About Santander Bank
Santander Bank is the American branch of the Spanish Santander Group. It was founded in 1902 as Sovereign Bank in Pennsylvania. In 2006, Santander Group began its acquisition of Sovereign Bank and completed its purchase by 2008. In 2011, the bank's headquarters were relocated to Boston, Massachusetts, and renamed Santander Bank.
Santander Bank Overview
Santander Bank is a full-service bank that offers CD, checking, money market, and savings accounts. The bank operates more than 650 branches in Connecticut, Delaware, Florida, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island. It also allows fee-free access to more than 2,000 Santander ATMs in the states it operates in.
| Santander Bank operates more than 650 branches in the Northeast. | Most APYs on all accounts are at below their respective national averages. |
| Offers a wide-range of banking accounts. | Branches are only available in the Northeast. |
| CDs have a relatively low minimum opening deposit. | |
| All monthly service charges can be waived by meeting minimum balance requirements. | |
| Most non-CD accounts have low minimum opening deposits. |
Santander Bank Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Santander Bank offers CDs with terms ranging from three months to two years. The APYs on its special CDs are higher than the national averages of 2.60% while the rest are at or below the national average. Here are the details for some of the bank's CD offerings for the month! and 2025:
Checking Accounts
A checking account is a transactional account intended for everyday expenses. Santander Bank offers several different business and personal checking accounts. All of the checking accounts offer APYs that are below the national average of 0.01% for checking accounts. Here are the latest account details for September 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Santander Bank offers several business and personal money market accounts, all of which offer APYs that are at or below the national average of 2.02% for money market accounts. Here are the account details for September 2025:
Savings Accounts
A savings account is an interest-bearing account that pays you interest while you save for your financial goals. Santander Bank offers one savings account, which offers an APY below the national average yield of 1.45% for savings accounts. Here are the latest savings account details for September 2025:
Bank Fees
Overdraft fee: $15 per transaction of $100 or more
Account closure fee: None
Dormant account fee: None
Wire transfer fee: Domestic - Incoming is $13 and outgoing is $25; International - Incoming is $13 and outgoing is $40
Non-network ATM fee: $3
Monthly service charge: $1-$25 depending on the account type
Stop payment fee: $30
Paper statement fee: $3
Santander Bank Features
Santander Bank's customer service line is available on weekdays from 7 a.m. to 9 p.m. CST and on Saturdays from 7 a.m. to 5 p.m. CST via phone. The 24-hour automated line is also available for basic account information and functions. The bank also operates a 24/7 chat line. Santander Bank operates more than 650 branches in the Northeast and offers access to more than 2,000 Santander ATMs. The bank has an easy-to-use mobile app that allows customers to check balances, deposit checks, pay bills, and process Zelle transactions.
Santander Bank FAQs
Our Take
Santander Bank is a full-service bank that operates more than 650 branches in nine states. It also operates more than 2,000 ATMs to help provide easy access to its customer's funds. As with most larger regional banks, it offers a few CDs with above-average APYs, but most of its other accounts offer yields that are in line with the national averages. The good thing is that although most of its non-CD accounts have monthly service charges, they can all be waived by meeting the minimum balance requirements. With such a large presence in the Northeast, this bank is best suited for residents in the Northeastern states where it operates more than 650 branches. Everyone else is better off finding a bank with branches in their area or an online bank that offers more competitive APYs.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.