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Santander Bank vs Bank of America

Santander Bank is a northeastern bank with low requirements to waive fees. How does it compare to Bank of America? Read our comparison chart below.

Santander Bank has over 600 branches in the Northeast. Offers a range of checking and savings accounts, with simple requirements to waive service fees. High balance customers can earn higher interest. Their CDs offer high a APY with $500 minimum opening deposit.

While Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

Compare Santander Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Santander Bank

Bank of America

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Read Bank of America Review

 

Benefits and Features

Savings0.03% APY. $25 Minimum opening deposit. $1 monthly fee, unless 1) You have a Santander Checking Account, or have 2) $100 average daily balance in your savings account.
Check
CD0.10% APY. 15-month. Minimum deposit of $500, with Santander Checking Account.
Check
Checking 
Check
Money Market0.03% - 0.05% APY. Must be Santander Premier Plus Checking Account holder. Minimum deposit of $25. No monthly fee. 
Customer ServiceMon-Sun 8:00 am - 8:00 pm (ET) (excluding Christmas Day)
  • Mon-Fri: 8am - 9pm (ET)
  • Sat: 8am - 8pm (ET)
  • Sun: 8am - 5pm (ET)
ATMsOver 2000 ATMs throughout the Northeast, including in many CVS/pharmacy® locations
Approximately 17,000 ATMs
IRA CD 
Check
Locations
Over 575 branches in the US
Approximately 4,300 retail financial centers
 

CreditDonkey® Reviews

SavingsStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
CDStarStarStarStarStarStarStarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarHalf StarEmpty StarEmpty Star
Money MarketStarStarEmpty StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Pros & ConsPros:
  • Easy to waive monthly fees
  • High APY for CDs
  • Free student checking
Cons:
  • Low interest for Premier Plus Checking
Pros:
  • Large branch network
  • Extended customer service hours
  • Full service banking
Cons:
  • No free checking option
  • Low interest rates
  • Many miscellaneous banking fees
Bottom LineNortheastern bank with low requirements to waive fees... Read full reviewNational bank with widespread accessibility and wide range of services... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Santander Bank: Pricing information from published website as of 3/16/2022 based on 91107 zip code.

Bank of America: Pricing information from published website as of 3/25/2022 based on 91107 zip code.

Which is Better: Santander Bank or Bank of America?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Santander Bank or Chase.

In short: Santander Bank's cd and checking are worth mentioning. In particular, the cd is impressive.


Articles on Santander Bank

Santander Bank Review

If you're in the Northeast, Santander Bank offers solid basic checking and savings options, as well as competitive rates for CDs. Read on to see if it fits your needs.

Articles on Bank of America

Bank of America Review

Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

How to Close a Bank of America Account

Want to close your Bank of America account? Learn how and what you need to do before you close your account.

Bank of America Hours

Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

Bank of America Routing Number

Find your Bank of America routing number and learn about money transfers in our guide.

Which Do You Think is Best?





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