Update 4/16/26: The deal has been extended through 9/30/2026.
Update 1/11/26: Extended to 3/31/2026
Update 7/1/25: Extends through 12/31/25
Update 12/30/24: Added to 6/30/2025
Update 10/1/24: Added until 12/31/2024
Update 6/27/24: extended to 9/30/24
Update 3/31/24: Extended to 7/1
Update 2/21/24: Offer is back and valid through 3/31/2024. Hat tip to the reader TOOL
extended until 31.03.2024
Postponed until 31.1.23
Postponed until 28.12.2023
Offer at a glance
- Maximum bonus amount: 400 dollars
- Availability: NH, MA, RI, CT, DE, NY, NJ, PA or FL
- Direct deposit required: Yes, $5,000+
- Additional requirements: See below
- Hard/soft pull: Gentle pull
- ChexSystems: yes
- Credit card financing: ANY
- Monthly fees: $3 – $10 avoidable
- Early account closure fee: $25, 90 days
- Family boundary: None listed
- Expiration date: 10/03/2023
Offers
- Santander is offering a $400 checking bonus when you open a Santander Select checking account and meet the following requirements:
- have $5,000 or more in direct deposits within the first 90 days
Fine Press
- Get $400 when you open a new Santander Select® Checking, Simply Right® Checking, or Santander® Private Client Checking account ($25 minimum deposit for all) by 03/10/2023 and have direct deposits totaling $5,000 or more in this account within the first 90 days.
- The account must be opened at a branch.
- The 90-day period begins on the day the account is opened, unless the account is opened on a weekend or holiday, in which case the period begins on the first business day after the account is opened.
- The offer is transferable until redeemed by the addressee and we reserve the right, at our discretion, to limit the number of times this promotional code can be used. You must be 18 years of age or older.
- The offer is not available if any account holder is a current Santander checking customer or has had a Santander current account in the last 12 months prior to opening the account.
- Offer cannot be combined with any other bonus offer.
- Promotion code must be entered at new account opening to qualify for this offer and cannot be added later to an account or changed unless submitted and applied within 14 days of account opening.
- The account must remain open on an eligible account type until the bonus payment, which will occur within 30 days thereafter.
- Additionally, the account must remain open and in good standing to be eligible for the bonus. The 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 qualify for the bonus.
- For new current account customers only.
- Offer available to residents of NH, MA, RI, CT, DE, NY, NJ, PA or FL only (Florida Eligibility: This offer is only eligible online in ZIP codes within Miami Dade, Monroe and Broward counties, including ZIP code 34141).
- The offer expires on 10.03.2023. This offer may change at any time.
- Offer is only valid with the use of a promotional code. The promotion of this offer may end at any time.
- Qualifying direct deposits include your salary, pension, government benefits (such as Social Security), or other regular monthly income acceptable to you from your employer or the government deposited electronically into your checking account. Direct deposits do not include cashier’s deposits, wire transfers, debit card transfers or deposits, ATMs, online and mobile banking transfers or deposits, person-to-person transfers (such as Zelle® or Venmo), or a merchant payment list that you advance using a debit card.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
- Simply Right has a $10 monthly fee, which is waived with one transaction* – a deposit, withdrawal, transfer or payment – posted during the calendar month.
Early account termination fee
$25 if closed within 90 days
Our verdict
Not as good as last bonus of $500. Although the direct deposit requirement is lower for the $400 level. In any case, a lot of people try to use these santander bonuses, so if you qualify, it’s probably worth getting this bonus as I doubt we’ll see anything better in the short term. We will add this to our list best bank account bonuses. If you have problems with the application try using firefox.
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