*Expired*
Available nationwide, Santander Bank is offering $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. It’s the first bank in the United States that pay customers $20 every month just for banking. For all the current offers from $150 to $500 bonuses, see our Santander Bank Promotions list!
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Step 1) Click on the “Open Account” below to sign up. To qualify for the $20 monthly bonus, customers must open an extra20 checking and a linked extra20 savings account.
Step 2) 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.
HINT: Many people are using ACH transfer to trigger the direct deposit requirement, however Santander Bank is now cracking down on P2P transfer and won’t qualify as a direct deposit. This not only will get you the $20 bonus, but you also need the $1,500 direct deposit requirement to waive the $10 monthly fee on the checking account. Here’s what you could do: Switch to your regular payroll or government benefits to qualify for this monthly $20 bonus. This is by far one of the better bank bonuses out there and it has been going on for a very long time! 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.
Santander Bank $240 Bonus Information:
- Sign Up Offer (Click “Open Account”)
- Account Type: extra20 checking and extra20 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.
- Direct Deposit Requirement: Yes, $1,500 per month.
- Monthly Fee: The $10 monthly fee can be waived for setting up direct deposit of $1,500 or more. First 2 months is free.
- Additional Requirements: 2 bill pays per month.Closing Account Fee: Yes, there is a $25 early account closing fee for cancelling the account within 90 days of opening.
Santander Bank Account Features:
Santander Switch Services A dedicated Santander Switch Services agent will make your transition easy, accurate, and secure by managing the transfer of your direct deposits, Online Banking bill payees and recurring automatic payments. All you have to do is choose to use Switch Services during the online account opening process, or open your account and then call (888) 875-5089.
extra20 checking No monthly charge with $1,500 or more in total direct deposits for the service fee period (otherwise, $10) First order of Santander checks free
extra20 savings Competitive rates and the security of FDIC insurance Easy transfers to and from checking Complimentary for extra20 checking customers
Direct Deposit The safest and fastest way to get your paycheck and other recurring deposits Avoid rushing to deposit your payroll check or wait for funds to clear
Santander Online Banking with BillPay 100% guaranteed against fraud and late bill payments 24/7 access to account balances, transaction history and more Easy-to-use BillPay with the ability to receive electronic versions of your bills and statements Convenient access through our Mobile Banking app
Bottom Line:
Sign up today for Santander extra20 checking to earn $20 bonus every month simply for continuing to perform tasks that are part of their normal financial routine such as direct deposit and bill pay. This is probably one of the most unique bank bonuses I have seen throughout the years. Find more bank bonuses on our exclusive list!
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