Posted by William Charles on September 18, 2018
Bank Account Bonuses

Published on September 18th, 2018 | by William Charles

21

[RI] Washington Trust $300 Checking Bonus

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: RI. Looks like they have locates in MA & CT but they aren’t banking locations.
  • Direct deposit required: Yes, no minimum specified must be recurring
  • Additional requirements: Pay three different bills
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown, sensitive
  • Credit card funding: Yes at least $2,000.
  • Monthly fees: None
  • Early account termination fee: $100, 3 months
  • Household limit: None listed
  • Expiration date: None listed

The Offer

Direct link to offer

  • Washington Trust is offering a bonus of $300 when you open a new free checking account. Bonus is broken down as follows:
    • $150 when you receive a qualifying direct deposit, no minimum specified must be recurring
    • $150 when you pay three different bills online

The Fine Print

  • To receive the full $300 offer, it requires recurring payroll or social security direct deposit (one-time transfers do not qualify) and three different bill payee transactions within the first three months of account opening (payments through apps such as Paypal, Zelle and Venmo do not qualify).
  • $150 will be credited to account when the first direct deposit is made.
  • $150 will be credited to account when the first three different bill payee transactions are processed.
  • Freedom Checking offer available for new accounts with funds from sources other than Washington Trust.
  • Minimum balance to open account is $50.  A $100 early account closing service fee will be charged if the account is closed within the first three months. Fees may reduce earnings. .
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

If the account is closed within the first three months a $100 ETF will be charged

Our Verdict

Nice big bonus, we need to know if it’s a soft pull and if you can fund it with a credit card. If you have any experience with this bank then please share your experiences in the comments below. I won’t be adding it to the best checking bonuses until we know more.

Useful posts regarding bank bonuses:



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Dan
Dan

MA zip code does not seem to work. at least the one i tried (Boston area)

Eddy Cue
Eddy Cue

Same here. I tried my local zip code, it didnt work. I tried the zip code of their local branches – also didnt work. I tried to connect with them via chat but no luck so far. Beginning to be suspicious of this bank. Maybe they havent “switched” it on

Zack
Zack

Looks like all the “locations” in Massachusetts are mortgage locations and not banking centers, I’m assuming that’s why no MA zip codes work. I even tried the Burlington zip where it says theres a location and nothing doing.

Dan
Dan

Ya so then i tried a providence zip code and got to the app. and in the actual app it does allow you to select MA CT RI address only (and there is a driver’s license field that only allows MA CT RI license)

Sa
Sa

but if you proceed like that, what warranties do you have it will work?

Mlkdecow07
Mlkdecow07

No good for Hartford, CT – zip doesn’t qualify

TG
TG

CT zip didn’t work. Tried a RI zip and was able to get to the next page. Hopefully they enable CT zips to be done online!

“You have attempted to submit an online application. We are unable to receive your online application from the zip code you specified. Please call one of our customer service representatives at 1-800-475-2265 for further assistance.”

Avi
Avi

No go for eastern CT zip code (CT/RI border).

Sg Fm
Sg Fm

It looks like the actual “banking” branches are all located in just RI.

Christian
Christian

I tried my work zip code in Boston and my home zip code in Taunton, MA and neither worked.

Max
Max

Check the map. https://www.washtrust.com/About-Us/Locations

All the MA locations do not have banking services. All the locations with banking services are either in RI or the border of CT.

Peek
Peek

Yeah sadly this is not a MA offer. This is primarily RI.

beyourowndp
beyourowndp

Just applied w/ RI zip, attempting to fund $1,000 via Fidelity Visa. Will post back if/when I’m approved and the charge posts.

Kevin Nguyen
Kevin Nguyen

Applied using random RI branch zipcode. MA Resident. Funded $2000 from Fidelity Rewards Visa. Will update!

Avi
Avi

Any update yet? Did it go through?

Kevin Nguyen
Kevin Nguyen

Received denial letter in the mail on 9/24 due to Chex.

Mark
Mark

Chex Systems sensitive. I was able to complete the application, but the account opening was denied.

“NOTICE OF ACTION BASED ON INFORMATION CONTAINED IN A CONSUMER REPORT
We regret we cannot open your account today due to information received from ChexSystems, Inc., a consumer-reporting agency. ChexSystems did not make the decision to disapprove your account application and is unable to provide you with specific reasons why the decision was made.”

Jay
Jay

Applied (MA Resident) and got denied due to Chex.
Bank is Chex sensitive.

Doggo
Doggo

denied based on chex. CT resident, applied using RI zip code online.

Dave
Dave

Live in RI, denied due to Chex info.
My stats are 15 in 24

0 to 6 Months 8
6 to 12 Months 1
12 to 24 Months 6

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