Company News, ESG

Washington Trust Launches Simply Free Account for Banking Without Overdraft Fees

March 01, 2023

“Washington Trust has always worked closely with our customers to ensure they have the appropriate checking account for their individual needs, and to help them avoid overdraft fees whenever possible,” said Edward O. “Ned” Handy III, Washington Trust Chairman & CEO. “In these challenging economic times, it’s more important than ever to help customers manage their finances and achieve financial wellness—the Simply Free account is our proactive solution.”

Key features of Washington Trust’s Simply Free account include:

  • Checkless account
  • No overdraft fees *payees or merchants may still charge a fee.
  • No monthly fee
  • No minimum balance requirement
  • Debit card
  • Online, mobile, and text banking

“As a community bank, Washington Trust cares deeply about our customers and believes financial literacy is key to economic empowerment,” said Debra A. Gormley, Executive Vice President, Chief Retail Banking Officer. “We offer a full line of financial products, personal service, and money management tools through our Financial Wellness Center to help them achieve their goals.”

For anyone who may be curious about money management, Washington Trust’s Financial Wellness Center is a great place to find everything including best practice articles, calculators, security tips, as well interactive coaching sessions, and even full courses. The Financial Wellness Assessment will help consumers analyze their spending, budgeting, and saving habits so they can set goals that chart a path forward. Whether someone is just starting off, there is debt to tackle, or homeownership is the goal, our digital resource library is a free toolkit to help anyone master their personal finances.

Washington Trust is committed to providing equitable access to capital, housing, banking services, and more for the communities we serve. To learn more about Personal Banking options and to compare accounts, visit

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