1 To receive a $500 cash bonus, your business must do all of the following: (i) Open a new Santander Business Checking or new Santander Business Checking Plus account between 01/10/17 and 03/31/17 and keep it open for 90 days, and (ii) maintain an average daily ledger balance of $1,000 or more for the first 90 days after account opening. Offer is transferable until redeemed by the addressee in the corresponding letter, and we reserve the right, in our sole discretion, to limit the number of times this Promotion Code may be used. Your Promotion Code must be entered at new account opening to be eligible for this offer. The business checking account must be open and not have a negative balance to receive the $500 cash bonus at the time of fulfillment. You will receive a $500 cash bonus in your new Santander business checking account within 30 days of meeting all offer requirements. We reserve the right to decline to open an account in our sole and absolute discretion. We report the $500 bonus to the IRS as interest for the year in which it is received. One $500 cash bonus per business entity as identified by Taxpayer Identification Number (TIN) and Promotion Code displayed on the corresponding letter.
2 A payment received from Santander Merchant Services during the statement cycle to a Santander Business Checking or Santander Business Checking Plus account will waive the Monthly Fee for that checking account. For other ways to avoid the Monthly Fee, refer to the Business Deposit Account Fee Schedule.
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