Digital Banking

Santander Bank intros Essential Checking account with no overdraft fees

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November 27, 2023

Santander Bank N.A. introduced its Santander Essential Checking account which features no overdraft fees. Instead, it will charge a $4 monthly fee that can be waived if the account holder is under 26 or at least 65 years old, according to a press release.

The account also features lower fees of $2 for paper statements and $2.50 for non-Santander ATM withdrawals.

"At Santander, we are consistently adapting our offerings to create a seamless and simple banking experience for our customers," Patrick Smith, head of consumer and business banking at Santander Bank N.A., said in the release. "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."