Santander Business Checking and Merchant Services put you first.

 

Checking accounts to help you run your business.

Are you a smaller business looking to accommodate moderate transaction volumes or a larger business with higher volume needs? Compare the features and benefits of each to choose the checking account that works for you.

Business Checking Business Checking Plus
Best for businesses with moderate transaction volumes. Best for larger businesses, with higher transaction volumes, seeking flexibility.
$15 Monthly Fee1 $50 Monthly Fee1
Ways to Waive Monthly Fee1
  • $5,000 average daily ledger checking account balance
    -or-
  • $10,000 combined business deposit balances
    -or-
  • Receive one or more Santander Merchant Services payments deposited into the account
    -or-
  • Pay $50 or more in Account Analysis service fees
    -or-
  • Make three debit card purchases with your Santander® Business Debit Mastercard®
Ways to Waive Monthly Fee1
  • $40,000 average daily ledger checking account balance
    -or-
  • $60,000 combined business deposit balances
    -or-
  • Receive one or more Santander Merchant Services payments deposited into the account
    -or-
  • Pay $50 or more in Account Analysis service fees
Up to 300 Free Basic Transactions per month2
then $0.60 each
Up to 750 Free Basic Transactions per month2
then $0.60 each
No fee up to $10,000 Cash Deposit Processing per month then
  • Express Cash Pack® service: $0.22 per $100
  • All other: $0.27 per $100
No fee up to $40,000 Cash Deposit Processing per month then
  • Express Cash Pack® service: $0.22 per $100
  • All other: $0.27 per $100
Business Checking
Best for businesses with moderate transaction volumes.
$15 Monthly Fee1
Ways to Waive Monthly Fee1
  • $5,000 average daily ledger checking account balance
    -or-
  • $10,000 combined business deposit balances
    -or-
  • Receive one or more Santander Merchant Services payments deposited into the account
    -or-
  • Pay $50 or more in Account Analysis service fees
    -or-
  • Make three debit card purchases with your Santander® Business Debit Mastercard®
Up to 300 Free Basic Transactions per month2
then $0.60 each
No fee up to $10,000 Cash Deposit Processing per month then
  • Express Cash Pack® service: $0.22 per $100
  • All other: $0.27 per $100


Business Checking Plus
Best for larger businesses, with higher transaction volumes, seeking flexibility.
$50 Monthly Fee1
Ways to Waive Monthly Fee1
  • $40,000 average daily ledger checking account balance
    -or-
  • $60,000 combined business deposit balances
    -or-
  • Receive one or more Santander Merchant Services payments deposited into the account
    -or-
  • Pay $50 or more in Account Analysis service fees
Up to 750 Free Basic Transactions per month2
then $0.60 each
No fee up to $40,000 Cash Deposit Processing per month then
  • Express Cash Pack® service: $0.22 per $100
  • All other: $0.27 per $100
 

Santander Merchant Services to help you accelerate your business.

Santander Merchant Services powered by First Data offers a suite of solutions that allows you to stay connected by accepting virtually every type of payment—whether it’s in-store, online, or through a mobile device.

Santander Merchant Services, powered by First Data, provides your business with simple, flexible, and cost-effective payment processing solutions.

  • Accept payments in store, online, or via mobile device.
  • Receive next-day funding to your Santander business checking account.3
  • Run your business more efficiently and securely by upgrading your day-to-day payment process with the Clover® product line.

Plus, take advantage of these other great services and benefits:

  • Keep tabs on your cash position and overall performance with Clover InsightsTM—get access to valuable information, including sales trends, business performance, and competitor insights.
  • Waive the Monthly Fee on your business checking account when you open a Merchant Services account—up to $600 in savings!4
 

*To receive a $250 cash bonus, you must be a business with revenues up to but not exceeding $3,000,000, your business must not currently have nor have had any business deposit account with Santander Bank, N.A. (“Santander Bank”) in the last 12 months, and your business must do all of the following: (i) Open a new Business Checking or new Business Checking Plus account between 4/1/17 and 6/30/17 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. The business checking account must be open and not have a negative balance to receive the $250 cash bonus at the time of fulfillment. You will receive a $250 cash bonus in your new Santander checking account within 30 days of meeting all offer requirements. Your promotion code must be entered during new account opening to receive this offer. We reserve the right to decline to open an account in our sole and absolute discretion. We report the $250 bonus to the IRS as interest for the year in which it is received. One $250 cash bonus per business entity as identified by Taxpayer Identification Number (TIN).

**To receive the $500 merchant bonus, your business must not currently have, nor have had, any Santander Merchant Services account in the last 12 months, and your business must do all of the following: (i) Open a new merchant processing account with Santander Merchant Services, powered by First Data, between 04/01/17 and 06/30/17 and keep it open for 90 days; (ii) Link your new Santander Merchant Services processing account to your Santander business checking account; and (iii) Receive 2 or more Santander Merchant Services payments into your Santander business checking account within 90 days. You will receive a $500 bonus in your linked Santander business checking account within 30 days of meeting all offer requirements. One $500 cash incentive per business entity as identified by Taxpayer Identification Number (TIN). Santander Merchant Services are provided by First Data Merchant Services. Certain restrictions apply. Merchant account is subject to credit approval by First Data Merchant Services and requires merchant acceptance of applicable terms and conditions. Additional merchant locations with the same TIN are ineligible for the stated offer. Other fees may apply.

1Avoid monthly account maintenance fees on Santander business checking accounts by maintaining an average daily ledger balance in the account itself or a combined daily average ledger balance in additional business checking accounts, money market savings, and savings accounts—excluding Commercial Money Market Savings, on which an owner is the same as the primary owner on this account. Only balances in these combined same-owner business deposit accounts can be considered when calculating the combined balance 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, Santander Check Deposit Link batch deposits, Santander Check Deposit Link items processed, and Santander Check Deposit Link ACH converted transactions). Santander Merchant Services (credit and debit card payment processing), Santander Payroll & HR Services, and ACH debit items are not included.

3Next-business-day funds availability on most payments processed through Santander Merchant Services. Refer to your merchant services contract and Business Deposit Account Agreement for details, including applicable costs and procedures.

4The $600 savings per year comes in the form of waived $50 monthly maintenance fees when you have at least one Santander Merchant Services account payment deposited into your Santander Business Checking Plus account each month for the full year.

Equal Housing Lender. 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 trademarks of Banco Santander, S.A. or subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners. Santander Bank is not affiliated with First Data Merchant Services or any of its affiliates. Santander Merchant Services is used under license by First Data Corporation.

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