Santander Bank
Santander Bank Simply Right Checking $400 Bonus
Bonus amount
$400
Expires
Mar 31, 2026
Time to complete
~90 days
Bonus deposited in
~30 days
Difficulty
Medium
Requirements
Last verified: Mar 21, 2026
Open checking account
Open a new Simply Right Checking or Santander Select Checking account with the promotion code by 03/31/2026.
Receive direct deposits
Receive at least $5,000 in cumulative qualifying direct deposits within 90 days of account opening.
Keep account open
Keep the account open for at least 90 days.
Bonus is paid within 30 days after you receive $5,000 in direct deposits and keep the account open for at least 90 days.
Tips & Gotchas
- →The monthly fee is waived when you complete at least one transaction each month. Qualifying direct deposits are payroll or government ACH payments; person‑to‑person transfers do not count.
Account Details
- Make at least one transaction that posts during each statement period (deposit, withdrawal, transfer or payment)
Account must remain open for at least 90 days.
Eligibility
Must not have or have had a Santander checking account within the past 12 months.
- Residency restrictions apply.
Rechurnable?
Fine Print
Offer available in NH, MA, RI, CT, DE, NY, NJ, PA and FL. You must not have had a Santander checking account in the past 12 months. Limit one bonus per customer.
Taxable income · Reported on 1099-INT
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
What is a fee waiver?
A condition you can meet to have the monthly maintenance fee on an account waived.
What is a hold period?
The minimum time you must keep your balance in an account before the bonus is paid out.