Business Checking Plus

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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Business Checking Plus Monthly Fee

Your $50 Monthly Fee is waived if you do any of the following within the service fee period1:

  • • Maintain $40,000 average daily balance in the checking account OR
  • • Maintain $60,000 in combined business deposit account balances with same ownership5 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 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.

How Business Checking Plus Compares

Whatever you need, we’ve got a checking account that makes sense for your business. Plus, every account offers the added convenience of Online and Mobile Banking and a 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 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 25% off first check order First Check order Free - Up to $100 in value
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Account Benefits

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

750 transactions included each month.

$100 in savings on your first order of business checks

No fee on cash deposit processing up to $40,000 each service fee period2

Additional Accounts

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 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.

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.

5The amount of cash deposit processing included in your account is up to $10,000 per service fee period. Once your total deposit exceeds $10,000 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.

Santander Bank, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. ©  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.