When it comes to business checking, Washington Trust makes it easy to be smart about choosing the account that will work best for you. Our business checking accounts are designed for a range of account activity levels and balances. Just look for the account that will best meet your company’s banking needs.

Choose the right account for your business:

Account Type
Features

Small Business Checking

Perfect account for sole proprietors
  • $0 maintenance fee checking
  • $50.00 minimum to open the account
  • No charge for the first 100 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 100 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

Non-Profit Checking

A cost-effective account for non-profit organizations.
  • $0 maintenance fee 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