Student Checking

¹ Minors are required to be the primary account holder and must have a joint owner on the account that is 18 years of age or older. A monthly fee (maintenance service charge fee) of $5.00 will be imposed each statement period if the primary account holder is 23 years of age or older. We may decline or return transactions that would result in an overdraft. Payees or merchants may still charge a fee. In some instances, transactions that you make may cause your account to overdraw but we will not assess your account with an overdraft fee. For example, if the transaction is initially approved for an amount lower than the actual charge. Rewards may be subject to 1099 reporting. Consult your tax advisor.

² $200 Bonus Offer: Annual Percentage Yield (APY) effective as of February 27, 2024, and may vary after account opening. Student Checking under $5,000 APY is 0.00%, $5,000 and over is 0.01%;. Customer must open a new consumer checking account with funds from sources other than Washington Trust. Two direct deposits from payroll, social security, pension, or other government benefits are required within 90 calendar days of the account opening date. Deposits received from Person-to-Person (P2P) services do not qualify e.g., Venmo®, Pay Pal®, etc. After the second direct deposit has been credited to your account, Washington Trust will make a $200.00 deposit within 30 calendar days. For additional information, please refer to the Consumer Terms and Conditions of your account. Minimum balance to open account is $25. Limited to one cash deposit bonus per tax reported owner per account. Not available to customers who received a cash deposit bonus on a previous Washington Trust account within the last two years of this account opening date. Offer is for a limited time and may be withdrawn at any time. Subject to 1099 reporting. Fees may reduce earnings.

³ Financial wellness incentives are subject to change and may be withdrawn at any time. One reward per tax reported owner for account per challenge. Requirements to qualify for each incentive will be available at washtrust.com/studentchecking. In order to complete the challenge and receive the reward, student checking account holder must create an account with Washington Trust’s third party Financial Wellness Center partner, Banzai, through https://studentcheckingwashtrust.banzai.org. Email address required to sign up for challenges must match email address associated with tax reported owner. After the requirements to receive the reward have been met, the redemption code to redeem the eGift Card will be sent to the email address associated with tax reported owner of the Student Checking account within 30 calendar days. May be subject to 1099 reporting.

Disclosures - the legal stuff you need to know.