
Business Checking | Online Business Checking | Santander Bank - Santander

Business Checking
With helpful tools to help manage cash flow and simplify payments, online business checking capabilities, and multiple ways to waive the Monthly Fee, it’s no wonder that Business Checking continues to be our most economical account.
Useful Links and Documents
Business Deposit Account Fee Schedule
Business Deposit Account Agreement
Business Checking Monthly Fee
Your $15 Monthly Fee is waived if you do any one of the following within the service fee period2:
• Maintain $5,000 average daily balance in the checking account OR• Maintain $10,000 in combined business deposit account balances with same ownership2 OR
• Have 3 or more purchases using a Santander® Business Debit Mastercard® post into your account OR
• Receive one or more Santander Merchant Services payments in your account3 OR
• Incur $50 or more in cash management service fees4.
Is It Right for Your Business?
These guidelines can help you determine whether Business Checking is the right fit for you.



How Business Checking Compares
Whatever you need, we’ve got a checking account that makes sense for your business. Plus, each account offers the added convenience of Business Online Banking and Mobile Banking and a Santander® Business Debit Mastercard®. Explore your options using this comparison chart.


- Low to moderate transaction volumes and monthly balances
- A need for multiple ways to waive your Monthly Fee
- High transaction volumes and multiple checking accounts
- Need for cash management services such as ACH or Wires
- Maintain $5,000 average daily checking balance OR
- $10,000 in combined business deposit balances OR
- Receive one or more Santander Merchant Services payments in your account within the service fee period OR
- Incur $50 or more in cash management service fees within the service fee period OR
- Have 3 or more purchases using a Santander Business Debit Mastercard post into your account within the service fee period
- Maintain $40,000 average daily checking balance OR
- $60,000 in combined business deposit account balances OR
- Receive one or more Santander Merchant Services payments in your account within the service fee period OR
- Incur $50 or more in cash management service fees within the service fee period
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First Check order Free - Up to $100 in value |
Business Checking Account Benefits
Business Checking offers many features that make your banking simpler and cost-effective:


Additional Accounts
Discover additional services that may benefit your business.


Merchant Services
Provide your customers convenient and secure payment methods — in store or online.

Payments and Processing
Tools to help optimize your cash flow and safeguard against fraud.
1Basic transactions include checks paid, teller deposits, ATM deposits, Money Center deposits, deposited Items, and ACH items (electronic debits and credits not originated by customer). Santander Merchant Services (credit and debit card payment processing) and Santander Payroll Services ACH debit items are not included. Business Checking, Business Interest Checking, Basic Business Checking and Business Checking Plus basic transaction limits also include Santander Check Deposit Link batch deposits, Santander Check Deposit Link items processed, and Santander Check Deposit Link ACH converted transactions. Service Fee Period means the period beginning on the day regular service fees, such as monthly fees, are posted to your Account and ends on the day before service fees are next posted to your Account. This may not always be a calendar month.
2Avoid monthly maintenance fees by maintaining the required combined average daily balance in this account plus additional business checking, money market savings (excluding Commercial Money Market Savings), and savings accounts owned by the same business entity. Only balances in these combined accounts owned by the same business entity can be considered when calculating the combined balance.
3A payment from Santander Merchant Services deposited during the service fee period to a Business Checking or Business Checking Plus account will waive the Monthly Fee for that checking account.
4Cash management (account analysis) service fees are charged to your account in the current month for the prior calendar month’s activity and include but are not limited to fees for advanced payments and receivables services, some business online banking services, excess account activity, and cash/coin processing. The period that your Account Analysis statement represents can be different than your deposit account service fee period.
5The amount of cash deposit processing included in your account is up to $10,000 per statement period. Once your total deposit exceeds $10,000 there is a $0.27 charge per $100, unless Express Cash Pack® service is used then the charge is $0.22 per $100 deposit.
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