Official Statement From Banco Santander: Confirmed, You're Still on Time in March

Banco Santander's customers are in luck. The entity has decided to extend its star promotion, which allows access to an iPhone 16 with no initial cost, until March 31. An opportunity that initially ended on February 15.

The financial entity's proposal follows the trend of rewarding banking ties with cutting-edge technological products. In this case, any customer who direct deposits their salary or pension can enjoy a 36-month lease with full compensation. This means that the smartphone will not incur an additional expense as long as the agreement's conditions are met.

Banco Santander Expands Its iPhone 16 Promotion

Banco Santander has made this promotion one of the most prominent in the banking sector in Spain. Through this cost-free lease, customers can enjoy an iPhone 16 without paying monthly fees while maintaining the established conditions.

At the end of the three-year period, the user can choose to keep the device by paying approximately 290 euros or return it without any penalty. For those seeking an even more premium option, the entity also offers the possibility of obtaining an iPhone 16 Pro under the same conditions. In this case, the only difference is that it is reserved for customers with salaries over 2,500 euros per month.

Requirements to Access Banco Santander's Promotion

To benefit from this offer, Banco Santander has established some conditions that customers must meet during the 36 months of the contract. It is necessary to direct deposit a salary or pension of at least 1,200 euros and have two monthly direct debits in the account.

Additionally, the bank requires the activation of Bizum linked to the account. At least one monthly transaction with the credit card must also be made or, failing that, maintain a minimum balance of 1,000 euros in the account.

Each month, Banco Santander charges the customer's account 24.99 euros for the iPhone 16 and 30.99 euros for the iPhone 16 Pro. However, as long as the contract requirements are met, the entity compensates that amount in the same account, meaning that, in practice, the customer pays nothing.

If in any month the conditions are not met, the bank doesn't provide the compensation and the customer must bear the cost of the device. This makes the promotion especially attractive for those with stable incomes who can maintain the required conditions.

One of the advantages of this promotion is that it is not limited to new customers. Any Banco Santander user who doesn't yet have their salary direct deposited can access the offer without restrictions. For those who already operate with the entity but do not have their salary deposited in an account, this may be the perfect opportunity to benefit from an incentive at no additional cost.