How to Buy Crypto with Santander Bank
Summary: While Santander Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto trading platform.
There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.
They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!
Buy Crypto with eToro
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As mentioned above, just like most banks, Santander Bank doesn’t offer cryptocurrency trading directly, as setting up a cryptocurrency trading platform is quite complex and comes with regulations and extra requirements for the banks.
There are many crypto trading platforms that you can use for buying bitcoin and other cryptocurrencies.
Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.
Table of Contents
How to buy crypto or bitcoin with Santander Bank
There are only 4 steps involved, let’s get started!
1. Choose a cryptocurrency exchange
As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.
Let’s get started!
2. Sign up with the trading platform
The first thing to do is to sign up with the platform.
Once you’ve completed the initial sign-up process, you’ll have to go through a quick verification process (also known as KYC).
3. Funding your account
Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.
4. Buy cryptocurrency
Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.
And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with Santander Bank.
About Santander Bank
Santander Bank is a bank that primarily operates in the Northeast. It is most suitable for those who live near branches in Massachusetts, New Jersey and New York, Pennsylvania and Rhode Island.
Santander Bank branches are concentrated in the Northeast. Massachusetts is its largest market, with nearly 200 branches.
Santander Bank's Simply Right checking account does not require a minimum balance and only $25 to open. To waive the $10 monthly maintenance charge, you must make one transaction per month.
The Student Value Checking account is available to students aged 14-25 and has no monthly fee.
Santander Select Checking accounts reimburse customers up to $30 per period for out of network ATM fees. Customers who do not keep $25,000 or more in bank deposits, or invest at Santander Investment Services, pay $25 a month.
Santander's overdraft policy was changed in November 2021 to provide a $100 cushion for customers before an overdraft fee was assessed. Customers are no longer charged a $12 overdraft protection fee.
Santander's mobile banking app also includes Zelle. This allows customers to send money to other people and make online payments.
Santander Bank offers two types of savings accounts: Santander Savings or Santander Youth Savings. To avoid paying a $1 monthly fee, Santander Savings accounts require either a Santander checking or $100 average daily balance.
Santander Bank has both 15-month- and 18-month CDs available on its website. Each CD requires $500 to open. An 18-month CD yields slightly more than the national average. You can transfer interest earned on CDs to a separate account.
Santander Bank branches offer at least 12 terms for CDs. Each term requires a $500 minimum opening deposit.
Santander Bank's mobile app has been highly rated. It earned 4.7 stars on the Apple App Store, and 4.2 stars from Google Play. The app can be used to send and receive money via Zelle.
Live chat is available for customers who need assistance, and it's available from 8 a.m. Eastern to 8 p.m. Eastern on seven days per week. Chat is not available. Santander has 2000 ATMs in its network, with many located in CVS Pharmacy shops. This is mainly in the Northeast.
Santander Bank has 487 branches. Nearly all are located in the eight Eastern states of Massachusetts, New Jersey and New York, Pennsylvania. Rhode Island, Connecticut. Delaware. New Hampshire is the only exception. The bank also has a Miami branch and operates more than 2,000 ATMs.
Santander Bank, a subsidiary Banco Santander SA based in Madrid, is Santander Bank.