Business Checking Plus Account

Business Checking Plus

An account with more generous transaction allowances at no charge for businesses that can carry higher balances.

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Account features

Business Checking Plus offers many features that make your banking simpler and cost-effective.

Deposit Agreement

Fee Schedule

Basic transactions¹

Enjoy up to 750 basic transactions included with your account per service fee period at no charge.

Discount on checks

$100 in savings on your first order of business checks.

Cash deposit processing

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

Waived Monthly Fees²

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

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

Business Checking Plus account benefits

Flexible

Account features to match your business transaction volume and activity.

Cost-effective

Various ways to waive your Monthly Fee with generous transaction allowances.

Connected

Partnerships to help your business analyze sales data, improve cash management, and more.

See how our business checking options compare

	Business Checking	Business Checking Plus
Summary	An ideal everyday business checking solution	A premium account for larger businesses that can maintain higher balances.
Best if you have	Low-to-moderate transaction volumes and monthly balance A desire for multiple ways to waive your Monthly Fee	High transaction volumes Need for more robust cash management services such as Check Deposit Link
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 Fee²	Maintain $5,000 average daily checking balance, OR $10,000 in combined business deposit balances, OR Have one or more Santander Merchant Services payments deposited into your account within the Service Fee Period, OR Incur $50 or more in cash management service fees within the Service Fee Period, OR Have three 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 Have one or more Santander Merchant Services payments deposited into your account within the Service Fee Period, OR Incur $50 or more in cash management service fees within the Service Fee Period
Checkbook order	25% off first check order	First check order free – up to $100 value
Cash Deposit Processing	No fee up to $10,000, then $0.27 per $100 of deposits	No fee up to $40,000, then $0.27 per $100 of deposits

All the ways we help you bank better

We're here to support your unique small business

Fees explained up front

We're honest about the cost of doing business, the same way you are with your customers. no surprises and no sneaky fine print.

Open communication

Alerts, secure messages, and a dedicated team of small business banking experts to guarantee satisfaction as best we can.

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Educational resources: Accounts

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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 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 and business money market savings (excluding commercial money market savings and certificates of deposit) 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.