checking

Santander $500

Simply Right, Essential, Select, or Private Client Checking

Keep a $5,000 average daily balance for 90 days, add one qualifying direct deposit, and Santander pays $500.

Effective value after fees

$500

No monthly fee if you use Simply Right and post one transaction a month. The $500 is not reduced.

Exact requirements

Same Santander offer as the $300 tier. You earn one bonus, based on the balance you actually maintain.
A $5,000 average daily balance for 90 days, plus one qualifying direct deposit, pays $500.
Open in branch with the promo code by December 18, 2026, in the states and Florida counties Santander lists.

Bonus: $500
Direct deposit: At least one qualifying direct deposit within 90 days, plus a $5,000 average daily balance.
Deposit: Maintain a $5,000 average daily balance for the first 90 days.
Keep the account open: At least 90 days, and open at payout.
When the bonus posts: Within 30 days after the 90-day period.
Expiration: Open by December 18, 2026. See the $300 card for the footnote conflict on activity deadlines.
Monthly fee: Simply Right is $10 or $0.
How to waive it: One posted transaction in the calendar month waives Simply Right's $10 fee.
Early closure: Not stated as a dollar fee. Closing before payout forfeits the bonus.
Credit pull or ChexSystems: not stated
Where it is offered: 9 states. Florida is limited to Miami-Dade, Monroe, Broward, and Collier ZIP 34141.
Last verified: November 15, 2026

In-branch offer. The promo code is shown after you fill in the form on Santander's page. Verified November 15, 2026.