Santander Bank Review: Checking, Savings and CDs
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Overall institution rating
3.0
Santander Bank has thousands of ATMs and hundreds of branches, mostly across the Northeast. It charges monthly fees for its checking and savings accounts, but those fees are easy to waive. Just watch out for low interest rates.
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Pros
- Overdraft buffer.
- Solid regional branch network.
Cons
- Low rates.
- Monthly fees (though they are avoidable).
- Cannot open some accounts online.
Methodology
NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.