Santander Bank
Santander Bank Simply Right Checking $400 Bonus
- Bonus amount
- $400
- Expires
- Dec 18, 2026
- Time to complete
- ~90 days
- Bonus deposited in
- ~120 days
- Difficulty
- Medium
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money
Requirements
Last verified: Aug 19, 2026
Open in branch with promo code
Open a new Private Client Checking, Select Checking, Simply Right Checking, or Essential Checking account IN A BRANCH by 12/18/2026, using a promo code revealed via a name/email form on the bank's own offer page.
$5,000+ average daily balance, 90 days
Maintain an average daily balance of $5,000 or more over the first 90 days.
1+ direct deposit within 90 days
Have at least one qualifying direct deposit (any amount) post within the same 90-day window.
Bonus paid within 30 days after the 90-day period, once the account has stayed open and in good standing.
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.
Tips & Gotchas
- →This is a RENEWAL of the product previously listed here. Same account family, same $400, new cycle and new mechanics.
- →Mechanics changed from the prior cycle: this round is a $5,000 average-daily-balance test plus any direct deposit, not a $5,000 cumulative-DD test.
- →Branch-only: the promo code is revealed via a name/email lead-gen form on the bank's own page, then used when opening in branch.
- →Also available to select South Florida ZIPs (Miami-Dade, Broward, Monroe counties, and Collier county ZIP 34141) in addition to NH/MA/RI/CT/DE/NY/NJ/PA.
Direct Deposit Data Points 62
62 community reports across 11 transfer sources, showing what triggers a qualifying direct deposit at Santander Bank.
Can You Earn This Bonus Again?
Fine Print
Not available if any account owner is a current Santander checking customer or had one in the last 12 months. Offer cannot be combined with any other checking bonus offer. Limit one bonus per signer/ownership group.
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.
Does Zelle Count as Direct Deposit for Bank Bonuses?
Usually no. At most banks a Zelle payment arrives coded as peer-to-peer and will not trigger the bonus. Citi is the clear exception. Its Enhanced Direct Deposit terms name Zelle as a qualifying deposit, and every Zelle report we have from Citi got paid.
What is a fee waiver?
A condition you can meet to have the monthly maintenance fee on an account waived.
Also see: this month's best bank bonuses and community DD data points.
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money