Commercial Banking

Business Checking Accounts at Washington Trust

Our business checking accounts are designed for a range of account activity levels and balances.

Person paying billsTo choose the account that best complements your financial needs, there are two key factors to consider: how many checking account transactions you make each statement cycle, and the average balance that you carry in your account

Account Type Benefits
 Small Business Checking
Perfect account for sole proprietors
  • $50.00 minimum to open the account
  • No monthly fees
  • No charge for the first 75 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
  • Excess transaction fee of $.35 for each transaction in excess of 75 during a statement cycle. Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
 Business Relationship Checking I
For businesses with low account activity
  • $50.00 minimum to open the account
  • No charge for the first 200 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
  • Flat fee of $10.00 per month, waived if a $ $5,000 monthly combined checking, savings & loan balances under same TIN
  • Excess transaction fee of $.35 for each transaction in excess of 200 during a statement cycle
  • Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
 Business Relationship Checking II
For businesses with moderate account activity
  • $50.00 minimum to open the account
  • No charge for the first 300 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
  • Flat fee of $15.00 per month, waived if a $25,000 monthly combined checking, savings & loan balances under same TIN
  • Excess transaction fee of $.35 for each transaction in excess of 300 during a statement cycle
  • Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
 Business Relationship Checking III
For businesses with high account activity
  • $50.00 minimum to open the account
  • No charge for the first 600 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
  • Flat fee of $40.00 per month, waived if a $50,000 monthly combined checking, savings & loan balances under same TIN
  • Excess transaction fee of $.35 for each transaction in excess of 600 during a statement cycle. Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
 Business Checking
For businesses with high volume activity including cash management services.
  • $20.00 monthly service charge fee
  • $1.00 fee for each credit or deposit
  • $.24 fee for each check or charge
  • $.15 fee for each item deposited
  • $.25 fee per ACH debit/credit
  • Earnings credit allowance (based on a variable rate) is calculated on the average monthly collected balance and is used to offset the monthly service charge fees
 Non-Profit Checking
An economical account for non-profit organizations.
  • Free checking
  • $50.00 minimum balance to open an account
  • No charge for the first 200 transactions, including checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
  • Excess transaction fee of $.35 for each transaction in excess of 200 during a statement cycle
  • Transactions include checks paid, ACH debits/credits, ATM/debit card activity, deposits, and deposited items
 Attorney’s Preferred IOLTA
Free account to manage your clients' large settlement checks, fees advanced for services not yet performed, or money to pay court fees.
  • No minimum balance requirement
  • Free domestic and foreign wire transfers
  • Interest paid to the Rhode Island or Connecticut Bar Association
Person using an ATM

Debit BusinessCard®

Looking for an easy, convenient way to pay for day-to-day expenses while simplifying business expense tracking?Add a Washington Trust Debit BusinessCard® to your checking account.

Applying for a Business Checking Account is easy! Call us today at (800) 475-2265 to get started or visit us at one of our branch locations.


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