We get it – nobody
likes paying fees.

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How to avoid paying fees.

Luckily, having them waived or avoiding them altogether may be easier than you think. Because we respect you and your business, we want to be as transparent as possible about how you can avoid paying fees. Use this sheet as a quick reference guide, and, as always, reach out to your Santander relationship manager with any questions.

Business Checking account monthly fee waivers at a glance:

If you have this checking account:

You can have the fee waived by:

Basic Business Checking

  1. Maintaining $1,500 average daily balance in the checking account during the service fee period.

Business Interest Checking

  1. Maintaining $7,500 average daily balance in the checking account during the service fee period  OR
  2. Maintaining $15,000 in combined eligible business deposit account balances with the same owner during the service fee period

Business Checking

  1. Maintaining $5,000 average daily average daily balance in the checking account during the service fee period OR
  2. Maintaining $10,000 in combined eligible business deposit balances with the same owner during the service fee period OR
  3. Having 3 or more purchases using a Santander Business Debit Mastercard post into your account within the service fee period.  OR
  4. Having one or more Santander Merchant Services payments deposited into your account within the service fee period OR
  5. Incurring $50 or more in cash management service fees within the service fee period

Business Checking Plus

  1. Maintaining $40,000 average daily balance in the checking account during the service fee period OR
  2. Maintaining $60,000 in combined eligible business deposit balances with the same owner during the service fee period OR
  3. Having one or more Santander Merchant Services payments deposited into your account within the service fee period OR
  4. Incurring $50 or more in cash management service fees within the service fee period
Note: The information above applies only to checking deposit products for small business customers (i.e., Basic Business Checking, Business Interest Checking, Business Checking, and Business Checking Plus). For Business Banking customers with a dedicated relationship manager, please contact your Small Business banker to discuss ways to try and help to minimize fees.

*Available Balance means the amount of your Current Balance that is available for immediate use. Certain pending Items, such as check deposits or withdrawals, that have not yet posted to your Account are not included in your Available Balance. Current Balance means the previous Business Day’s ending balance, plus or minus the full amount of any transaction made during the current Business Day, provided that we have received such transaction.

**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 Check Deposit Link batch deposits, Check Deposit Link items processed, and Check Deposit Link ACH converted transactions.

Santander Bank, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. © 2021 Santander Bank, N.A. All rights reserved. Santander, Santander Bank and the Flame Logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners.

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