Santander Bank has a new promotion offer a $225 cash bonus for new deposit customers that satisfy the following conditions:
- Open an eligible new checking account by 3/31/17 with the promo code WINTER225. You must not have or have had a Santander deposit account in the last 12 months.
- Have direct deposits totaling $500 or more within the first 90 days.
- Keep your account open for at least 90 days.
- After you meet these conditions, the $225 bonus will be paid within 30 days. (Your account must still be open with a positive balance at time of bonus payout, so that’s a total of 120 days.)
You should be able to get this offer by visiting SantanderBank.com/winter225 and using promo code WINTER225. If you want to be extra-super-duper-sure, you can register your information here and request an “exclusive coupon” e-mail to be send to you.
There are three eligible checking types: Simply Right Checking, Basic Checking, Premier Plus Checking. Most people will probably choose the Simply Right Checking with $10 monthly fee that can be waived with at least one transaction every calendar month – a deposit, withdrawal, transfer, or payment. The Basic Checking has a fixed $3 monthly fee, but no minimum activity requirements. For both, minimum opening balance is $25 and paperless statements are free (mailed $3 each).
Note the following text regarding direct deposit. Hopefully you can split your paycheck direct deposits easily to multiple accounts.
**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. They do not include deposits to your account that are made by an individual using online banking or an Internet payment provider such as PayPal.
Here’s the rest of the Fine Print:
*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. Cannot be combined with other offers. Eligible new account must be opened between 02/1/2017 – 03/31/2017. In order to receive the bonus, the account must remain open and in the eligible product type at the time of bonus payout. In addition, the account must have a positive balance at the time of bonus payment. Bonus is considered interest and will be reported to IRS on Form 1099-INT. If multiple accounts are opened with the same signer, only one account will be eligible for the bonus.
© MyMoneyBlog.com, 2017.
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