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Business Checking Plus

Expect more from your banking relationship. Our full-feature bank account, Business Checking Plus, is for our valued and larger small business customers who deserve the kind of flexibility that adjusts to the way they do business.

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Account Details Business Checking Plus Advantages
Best for Larger businesses with higher transaction volumes looking for responsive and flexible banking relationships.
Monthly Fee $50

Ways to Waive Monthly Fee1

  • $40,000 checking account balance, or
  • $60,000 combined business deposit balances, or
  • Receive one or more Santander Merchant Services payments deposited into the account, or
  • Receive $50 or more in Account Analysis service fees
Number of Free Transactions2
(per month)
Up to 750 basic transactions
then
$0.60 each
Amount of Free Cash Deposit Processing
(per month)
Up to $40,000
then
Express Cash Pack® service: $0.22 per $100
All other: $0.27 per $100

 

Small Business Deposit Account Comparison

When you run a business, you consider the options before making decisions. That's why we've created everything from simple to comprehensive bank accounts that provide the tools and services you need to take your company to the next stage of growth. The chart below is an overview. More detailed information can be found in the Business Deposit Fee Schedule at account opening.

 

 
Basic Business
Checking
Business
Checking
Business
Checking Plus
Business
Interest Checking
Business Money
Market Savings
Best for Businesses, associations and clubs with lower transaction volumes. A low-cost business checking alternative Businesses with moderate transaction volumes. Everything you need for everyday banking Larger businesses with higher transaction volumes looking for responsive and flexible banking relationships Businesses that seek returns on business checking balances Businesses that seek to save cash and earn competitive interest on larger balances
Monthly Fee $7.50 $15.00 $50.00 $15.00 $10.00
Ways to Waive Monthly Fee
  • $1,500 average
    daily checking
    account balance
  • $5,000 average
    daily checking
    account balance, or
  • $10,000 combined
    business deposit
    balances, or
  • Receive one or more Santander Merchant Services payments deposited into the account, or
  • Receive $50 or more in Account Analysis service fees, or
  • Make three debit card purchases with your Santander® Business Debit MasterCard®
  • $40,000 average daily checking account balance, or
  • $60,000 combined business deposit balances, or
  • Receive one or more Santander Merchant Services payments deposited into the account, or
  • Receive $50 or more in Account Analysis service fees
  • $7,500 average daily checking account balance, or
  • $15,000 combined business deposit balances
  • Have a business checking account with the same ownership, or
  • $1,000 minimum daily ledger balance
Number of Free Basic Transactions
(per month)
Up to 50
then
$0.60 each
Up to 300
then
$0.60 each
Up to 750
then
$0.60 each
Up to 150
then
$0.60 each
  • Up to 6 free basic transactions per month
  • Number of transactions is limited by Federal Banking regulations for money market savings accounts3
Amount of Free Cash Deposit Processing
(per month)
Up to $7,500
then
Express Cash Pack® service:
$0.22 per $100
All other:
$0.27 per $100
Up to $10,000
then
Express Cash Pack® service:
$0.22 per $100
All other:
$0.27 per $100
Up to $40,000
then
Express Cash Pack® service:
$0.22 per $100
All other:
$0.27 per $100
Express Cash Pack® service:
$0.22 per $100 for deposits greater than $500
All other:
$0.22 per $100 for deposits $500 or less, or $0.27 per $100 for deposits greater than $500
Express Cash Pack® service:
$0.22 per $100
All other:
$0.27 per $100

Business Premier Package

Business Checking Plus is ideally suited to businesses with higher transaction volume. An excellent standalone account, it offers even more benefits as part of our Business Premier package, which also includes a Money Market Deposit Account, Business Online Banking, and an associated Business Debit Card. See more details on each feature below.

Related Products

Santander offers many other valuable products and services designed to help you run your business by saving you time and maximizing your cash flow.

 

 

Time-Saving Features and Money-Saving Services
Onsite Check Deposit
  • Deposit checks easily and securely from your business location
  • Receive a complimentary desktop check scanner9

Learn More

Online Wire Transfers
  • Quickly, reliably, and securely disburse funds, and send payments domestically the same day
  • Initiate wire transfers via Business Online Banking at a lower cost than in branch fee

Learn More

Online ACH
  • Quickly, reliably, and securely disburse funds and make recurring payments domestically
  • Initiate ACH payments via Business Online Banking with Bill Pay

Learn More

Merchant Services
  • Accept credit cards, debit cards, and branded gift cards
  • Process checks
  • Increase cash flow, and satisfy your customers with convenient and safe purchase solutions
  • Use our industry-leading technology and your smart phone or tablet to accept payments from customers

Learn More

Payroll Services
  • Save time and money with simple and efficient payroll solutions
  • Reduce the time you spend on payroll and compliance
  • Rest assured that your services are provided by ADP, a recognized leader in payroll and payroll taxes

Learn More

Small Business Credit Options

Grow your business knowing Santander Bank has credit products7 that could help your business purchase or upgrade business facilities, lease business equipment, expand your inventory, improve cash flow, or consolidate debt, including:

  • Commercial equipment and vehicle financing
  • Commercial real estate mortgages
  • Business lines of credit
  • Business term loans
  • Business overdraft protection lines of credit

Learn More

1Santander business checking accounts avoid monthly fees by maintaining the indicated amount in average daily balance(s) or completing any indicated activities required for fee waiver during the statement period. 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 may differ from your account statement period.

