Terms and Conditions:

¹ To receive a $450 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 9/30/2021 and keep it open for 90 days; and (ii) Maintain an average daily balance of $3,500 or more for the first 90 days, starting 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, from the first business day the account is opened, divided by 90. We will report the $450 bonus to the IRS as interest for the year in which it is received. 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 full $3,500 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. Promotion of this offer may end at any time.

² A payment from Santander Merchant Services posted into a Santander Business Checking or Santander Business Checking Plus account during the service fee period will waive the Monthly Fee for that checking account. One $450 cash bonus per business entity as identified by Taxpayer Identification Number [TIN]. The Santander business checking account must be open and in good standing to receive the $450 cash bonus at the time of bonus payment. [For example, if your balance was $500 for the first 10 days, you would need a $3,875 balance for the remaining 80 days to be eligible for bonus.] Your Promotion Code must be entered at new account opening to be eligible for this offer. Offer is subject to change at any time. Offer is only valid with use of a promotion code. You will receive a $450 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. For other ways to avoid the Monthly Fee, refer to the Business Deposit Account Fee Schedule.

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