Intro – Santander Bank Reviews & Ranking
Santander Bank was recently ranked and reviewed by AdvisoryHQ as a top rated bank/credit union. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ’s ground-breaking four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our Santander Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The Santander Bank reviews below provide a detailed review of Santander Bank, including some of the factors used by AdvisoryHQ News in its ranking and selection of Santander Bank.
Santander Bank Review
As one of the premier banking firms, Santander is well-recognized as one of the top retail banks in the entire Northeast region. Santander is a subsidiary of Banco Santander, which works with more than 100 million customers throughout the world.
Santander Bank maintains over $54 billion in deposits, has 675 branches, and over 2,000 ATMs.
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Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our Santander Bank reviews, Santander Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
Santander Bank Review: Awards and Honors
Along with its strong presence and recognition as one of the best banking firms, Santander has also been the recipient of international banking awards. Recent honors include:
- Top 100 Most Respected Companies in the World from Barron’s
- World’s Most Valuable Brands from Forbes
- Best Consumer Bank in the World from Global Finance
- Top 5 in Mobile Banking Smartphone Ratings from Javelin Strategy and Research
- Recognized by Interbrand as one of the Best Global Brands
- Identified by Financial Times as the Sustainable Global Bank of the Year
- Acknowledged by NerdWallet for having the Best Checking Account
Santander Bank Review: Santander Switch Services
Santander created its Switch Services program, which gives customers everything they need to transfer their accounts from another financial institution. Santander employs a dedicated team of Switch Services professionals who work with clients through each step of the process.
The process begins as soon as a future customer contacts Santander and the Switch Services team collects necessary information. Then, the team helps new customers move their direct deposits as well as bill payees and recurring automatic payments.
The Switch Services team then provides new clients with final confirmation that all services have been moved.
Santander Bank Review: Overdraft Elections
Offered as part of checking services from Santander are Overdraft elections. This can also be used with money market savings accounts, and customers have the option to select from two service options: Some Overdrafts and All Overdrafts.
If you elect to use the Some Overdrafts service, Santander pays all transactions except ATM transactions and one-time debit card purchases.
Those transactions will most often be declined, which means no resulting fee.
With the All Overdrafts option, the bank may pay all transactions that occur, and it will charge a fee for each paid item when funds are insufficient or unavailable.
Santander Bank Review: Santander Premier Plus Money Market Savings
Santander Premier Plus Money Market savings account is one of the top-tier savings options for customers. One of the premier features of this savings option is the attention received from a dedicated personal banker.
Other benefits include easy transfers up to six times per service fee period, consolidated monthly statements, and access to all Santander online services, including online and mobile banking.
There is no monthly fee for the Premier Plus Money Market Savings Account as long as the account holder also owns any Premier Checking account.
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