2Basic transactions include checks paid, teller deposits, ATM deposits, deposited items, and ACH items (electronic debits and credits not originated by customer, Onsite Check Deposit batch deposits, Onsite Check Deposit items processed, and Onsite Check Deposit ACH converted transactions). Santander Merchant Services (credit and debit card payment processing), Santander Payroll & HR Services, and ACH debit items are not included.

3Federal regulations limit the number of transactions. You may not make more than a maximum of six transfers and withdrawals from your savings or money market savings account to another account of yours or to a third party such as a merchant by means of preauthorized or automatic transfer, by telephone, computer or check or by POS purchase during a service fee period. We charge a fee of $15 for each transaction in excess of these limits. If you repeatedly exceed these limits, we may close your account or convert it to another type of account. We also charge a $12 overdraft protection transfer fee. Funds will be automatically transferred to cover overdrafts at the end of the day as long as your available balance is sufficient to cover the total overdrawn amount and associated fees at the end of the day.

4Certain conditions apply. You must promptly notify Santander Bank of any unauthorized transactions. Does not apply to any transaction made using your PIN. Please see the Business Deposit Account Agreement for additional details. 

5Certain restrictions apply. For full details, see the Guide to Benefits insert that will be sent with your new card or visit mastercard. com for more details. Keep all receipts to properly review your claim.

6MasterCard Easy Savings Program Cardholder Terms and Conditions: Payment must be made in full at a participating merchant location with your Santander Business Debit MasterCard. Purchases do not qualify for the program if the purchase transaction is a PIN-based transaction, originated outside of the U.S. or was not processed through the MasterCard U.S. transaction processing system. Other terms and conditions apply. For more information, visit easysavings.com.

7Financing is available to qualified business applicants only. All terms and offers are subject to the underwriting and credit rules, guidelines, policies, and criteria of Santander Bank, which are determined by Santander Bank in its sole discretion and are subject to change at any time without prior notice. For approved small business applicants having annual revenue up to $3 million, on a new small business line of credit or new business term loan between $10,000 and $500,000 or on a new small business commercial real estate mortgage loan between $25,000 and $1,000,000: (a) 0.5% electronic payment (E-Pay) discount is available if your business has, or opens at time of line or loan closing, a Santander business checking account, and has or signs up to have implemented automatic pre-authorized internal payment transfers (E-Pay) from that Santander business checking account as payments for the closed line of credit, term loan, or mortgage to be automatically deducted from that account; and (b) a 0.5% relationship rate discount is available if your business either (i) has or opens at time of closing a Santander Bank Business Checking Plus account, or (ii) has in your Santander business checking account(s) at the time of the application, a specific minimum balance, which required minimum balance is determined by Santander Bank in its sole discretion and is subject to change at any time at the sole discretion of Santander Bank. Rate discounts are not available retroactively, or to previously-existing or currently-existing credit transactions, and are at all times subject to the terms and conditions of the loan documents. Rate discounts are not available on business lines of credit, term loans, or commercial mortgages that require a guarantee from the U.S. Small Business Administration ("SBA"). Additional fees, terms, and conditions may apply. Please see your local branch representative for details.

8For approved small business applicants having annual revenue up to $3 million, Santander Bank will waive the one-time up-front origination fee of $250 on a new small business line of credit if the customer either has or opens at time of loan closing, a Santander Business Checking or Business Checking Plus account, and waiver availability and criteria is subject to change at any time at the sole discretion of Santander Bank. This fee waiver is not applicable to approved business lines of credit that require the guarantee from the U.S. Small Business Administration ("SBA"). Additional fees, terms, and conditions may apply. Please see your local branch representative for details.

9Customers will receive the Epson Capture One single Document Scanner (retail value $299). Available to customers with an eligible Santander business checking account. Limit one free scanner per customer. Additional scanners are available at a cost. Other fees may apply. Should the Onsite Check Deposit service be terminated before a full calendar year is up, a $300 cancellation fee will be incurred.

Santander Bank, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. ©2016 Santander Bank, N.A. All rights reserved. Santander, Santander Bank and the Flame Logo are registered trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. The MasterCard Brand Mark is a registered trademark of MasterCard International Incorporated. Quicken and QuickBooks, are trademarks of Intuit Inc., or one of its subsidiaries, in the United States and other countries. All other trademarks are the property of their respective owners.