Read below to on how to earn $125 in bonus cash with the Santander Goal Savings account. Re-branded from Sovereign bank into Santander Bank, the Goal Savings promotion offers the same features and cash bonuses.
Santander Bank Review: Goal Savings Account $125 Bonus
Open up a Santander Bank Goal Savings Account and you could earn up to $125 cash bonus. Doesn’t matter if you are saving for a vacation or a new car, they want to help you reach your goal and make a little “extra” cash along the way. Sovereign Goal Savings accounts offer rewards for saving each year when your savings increase by $2,500 or more. Simply set up a least 1 recurring monthly automatic transfer from a Sovereign Checking account or from another financial institution into your Goal Savings Account to qualify.
Santander Bank $125 Bonus Information:
- Sign up Offer
- Account Type: Goal Savings
- Availability: Deal is nationwide. Branches are in CT, DE, MD, MA, NH, NJ, NY, PA, & RI.
- Expiration Date: none
- Hard Inquiry: No, just soft pull
- Opening Deposit Credit Card Funding: Yes, up to $500. Recommend Barclays Arrival World for maximum cash back.
- Direct Deposit Requirement: No
- Monthly Fee: $3.50 per month. No monthly maintenance fee when you establish at least 1 recurring automatic transfer.
- Additional Requirements: At least $2500 automatic recurring transfer per month to earn the maximum $125 bonus.
- Closing Account Fee: No.
Santander Bank extra20 Checking $240 Bonus Per Year
There is also a Santander Bank $20 bonus per month($240 a year) with their extra20 checking account when you have direct deposit of $1,500 or more and do 2 billpays per month. You can open the Santander extra20 checking first, then open the Goal Savings account to do both promotions. To qualify for the $20 monthly bonus, customers must open an extra20 checking and a linked extra20 savings account, make direct deposits of at least $1,500 to their checking account each month and pay two bills or more each month using Santander’s online bill pay service. Customers who direct deposit $1,500 or more but do not pay bills through the online service will receive a $10 monthly bonus. Monthly bonuses will be deposited into customers’ extra20 savings accounts.
The following banks have been confirmed as direct deposit when doing ACH transfers: American Express Savings, Alliant, Ally, & American Express serve.
Santander Bank Goal Savings:
- Pick a timeframe and dollar amount you want to reach by that date.
- Then simply set up transfers into your Sovereign Goal Savings account to equal that amount each month so you can reach your goal.
- Reach goals. Receive bonuses of up to $125.
Make sure to open up a Sovereign checking account and set up a recurring automatic transfer per month from that account to your Goal Savings account to qualify for your bonus. Here are the tier amounts and bonuses you can earn each year:
So if you want a maximum of $125 bonus, you must set up a recurring transfer of $2085 each month for 12 months. There is no monthly maintenance fee when you establish at least one recurring automatic transfer. Your account is FDIC insured, so sign up to today for this excellent Goal Savings bonus. Find more bank bonuses from our entire list.
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