI, CT, DE, NY, NJ, PA, or FL
• Credit Inquiry: Unknown
• Credit Card Funding: Unknown
• Opening Deposit: $100
• Direct Deposit Requirement: No
• Monthly Fee: $30; waive-able
• Household Limit: One per TIN
• Closing Account Fee: None listed

(Offer Expires 07/6/2022)

Fine Print

• To receive a cash bonus, your business must not currently have, nor have had, any business checking account with Santander Bank, N.A. (“Santander”) in the last 12 months, and your business must do all of the following: (i) Open a new Santander Business Checking or new Santander Business Checking Plus account by 7/6/2022; and (ii) Maintain an average daily balance of a) $5,000 or more for the first 90 days to receive a $350 cash bonus, or b) $10,000 or more for the first 90 days to receive a $450 cash bonus, or c) $15,000 or more for the first 90 days to receive a $550 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. (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.
• You will receive a cash bonus in your new Santander business checking account within 30 days of meeting all offer requirements.
• 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).
• Fees may reduce earnings.
• Offer expires 7/6/2022.
• 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.

Bottom Line

Make sure you check out Santander Bank to earn the business checking bonus promotion. Keep in mind that the offer may be extended, modified or discontinued at any time. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you.

We value your feedback and will continue to keep you posted on the latest bank offers nationwide. If you would like to see more, see our list of the latest Santander Bank Promotions or check out our full list of business bank promotions.