[Targeted NH, MA, RI, CT, DE, NY, NJ, PA, or FL] Santander $400 Checking Bonus

Update 7/1/25: Extended to to 12/31/25

Update 12/30/24: Extended to 6/30/2025

Update 10/1/24: Extended to 12/31/2024

Update 6/27/24: extended to 9/30/24

Update 3/31/24: Extended to 7/1

Update 2/21/24: Deal is back and valid until 3/31/2024. Hat tip to reader Gadget

extended to 3/31/2024

Extended until 1/31/23

Extended until 12/28/2023

Offer at a glance

  • Maximum bonus amount: $400
  • Availability: NH, MA, RI, CT, DE, NY, NJ, PA, or FL
  • Direct deposit required: Yes, $5,000+
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Yes
  • Credit card funding: None
  • Monthly fees: $3 – $10 avoidable
  • Early account termination fee: $25, 90 days
  • Household limit: None listed
  • Expiration date: 10/03/2023

The Offer

Direct link to offer

  • Santander is offering a $400 checking bonus when you open a Santander Select checking account and complete the following requirements:
    • have $5,000 or more in direct deposits within the first 90 days

The Fine Print

  • Get $400 when you open a new Santander Select® Checking, Simply Right® Checking, or Santander® Private Client Checking account ($25 minimum opening deposit on all) by 10/03/2023 and have direct deposits totaling $5,000 or more post to this account within the first 90 days.
  • Account must be opened in a branch.
  • The 90 day period begins the day of account opening, unless the account is opened on a weekend or holiday, in which case the period begins on the first business day after account opening.
  • Offer is transferable until redeemed by the addressee and we reserve the right, in our sole discretion, to limit the number of times this Promotion Code may be used. You must be 18 years or older.
  • Offer is not available if any account owner is a current checking customer of Santander or had a Santander checking account in the last 12 months prior to account opening.
  • Offer cannot be combined with any other bonus offer.
  • Promotion Code must be entered at new account opening to be eligible for this offer, and cannot later be added to an account, or changed, unless it is presented and applied within 14 days of account opening.
  • The account must remain open in an eligible account type until payment of bonus, which will occur within 30 days thereafter.
  • In addition, the account must remain open and in good standing to be bonus eligible. Bonus is considered interest and will be reported to the IRS on Form 1099-INT.
  • If multiple accounts are opened with the same signer, only one account will be eligible for the bonus.
  • For new checking account customers only.
  • Offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, PA, or FL (Florida Eligibility: This offer is only eligible online in ZIP codes within Miami Dade, Monroe, and Broward Counties, including ZIP code 34141).
  • Offer expires 10/03/2023. This offer is subject to change at any time.
  • Offer is only valid with use of a Promotion Code. Promotion of this offer may end at any time.
  • Qualifying Direct Deposits include your paycheck, pension, government benefits (such as Social Security), or other eligible regular monthly income from your employer or the government electronically deposited to your checking account. Direct Deposits do not include teller deposits, wire transfers, debit card transfers, ATM, Online and Mobile Banking transfers or deposits, person to person transfers (such as Zelle® or Venmo), or a merchant advancing payroll using a debit card.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

  • Simply Right has a $10 monthly Fee, waived with one transaction* – a deposit, withdrawal, transfer, or payment – posted during the calendar month.

Early Account Termination Fee

$25 if closed within 90 days

Our Verdict

Not as good as the last $500 bonus. Although the direct deposit requirement is lower for the $400 tier. In any case a lot of people try to cycle these santander bonuses so if you’re eligible it’s probably worth just taking this bonus as I doubt we will see anything better in the short term.We will add this to our list of the best bank account bonuses. If you have issues with applying try using firefox.

Useful posts regarding bank bonuses:
    William Charles
  • On February 21, 2024, 10:00
Tags: ct bank bonusesde bank bonusesfl bank bonusesma bank bonusesnh bank bonusesnj bank bonusesny bank bonusespa bank bonusesri bank bonuses

View Comments (627)

  • I received a targeted mailer from Santander that stated "Earn up to $800 with a new checking account" on the front. I was bummed as I recently opened an account for the $400 public offer. I think that this is the 1st time that I had ever received a targeted Santander offer.

    I then opened it and reviewed the terms and felt a lot better. The $800 offer requires a Private Client Checking account, which requires $250K to be in the account at all times, making the deal a complete non-starter for me.

    Interestingly, the $400 offer in the mailer requires a Santander Select Checking account, while the public offer that I signed up for, allowed a Simply Right Checking Account.

    There was also a lowly $200 offer for the Simply Right in the mailer.

  • I got a mailer today for an $800 bonus for opening a Santander private client checking and having 10k in DDs in 90 days. However, private client checking requires a 250k balance. Tempting to try to get the bonus but it probably wouldn't post for 3/4mo and by then I imagine they'll bother me about the 250k balance

  • Pretty late to report, but I just wanted to include a data point that the bonus posted within 90 days of account opening with real direct deposits.

    8/22 - Account opened
    Multiple real DD's
    ~11/15 - Received $400 bonus

    Closed account in March.

  • 03/21/25 Account opened
    04/09/25 Push from regular Chase checking account $2,525
    04/17/25 Push from regular Chase checking account $2,525
    06/23/25 $400 bonus posted

    • Thank you, I will try this. Can you please add what it was coded as so I can look out for it?

  • Whats fake DDs are working? Thinking of trying from Fidelity or Schwab brokerage, any chance for it to work?

    • TrD worked for me last year. I am planning on applying again soon for my next churn and will hopefully be testing it again. 😉

      • TrD involves lot of process isnt it? Or can i able to open now and with draw in a week?

        • If you don't have an account with them, it might take several minutes to open. I opened my account years ago so I don't recall the exact process.

          However, once your account is set up, it will be well worth it. You could purchase and withdraw in about a week if you use the C of I account but I wouldn't recommend doing that as it's risking getting banned. It is much safer to buy 4 week T-Bills.

          Let me know if you are interested in using TrD. If so, I will find a couple of my old comments talking about it.

  • datapoint:
    opened 3/5
    paychex DDs totaling $5288 across 7 deposits, from 3/12 to 4/16
    bonus received 6/5 (91 days) $400
    the description is "bonus payment"

  • 2/25 account opened in branch (declined online)
    Multiple fake DDs
    4/29 receive "30 days left to receive your bonus" email (despite fake DDs already made)
    5/28 bonus payment $400

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