BOSTON, April 25, 2017 /PRNewswire/ -- Santander Bank has
unveiled a new expedited loan approvals process for existing
customers called "Two Days to Fund." The new process allows
customers to sign personal loan and line of credit closing
documents electronically from home, without visiting a branch, and
receive their funds in as little as two days.
"At Santander, we're committed to making our customers' lives
easier," said Michael Cleary,
Santander's Head of Consumer and Business Banking. "This new
initiative simplifies the loan application process considerably for
qualifying customers, reducing the time it takes to get a loan from
twenty or more days to as few as two days and replacing the
existing paper-based, in-branch loan closing process for personal
loans and personal lines of credit."
For Santander's eligible checking account customers, "Two Days
to Fund" gives them the option to sign closing documents
electronically for personal loans and lines of credit of
$35,000 or less anytime, anywhere on
any device via email using DocuSign's® secure software application.
Customers with an existing Santander checking account, who meet our
credit criteria and can provide a valid email address at the time
of application, are eligible for "Two Days to Fund." Santander is
working to expand the program so more customers will have the
option of signing loan documents remotely, without visiting a
branch.
With a focus on improving the customer experience, Santander
continues to launch initiatives designed to make banking
effortless. The Bank recently introduced Apple Pay, giving
customers a fast, convenient and secure way to make payments at
participating merchants using their Apple devices. In recent
months, Santander has also expanded its mobile platform,
implementing user-friendly upgrades and adding more desirable
features that make it easier to navigate. The redesigned consumer
app offers new functionality for retail customers, including a
mobile check deposit feature and a fingerprint login option for
customers with Touch ID technology on their mobile devices.
Santander also launched an entirely new self-service mobile
app in November 2016 exclusively for
the benefit of its small business customers.
Santander Bank, N.A. is one of the country's
largest retail and commercial banks with more than $83 billion in assets. With its corporate offices
in Boston, the Bank's 9,500
employees, 675 branches, 2,100 ATMs and 2.1 million customers are
principally located in Massachusetts, New
Hampshire, Connecticut,
Rhode Island, New York, New
Jersey, Pennsylvania and
Delaware. The Bank is a
wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN)
- one of the most respected banking groups in the world with more
than 125 million customers in the U.S., Europe, and Latin
America. It is managed by Santander Holdings USA, Inc., Banco Santander's intermediate
holding company in the U.S. For more information on Santander Bank, please visit
www.santanderbank.com.
Media Contact:
Nancy Orlando
617-757-5765
nancy.orlando@santander.us
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SOURCE Santander Bank, N.A.