Final answer:
The statement is false, as Santander can charge NSF or UNA fees if a transaction exceeds the available account balance and the bank either covers the transaction or returns the item unpaid.
Step-by-step explanation:
The statement is false. Santander may assess Non-Sufficient Funds (NSF) or Uncollected Funds (UNA) fees for items that are returned due to insufficient funds in the account. When a customer writes a check or makes a transaction that exceeds the available balance, the bank can either choose to cover the transaction and charge an NSF fee, or it can return the item (such as a check) unpaid, resulting in an NSF or UNA fee. Banks may have different policies and fee structures, and it's important to review the account agreement or contact the bank directly to understand the specific fees that may apply to an account.