Available in select New England states, The Washington Trust Company is offering a $200 welcome bonus when you open a new personal checking account and set up direct deposit. The direct deposit threshold isn't specified, which leads us to believe that any amount will do, making this offer extremely obtainable.
What's more? You can refer friends and earn an additional $50 for each one, up to $300 annually, once you are a customer.
How To Earn The Bonus
The Washington Trust Company Personal Checking promotion requires you to set up eligible direct deposits in order to earn the $200 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Deposits from PayPal®, Venmo®, and Zelle® do not qualify.
- Limited to one cash deposit bonus per tax reported owner per account.
- Not available to customers who received a cash deposit bonus on a previous Washington Trust account within the last two years of account opening date.
- Not available to customers who received a cash deposit bonus on a previous Washington Trust account within the last two years of this account opening date.
Open a Personal Checking account before the bonus expires
How does this personal checking offer from Washington Trust Company compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Truist
Truist One Checking
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 39 days
- Requires
- Direct Deposit
BMO
Personal Checking
- Bonus
- $350*
- Account Type
- Personal Checking
- Expires In
- 41 days
- Requires
- Direct Deposit
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 100 days
- Requires
- Direct Deposit
Why Washington Trust Company?
Freedom Checking
Get free ATM use, online banking with text alerts, and discounts on lines of credit, all at no charge.Fees
Freedom Checking does not charge a monthly maintenance fee.
Student Checking
With Student Checking, there are no overdraft fees or minimum balances, and there's no monthly fee if you're under 23! Applicants under 18 will need an adult co-signer.
As an added perk, as part of their Financial Wellness Center, when you participate in their pop-up Financial Fitness Challenges, you can earn a $10 eGift card.
Fees
Student Checking does charge a monthly maintenance fee of $5, but there are ways to get this waived:
- Be under 23
Freedom Ultra Checking
This is a great account if you want the best rates on CDs, higher debit card limits, ATM fee rebates, preferred rates on loans, and more. To get all that though you need to maintain a fairly high balance in your checking account.Fees
Freedom Ultra Checking does charge a monthly maintenance fee of $25, but there are ways to get this waived:
- Maintain a minimum balance of $15,000
Simply Free Checking
Simply Free is Washington Trust Company's basic free checking account. It is important to note as well that this is a checkless account.Fees
Simply Free Checking does not charge a monthly maintenance fee.
Apply now for a Personal Checking account to earn the $200 bonus offer
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