Santander Bank, N.A

Overview / Commentary
824 North Market Street, Suite 100
Wilmington, DE 19801

Santander Bank, N.A is headquartered in Wilmington and is the 4th largest bank in the state of Delaware. It is also the 36th largest bank in the nation. It was established in 1907 and as of March of 2021, it had grown to 8,770 employees at 566 locations. Santander Bank, N.A has an A+ health rating.

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Great Bank-Great People-Great Service (Happy Since Day 1)

Posted by: |

Dear All,

I can say that over the years I've almost always gone to the same Santander Bank location (Swampscott). I have had the privilege of working with the same people year after year who all smile and know me by name. The management from Aaron Siegel to Justin Sacco have always gone above and beyond for us small business owners. The guy I call Mr. Big time Peter and the two ladies at the front Katherine and Yania are all top shelf as well. If I ever have a problem the buck stops here. I always get 110% from these folks.

Happy Customer!!!


Convenient Locations

Posted by: |

I've been with this bank for the past seven (7) years, with a few different accounts. I have never run into any problems with them, even through the inevitable changes that all banks tend to make to their policies. If anything they were a little too proactive in letting its members know of changes that were occurring and explaining what to expect. Their customer service has always been friendly and helpful. I always enjoy my experience when I do have to venture inside of the actual bank. In my area there are a good amount of branch buildings as well as ATMs in every CVS, which is a plus if I need cash quick. I would definitely recommend this bank to anyone.

Have To Keep Opening New Accounts To Get Advertised Rate

They will give you advertised rate . It will decrease within six months. When you notice rate has decreased ( They hope you will not notice) you call the service center. Service center can not give advertised rate. You go to branch. Branch manager will close your account and open new one to give you advertised rate again.You have to repeat it every few months.

I Feel Screwed Over (Update: No Longer) (Update: Scam Bank)

Second Update:
Turns out when they convinced me to reopen my account, they added a $10/month account fee (for what??? it's basic checking) where I had never paid a fee in over 5 years. I will never do business with them again and when I see their advertisements in sports I will growl at the TV.

After I called to close my account, I got one of those "please review your call experience" emails and since I had not gotten a chance to whine to anyone yet, I recounted my frustrations with the overdraft into their survey. I have never received any kind of feedback from these surveys from any company so I was quite surprised to receive a call and email from Santander (on the weekend even!) asking to talk to me to address my concerns. I called them back on Monday and they said the overdraft charges should not have happened and refunded them, so we reopened the account as well as sending me a new debit card overnight since the old one had already been closed out at that point. I was very pleasantly surprised by them reaching out to me and will now attempt to use the account more frequently to thank them for their good customer service.

Previous Review:
I opened an account with Santander because they had a convenient location on my way home from work. Sadly, that location closed/moved shortly afterward. I soon got an account with SoFi but kept the Santander account open just to have a place to deposit cash, etc.

When I bought my house I had the monthly HOA fee direct debited from my Santander account and I have left it that way for several years just so Santander wouldn't close my account from disuse. So every month I had to remember to transfer $200 from my main bank to my Santander account. This worked fine until this past month when the combination of my HOA quietly moving up the debit date and Santander "conveniently" taking several extra days to receive the transfer caused my account to overdraft. I would have chalked this up as my mistake and started transferring earlier in the month....except Santander COMPLETELY neglected to notify me about the overdraft for almost two weeks. This enabled them to charge me extra fees for "sustained" overdraft. An overdraft I knew nothing about. Because they didn't tell me! If I had known I would have paid the original overdraft charge instantly!

So I wasted my money filling the overdrafted account back up to 0 and then closed the account, at which point they did not even bother to ask why I was leaving, they were basically like "K bye". Congratulations Santander, they got their profit from having me as a customer, which clearly matters more than customer experience. They win.



Health Grade Components

FDIC Certificate #29950
Year Established1907
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD5.27%
Annual Interest Income$533.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$88.91B$87.57B
LoansQ1 2021vs Q1 2020$53.88B$54.51B
DepositsQ1 2021vs Q1 2020$73.20B$61.67B
Equity CapitalQ1 2021vs Q1 2020$11.89B$13.71B
Loan Loss AllowanceQ1 2021vs Q1 2020$1.15B$998.6MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$521.1MM$364.5MM
Real Estate OwnedQ1 2021vs Q1 2020$5.1MM$14.7MM
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Always verify rates and promotions with the bank or credit union. We are not Santander Bank, N.A; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Santander Bank, N.A Savings Account Rates

0.03%--Santander Savings Account

Santander Bank, N.A Money Market Rates

0.15%*$400k*-Santander Select Money Market Savings
OTHER TIERS: 0.10% $1 - $400k
0.05%*$10k*-Santander Money Market Savings
OTHER TIERS: 0.03% $1 - $10k

Santander Bank, N.A CD Rates

0.15%$100k-18 Month Jumbo Relationship CD
0.15%$500-18 Month Relationship CD
0.10%$500-15 Month Relationship CD
0.10%$100k-15 Month Jumbo Relationship CD


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