BOSTON, Dec. 1, 2015 /PRNewswire/ -- Santander Bank
today announced the debut of its new signature checking account
product called Simply Right – a simple-to-use account with very
clear, easily-earned benefits and no fine print.
Simply Right's features include:
- Monthly Fee is waived with just one customer-initiated
transaction per month of any amount (one deposit, withdrawal,
payment or transfer).
- No minimum balance requirement to avoid the Monthly Fee.
- Statement and service fee periods are aligned with the calendar
month, starting the first day of every month and ending on the
last.
"Simply Right defines what a simple checking account should look
like," said Michael Cleary,
Santander's head of Consumer and Business Banking. "Its
straightforward features and benefits will be an attractive option
for customers who are tired of paying unnecessary fees." He added,
"Unlike other banks that require minimum balances or a complicated
combination of activities to waive fees, we have created an account
that reflects how customers like to bank. With Simply Right, we're
improving the banking experience by eliminating all points of
confusion and creating one of the most flexible accounts in the
market."
As part of the Bank's commitment to make banking easier for
customers, Santander is also simplifying its consumer checking
account offerings by reducing its product line from 13 products to
five. "Everyone will find something that meets their
financial needs and circumstances among these five easy-to-use
checking accounts," said Cleary. "A simplified product line not
only makes our customers' choices easier, but it makes it easier
for our team members to help customers select the best product for
their needs."
Along with the launch of its simpler checking lineup, Santander
is launching the first phase of its updated website. The website
enhancements and redesign provide visitors with a simple,
easy-to-use interface on both desktop and mobile, resulting in an
improved customer experience.
Santander Bank, N.A. is
one of the country's top retail banks by deposits and a wholly
owned subsidiary of Banco Santander, S.A. - one of the most
respected banking groups in the world. With its corporate
offices in Boston, Santander Bank's more than 670 branches and
nearly 2,100 ATMs are principally located in Massachusetts, New
Hampshire, Connecticut,
Rhode Island, New York, New
Jersey, Pennsylvania and
Delaware. The Bank's 9,800
employees are committed to helping our 2.1 million customers make
progress toward their financial goals with the support of our call
centers, interactive online banking platform and easy-to-use mobile
app. Madrid-based Banco Santander
(NYSE: SAN) serves more than 100 million customers in the U.K.,
Europe, Latin America and the U.S. Through its
local affiliates, including Santander
Bank, Banco Santander is the largest corporate contributor
to higher education in the world, investing over $165 million annually in colleges and
universities across more than 20 countries, including the
U.S. For more information on Santander Bank, please visit
www.santanderbank.com.
Media
Contacts:
|
Ann Davis
|
Nancy
Orlando
|
|
617-757-5891
|
617-757-5765
|
|
ann.davis@santander.us
|
nancy.orlando@santander.us
|
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SOURCE Santander Bank, N.A.