Santander Bank Business Checking bonus: is $550 worth it?
What it adds over what your cash earns now, tier by tier. Change the rate to yours.
Yearly rate on $10,000 while it's there, bonus included.
The math
Compared with leaving $10k at 4.15%
Average $10,000 from day 1 to day 90 · Make 5 debit card purchases. Terms checked Oct 9, 2026.
About this bonus
What it takes
- 1Average $10,000 from day 1 to day 90
- 2Make 5 debit card purchases
- Ends
- Aug 31, 2027
- Where
- 9 states: NH, FL, MA, RI, CT, DE, NY, NJ, PA
- Monthly fee
- None
- Closing early
- $25 within 90 days
- Cash stays
- About 90 days
- Bonus paid
- Usually within 30 days of finishing
- Credit check
- A ChexSystems inquiry (not your credit score)
Similar bonuses
The same kind of account, ranked by what each adds at 4.15%.
Questions
Is the Santander Bank Business Checking bonus worth it?
At 4.15%, about what T-bills or a money market fund pay (as of Oct 12, 2026), the $10,000 tier adds +$448: the $550 bonus, minus the $102 that cash would have earned in 90 days. At a different rate the answer changes; the calculator on this page works it out for yours.
What are the requirements?
Average $10,000 from day 1 to day 90; make 5 debit card purchases. Open to residents of NH, FL, MA, RI, CT, DE, NY, NJ, PA.
When does it end?
The offer ends Aug 31, 2027. The terms were last checked Oct 9, 2026.