Washington Trust Offer

Bonus Details

$200 bonus

How To Qualify

Open a new checking account with at least $25 from outside Washington Trust and use code PLUS200 at opening. Receive two payroll, Social Security, pension or other government benefit direct deposits within 90 days. You are ineligible if you received a Washington Trust account cash bonus within the previous two years.

APY Details

Simply Free Checking earns 0.01% APY on balances of $5,000 or more and 0.00% below $5,000. Rates effective August 17, 2026, and may change after opening.

The Fine Print

Monthly Fees: None
Credit Inquiry: Soft Pull or Hard Pull
Household Limit: Not listed
Account Type: Personal Bank Account
Expiration Date: None Listed
Availability: Rhode Island, Connecticut

Monthly Fee Details

Simply Free Checking has no monthly fee or ongoing minimum balance requirement; other checking accounts have different fees and waiver conditions.

Early Account Closure Fee

Not listed

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

With our Simply Free checkless account, you’re free from bank overdraft fees, monthly fees, and minimum balances. Must mention offer at time of account opening. Customer must open a new consumer checking account with funds from sources other than Washington Trust and use promo code “PLUS200”. Two direct deposits from payroll, social security, pension, or other government benefits are required within 90 calendar days of the account opening date. Deposits received from Zelle® services do not qualify e.g., Venmo®, PayPal®, etc. After the second direct deposit has been credited to your account, Washington Trust will make a $200.00 deposit within 30 calendar days. Minimum balance to open account is $25. 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 this account opening date. Offer is for a limited time and may be withdrawn at any time. Freedom Checking: under $5,000 APY is 0.00%, $5,000 and over is 0.01%; Simply Free Checking under $5,000 APY is 0.00%, $5,000 and over is 0.01%; Student Checking under $5,000 APY is 0.00%, $5,000 and over is 0.01%; Freedom Plus Checking: under $1,500 APY is 0.00%, $1,500 and over is 0.05%; Freedom Ultra Checking: under $1,500 APY is 0.00%, $1,500 and over is 0.10%.