Overview
The bottom line:
Bank account details
Monthly fee
$7.50
Waived with $1,500 minimum balance
APY
N/A
Bonus
N/A
Pros & Cons
Pros
Cons
Written by
Senior writer | Small business banking and credit cards, Paycheck Protection Program, consumer spending, and household finances
Senior writer | Small business banking and credit cards, Paycheck Protection Program, consumer spending, and household finances
Edited by
Edited by
Ryan Lane✅ Fact-checked and reviewed
NerdWallet's content is fact-checked for accuracy, timeliness, and relevance by humans. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible. Learn more by checking our Editorial Guidelines.
Content was accurate at the time of publication.
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small-business and personal finance.
60+ business bank accounts rated with our objective, comprehensive business bank account rubrics (
You’re our first priority.
Every time.
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .
Last Deploy:
Next Deploy:
Written by
Senior writer | Small business banking and credit cards, Paycheck Protection Program, consumer spending, and household finances
Senior writer | Small business banking and credit cards, Paycheck Protection Program, consumer spending, and household finances
Edited by
Edited by
Ryan Lane✅ Fact-checked and reviewed
NerdWallet's content is fact-checked for accuracy, timeliness, and relevance by humans. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible. Learn more by checking our Editorial Guidelines.
Content was accurate at the time of publication.
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small-business and personal finance.
60+ business bank accounts rated with our objective, comprehensive business bank account rubrics (
You’re our first priority.
Every time.
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .
Santander Bank Basic Business Checking
The bottom line:
Bank account details
Monthly fee
$7.50
Waived with $1,500 minimum balance
APY
N/A
Bonus
N/A
Pros & Cons
Pros
Cons