Open a Flexible Business Checking Account | Santander Bank

Open a Flexible Business Checking Account | Santander Bank - Santander

Business Checking Plus from Santander rewards your business with plenty of valuable money-saving features, including giving businesses with high transaction volumes multiple ways to waive the Monthly Fee. Check out for yourself why it’s one of the best business checking accounts we offer.

Useful Links and Documents
Business Deposit Account Fee Schedule
Business Deposit Account Agreement

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Your $50 Monthly Fee is waived if you do any of the following within the service fee period²:

• Maintain $40,000 average daily balance in the checking account OR
• Maintain $60,000 in combined business deposit account balances with same ownership² OR
• Receive one or more Santander Merchant Services payments in your account³ OR
• Incur $50 or more in cash management service fees⁴.

These guidelines can help you determine whether opening a Business Checking Plus account is the right fit for you.

750 basic transactions included each service fee period¹.

Your business checking account has high activity and transaction volumes.

Your business needs multiple ways to process payments.

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

Business Checking

Business Checking Plus

Summary

An ideal everyday business checking solution

A premium account for businesses seeking the rewards of a larger banking relationship

Best Choice If You Hvae

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

Basic Transactions¹ Included Per Service Fee Period

300, then $0.60 per transaction

750, then $0.60 per transaction

Monthly Fee

$15

$50

Ways to Waive Monthly Fee

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

Free Checks?

25% off first check order

First Check order Free - Up to $100 in value

The flexible Business Checking Plus account offers many features that make your banking more cost effective:

750 basic transactions included each service fee period.¹

$100 in savings on your first order of business checks

No fee on cash deposit processing up to $40,000 each service fee period⁵

Discover additional services that may benefit your business.

Lending Options

We make it easy to borrow the funds you need to fuel your growth.

Learn More

Merchant Services

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

Learn More

Santander^® Check Deposit Link

Skip the bank visit by depositing checks from your place of business.

Learn More

¹ Basic 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.

² Avoid 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.

³ A 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.

⁴ Cash 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.

⁵ The amount of cash deposit processing included in your account is up to $40,000 per service fee period. Once your total deposit exceeds $40,000 there is a $0.27 charge per $100 of deposits, unless Express Cash Pack^® service is used then the charge is $0.22 per $100 of deposits.

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