Santander Bank Introduces New Essential Checking Account
New offering receives national certification as safe, affordable account and builds on Santander® Safety Net, the Bank’s industry-leading flexible overdraft policy, offering a simple and predictable banking experience.
Essential Checking is certified by the Cities for Financial Empowerment Fund as meeting the Bank On National Account Standards, which indicates that the account meets over 25 features for customers who are looking to improve their finances a safe, affordable and useful banking offering to access and manage their money. Essential Checking joins three other easy-to-use checking accounts in Santander’s suite of offerings, and customers have the ability to choose an account that fits their personal needs and financial goals.
“At Santander, we are consistently adapting our offerings to create a seamless and simple banking experience for our customers,” said Patrick Smith, Head of Consumer and Business Banking at Santander Bank, N.A. “The introduction of our Essential Checking account marks another exciting milestone in our ongoing work to best serve our customers and provide various options that are tailored to support them at every stage in life.”
Santander Essential Checking also includes reduced fees of
Additionally, the Bank announced further benefits to its Simply Right® Checking and Santander® Savings accounts, aimed at any owner on the account who is under 26 years of age:
-
Simply Right Checking: Waived monthly fee, a reduced cash withdrawal fee of
at domestic non-Santander ATMs and no incoming wires fee.$2 -
Santander Savings: Waived monthly fee and
cash withdrawal fee at domestic non-Santander ATMs.$0
The new Essential Checking account and updates to Santander’s checking and savings products follows changes announced in 2022 to Santander® Safety Net, the Bank’s industry-leading flexible overdraft policy, which eliminated its non-sufficient funds fee, charged when a payment transaction is returned, and reduced the overdraft fee to
“We are committed to constantly reviewing and updating our product mix to meet our customers where they are,” added Smith. “They’re at the center of everything we do.”
Santander’s continued product enhancements and rollout of Essential Checking are part of its greater commitment to the communities it serves, and builds upon the latest Santander US Community Plan, a three-year commitment of
Santander Bank, N.A. is one of the country’s largest retail and commercial banks with
View source version on businesswire.com: https://www.businesswire.com/news/home/20231116170241/en/
Media:
Victoria Day
victoria.day@santander.us
Source: Santander Bank, N.A.