Santander Bank

Learn more about Santander Bank for high transaction volumes. Includes checking account features, customer reviews, and frequently asked questions.

Updated on December 10th, 2019

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Santander Bank has more than 650 branches across Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, and Delaware. Santander Bank's business checking accounts are designed for businesses with moderate to high transaction volumes.

Business Account Details:

Account Type

Free Monthly Transactions

Monthly Service Fee

Minimum Daily Balance

Business Checking

300

$15

$5,000

Business Checking Plus

750

$50

$40,000

Santander Bank
Review:

Pros: Multiple ways to waive monthly service fees. Free mobile banking.

Cons: High non-network ATM fees. Checking accounts are non-interest bearing.

Bottomline: Santander Bank offers business checking accounts with low fees that are ideal for high transaction volumes.

Key Information:

Founded

1857

Headquarters

Boston, Massachusetts

CEO

Scott Powell

Number of Employees

10,000

Phone number

1 (877) 768-1145

Address

75 State Street, Boston, MA 02109

Website

www.santanderbank.com/us/business

FAQs:

Which bank is better: Santander or TD?

Santander and TD offer very similar services. The biggest difference is that while TD requires a daily minimum of $100, Santander has a one transaction fee-waiver. Santander Bank is considered to be one of the top banks for free checking, and TD Bank is considered to be one of the top banks for savings.

Is Santander a safe bank?

Santander has a range of features to protect your accounts, including digital controls for your cards, quick and easy management of your cards, and the ability to set up alerts.

Is Santander better than Bank of America?

While Bank of America is a larger company with more branches and ATMs around the country, Santander Bank has free checking options and low monthly fees which are easily waived. Santander has received fairly positive reviews from its clients.

What kind of bank is Santander?

Santander Bank is a retail and commercial bank.

Does Santander have fees?

Yes. Santander has a monthly service fee, account analysis fees, transaction fees (if exceeding the free limit), and some others. You can get in touch with Santander Bank to learn more about their fees.

Is Santander Bank FDIC insured?

Yes, the following Santander Bank deposit accounts are FDIC insured:

  • Savings.
  • Checking.
  • Time deposits.
  • Club.
  • Money Market Checking.
  • Money Market Savings.
  • Negotiable Order of Withdrawal.
  • Some retirement accounts.

What are some Santander Bank alternatives?

Customer Reviews:

UltraBBA

Reviewed: Feb 10, 2019

Source: Reddit

I've tried a few high street banks. Worst = Barclays. Best = Santander. Actually, I'd go so far as to recommend Santander for business banking. They are prompt, efficient, you can speak with a person, they sort a problem if one