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 is our most economical account. Find out why it’s become an essential banking solution for tens of thousands of business owners.
 

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 statement period1:

  • • Maintain $5,000 average daily balance in the checking account OR
  • • Maintain $10,000 in combined business deposit account balances with same ownership5 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.

You have low transaction volumes and want a simple business checking account that supports your daily banking needs.

Your business needs a checking account that can evolve as you grow.

You want the flexibility of multiple ways to waive the Monthly Fee.

How Business Checking Compares

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 Business and Mobile Business Banking and a Santander® Business Debit Mastercard®. Explore your options using this comparison chart.

 

  basic desk and chair
Basic Business Checking
man with dolly in warehouse
Business Checking
man walking out of elevator
Business Checking Plus
Summary Our no frills, lowest-cost business checking option An ideal everyday business checking solution A premium account for businesses seeking the rewards of a larger banking relationship
Best Choice
If You Have
  • Low transaction volumes
  • Low average monthly balances
  • 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
Transactions
Included Per
Month
50*, then $0.60 per transaction 300*, then $0.60 per transaction 750*, then $0.60 per transaction
Monthly Fee $7.50 $15 $50
Ways to
Waive
Monthly Fee
  • Maintain $1,500 average daily checking balance
  • 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 statement period OR
  • Incur $50 or more in cash management service fees within the statement period OR
  • Have 3 or more purchases using a Santander Business Debit Mastercard post into your account within the statement 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 statement period  OR
  • Incur $50 or more in cash management service fees within the statement period
Free
Checks?
25% off first check order 25% off first check order 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:

Enjoy up to 300 basic transactions included with your account, per month.2

No fee on cash deposit processing up to $10,000 each statement period2

Meet Your Business Banking Specialists
Santander's knowledgeable business bankers are ready to help you choose the right banking solutions for your business. Contact us today.

Manager Name

Serving Business with x qualifications


Phone:

1.666.666.6666

Get in touch

Additional Accounts

Discover additional services that may benefit your business.

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, Check Deposit Link items processed, and Santander Check Deposit Link ACH converted transactions.

2Avoid monthly maintenance fees by maintaining the required combined average daily ledger 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 statement 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 statement 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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