Santander Bank Promotions and Offers for 2025
Written by
Cynthia Bowman
Edited by
Melanie Grafil
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Santander Bank may be based in Spain, but it offers promotions for U.S. customers across the East Coast. If you live in one of the states it serves, you could earn a bonus for opening a new account — just be sure to meet the requirements.
Current Santander Bank Promotions: September 2025
You can earn up to $400 by taking advantage of the latest Santander promotions. Here’s a quick rundown:
| Account | Cash Value | Expiration Date |
|---|---|---|
| Santander Bank Simply Right Checking Account | $400 | Dec. 31, 2025 |
Santander Bank Checking Account Promotions
There is currently one bonus promotion running for new Santander Bank customers.
Santander Bank Simply Right® Checking Account: $400 Bonus
To get the $400 bonus, you’ll need to open a new Santander Bank Simply Right personal checking account and have $5,000 worth of direct deposits into the account within the first 90 days. Once this requirement is fulfilled and your account has been open for 90 days, you will receive your $400 bonus within 30 days.
Here are the specifics:
- Bonus value: $400
- Minimum direct deposits total to qualify: $5,000
- Expiration date: Dec. 31, 2025
- How to claim: Open your new Santander Simply Right Checking account by Dec. 31, 2025, and have $5,000 worth of direct deposits in the first 90 days. Keep your account open for at least 90 days.
- When you’ll get it: You’ll receive your $400 bonus within 30 days after your account has been open for 90 days.
- Fee: $10 monthly, but waivable with at least one transaction, such as a deposit, withdrawal or payment
Check out the Santander Bank Simply Right checking account.
Expired Santander Bank Promotions, Coupons and Offers
If you heard about a Santander promotion not listed here, it might have expired. Also, knowing which promotions Santander offered in the past might provide a glimpse into future bonuses.
Santander Bank Referral Program: Up To $500 Bonus
For every friend and family member you referred who also opened a select Santander account, you got free cash in the form of a $50 Visa Prepaid Card. You earned this reward by referring up to 10 people, maxing out at $500 per year.
- Bonus value: Up to $500
- Minimum deposit to qualify: $50 for those being referred, depending on the account.
- How to claim: Sign up for the referral program on Santander’s website and then refer friends or family using their email addresses or by receiving a link you can post to Twitter, Facebook or Messenger. The person you referred must open a qualifying checking account within 90 days of receiving the Santander referral invitation and then make the initial deposit and receive at least $250 in direct deposits in the first 60 days.
- When you got it: You’ll receive the Visa gift card within 14 business days after the referred person completes their requirements.
- Terms and conditions: Each person referred to the bank qualifies one time for the referral bonus. This offer is not available for employees of the bank.
How To Open a Santander Bank Account
You can open a Santander account online or in person, including opening a joint account. To open a bank account online and take advantage of these Santander offers, you’ll need to provide your Social Security number, email address and debit or credit card to fund your account.
If you’re planning to visit a bank branch to open an account, make sure you bring the following:
- Two forms of identification, including one government-issued photo ID and an additional form of ID to confirm your identity, such as an ATM or debit card, credit card, utility bill or birth certificate
- Social Security Number or Individual Tax Reporting Number if you have one
- Valid address and phone number
- Method to fund the account, such as a bank account number and routing number
Comparing Santander Bank Offers to Competitor Promotions
Santander’s $400 bonus is an attractive cash value, though you’ll find many competitor banks offering similar amounts.
- Chase: Offering a $300 bonus when you open a Total Checking Account if you receive direct deposits totaling at least $500 in the first 90 days.
- Wells Fargo: Provides a $325 bonus on the Everyday Checking account. You must receive direct deposits totaling at least $1,000 in the first 90 days.
Santander’s offering is a bit higher, making it a great choice as long as you meet the direct deposit requirement. The monthly maintenance fee is easy to waive as long as you have at least one transaction, which highlights another great value of the account beyond the bonus.
Is It Time To Switch To Santander?
Promotional offers and bonuses are a great incentive, but they shouldn’t be the only factor to consider when choosing a bank. Make sure the financial institution you are considering offers the products and services you need to meet your financial goals.
If Santander passes that test, it might be worth the switch, netting you an enticing cash bonus.
Santander Bank Promotions FAQ
Here are the answers to some of the most frequently asked questions about Santander Bank promotions, offers and bonuses.- Who is eligible for Santander Bank’s checking account bonuses?
- To receive a Santander Bank checking account bonus, you would need to open an account as a new customer. You must then meet all of the requirements, such as maintaining a minimum balance or having direct deposits to the account.
- How long does it take to receive my Santander Bank bonus?
- Typically, Santander Bank promotions will be paid 30 days after meeting all requirements. You should also strive to keep your account open — at least 90 days, depending on the terms — to remain eligible.
- Does Santander Bank charge any fees on these accounts?
- Santander Bank may charge monthly maintenance fees, though many of these can be waived by completing certain actions, such as maintaining the required minimum balance or having regular direct deposits.
- Can I close my account after getting the bonus?
- You usually can close your Santander Bank account after you've received the bonus, though if you close it too soon, the bank may deem you ineligible to receive the bonus. You should aim to keep your account in good standing for the required duration.
More About Santander Bank
Terence Loose contributed to the reporting for this article.
Data is accurate as of Aug. 25, 2025, and is subject to change.
Chase Total Checking has a monthly fee of $12 or $0 with one of the following, each monthly statement period: Electronic deposits made into this account totaling $500 or more, such as payments from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment or FedNowSM network, (iii) third party services that facilitate payments to your debit card using the Visa® or Mastercard® network, OR a balance at the beginning of each day of $1,500 or more in this account, OR an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balances.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
This article has been updated with additional reporting since its original publication.
