Offer at a glance
- Maximum bonus amount: $250
- Availability: RI
- Direct deposit required: Direct deposit not required
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown, sensitive
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- Washington Trust is offering a $250 bonus when you open a new business checking account and complete the following requirements:
- Four (4) deposits or withdrawals credited/debited to the newly established Business Checking account with sources labelled as an ACH are required within ninety (90) calendar days of the account opening date
The Fine Print
- Offer is subject to change and may be withdrawn at any time.
- Subject to 1099 reporting.
- Fees may reduce earnings.
- Member FDIC.
- Must open a new Business Checking Account with funds from sources other than Washington Trust.
- Minimum to open account is $50. Four (4) deposits or withdrawals credited/debited to the newly established Business Checking account with sources labelled as an ACH are required within ninety (90) calendar days of the account opening date. After the fourth deposit/withdrawal has been credited/debited from the Business Checking Account, Washington Trust will make a $250.00 deposit into an interest-bearing Business or Consumer Account of your choice within thirty (30) calendar days.
- Additional terms and conditions apply.
- Must mention offer at time of account opening.
- 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
Early Account Termination Fee
I wasn’t able to find the fee schedule so unsure if there is any EATF or not.
Our Verdict
Don’t know anything about this bank or bonus, so please share your experiences in the comments below. There is also a $200 personal checking bonus.
Hat tip to ShawntheShawn
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