Santander Business Checking: 2022 Review
Consider upgrading to Santander’s mid-level Business Checking account if you can avoid the monthly service fee.
The bottom line:
Santander’s business checking options fall short of its competitors', but the bank’s mid-level option is worth a look if you can avoid the monthly fee and operate a business in the Northeast.
Bank account details
Monthly fee
$7.50
Waived with $1,500 minimum balance
APY
N/A
Bonus
N/A
Pros & Cons
Pros
Competitive cash deposit allowance.
Discounts and bonus offers on merchant services.
Low monthly maintenance fee with multiple ways to waive it on some accounts.
Cons
Low transaction limits.
Limited free ATM access.
Additional fees for ACH payments.
Available in only nine states.
Compare to other bank accounts 
Santander Bank Basic Business Checking Member FDIC
3.0
NerdWallet rating
4.5
NerdWallet rating
4.1
NerdWallet rating
Monthly fee
$7.50
Waived with $1,500 minimum balance Monthly fee
$15.00
Waived with $2,000 minimum balance Monthly fee
$0
APY
N/A
APY
N/A
APY
N/A
Need more options? Check our picks for best business bank accounts of 2026