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Business Checking

Checking and savings accounts form the foundation of business fiscal operations. Our accounts are designed to maximize your cash flow management.








Checking accounts to maximize cash flow.

Your business depends on banking. From paying bills to receiving payments, our business checking account options offer accounts to fit every stage of your business finances. Whether you are just starting out and need a simple account to pay bills and expenses or if you are looking for an account that earns interest, we’ve got an account to fit your needs.

Washington Trust business checking accounts include:

  • A WTB debit card equipped with EMV technology to help protect you from fraud.
  • 24-hour account access from your computer, phone, or tablet with Business Digital Banking.
  • Check balances, make a transfer, and review transactions through Business Digital Banking or our automated telephone system.
  • eStatements available through your digital banking account.
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Commercial Services Group
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Explore business checking accounts.

Leverage your banking relationship with one of our business checking accounts. We offer both business checking and analyzed business checking account types which can be compared below.

Smart Business Checking
This non-interest earning business checking account is best suited for small-to-medium sized business customers with moderate monthly transaction volume.

Account details:
  • Relationship balance eligible accounts must have the same primary ownership within the same business customer relationship.
  • Easily keep track of finances with Business Digital Banking.
  • Free WTB Business Debit Card.
Monthly service charge:
  • $8 monthly service charge will be waived (or the account will be credited $8 depending on service charges and minimum relationship balance requirements; see Smart Business Checking terms and conditions).

Performance Business Checking
Available only to sole proprietors and qualifying nonprofits with limited transaction activity, Performance Business Checking earns interest on tiered rates. Interest is paid on all collected balances and compounds monthly, letting your funds work harder for you.

Account details:
  • Earns interest.
  • Easily keep track of finances with Business Digital Banking.
  • Prevent overdrafts by using funds transfers from a related savings, money market, checking, or credit line.
  • Free WTB Business Debit Card.
Monthly service charge:
  • $12 monthly service charge is waived if the $5,000 average ledger balance requirement is met.

Find the right account for you.
Click the button to compare our business checking account options.


Business Analyzed Checking
This account is for businesses with special servicing requirements, higher-than-average volumes, and collected balances exceeding $30,000. You can reduce or eliminate monthly service fees with an earnings credit analyzed on a monthly basis.


Small Business Analyzed Checking
This account is for small business customers with limited Commercial Services needs who want the predictability of banking expenses.


Analyzed Commercial Market Fund
An easily accessed high-yielding deposit account, combined with corporate analysis for added value on balances.



















Which account is right for you?

Let's find the right account for your financial needs. Click the button to compare our business checking account options.
Business Checking Accounts
 
Smart Business
Checking Accounts
 Preferred
Business Checking
Summary Best suited for small- to medium-sized business customers with moderate monthly transaction volume. Best suited for sole proprietors and qualifying non-profits with limited transaction activity.
Earns Interest1 No. Yes.2
Available Features
  • Access to Digital Banking services.3
  • Complimentary WTB Business Debit Card.
  • No charge for eStatements.
  • No per item charge for checks, ACH debits, and ACH credits.
  • Images with statement at no additional charge.
  • Access to Digital Banking services.3
  • Complimentary WTB Business Debit Card.
  • No charge for eStatements.
  • Images with statement at no additional charge.
Monthly Base Fee in Service Charge
None if account maintains a $1,000 average ledger relationship balance in a checking, savings, money market, certificate of deposit, or active loan4, otherwise $8.00.

Relationship balance eligible accounts must have the same primary signer within the same business customer relationship.
 None if average ledger balance requirement of $5,000 or more is met during a month, otherwise $12.00.
Other Fees
  • Up to 100 transactions and items deposited (including checks, ACH debits, ACH credits and items deposited) each month at no charge, then $0.25 each regardless of balance kept in account.
  • Up to $5,000 cash can be deposited each month at no charge, then standard charges apply.
  • 50 checks/debits free per month, then $0.25 each.
  • 150 checks deposited free per month, then $0.25 each.


Analyzed Business Checking Accounts
 

 Small Business Analyzed Checking Analyzed Checking Analyzed Commercial Market Fund
Summary Small business customers with commercial services needs who want the predictability in their monthly expenses. For businesses using certain Treasury Management Services and with higher-than-average volumes and collected balances. A high-yielding deposit account, combined with the corporate analysis. For customers with a combined balance of $100,000 in an analyzed checking and a commercial market fund, the market fund may be added to a relationship analysis.
Earns Interest5 No. No. Yes - Tired Rates.6
Included Features
  • Business Digital Banking (Wire and ACH7 Modules)
  • Remote Deposit Capture with one Small Scanner Package (ChecXpress, single feed, drop scanner included)8
  • Fraud Protection Services:
  • ACH Block
  • ACH Positive Pay
  • Reverse Positive Pay
  • ACH Origination7
  • Wire Origination
 A la carte services available. See Commercial Services Price List for more details. A la carte services available. See Commercial Services Price List for more details.
Monthly Base Fee in Service Charge $20.009 (bundled package offer) $12.009 $12.009
Other Fees
  • Per Check / Debit Paid: - First 100 at no charge, after which: $0.18
  • Per Deposit / Mobile Deposit - First 50 at no charge, after which: $0.30
  • Per Check Deposited:
  • WTB item and first 200 transit items: No Charge
  • Non-WTB item: $0.11
  • Canadian item: $0.11
  • ACH Credit - First 200 items at no charge, after which: $0.13
  • Per ACH Debit - First 200 items at no charge, after which: $0.13
  • ACH Origination7:
    • Per file transmission
    • First 8: No charge
    • after: $3.00
  • Per ACH item:
    • first 40: No charge
    • after: $0.13
  • Per Check / Debit Paid: $0.18
  • Per Deposit / Mobile Deposit: $0.30
  • Per Check Deposited:
  • WTB item: $0.10
  • Non-WTB item: $0.11
  • Canadian item: $0.11
  • Per ACH Credit / Debit: $0.13
  • Per Deposited Item returned: No charge
  • Special Handling $10.00 per month minimum.
  • Deposit Coverage: Current Rate
  • Paper Statement Fee: No charge
  • Per Check / Debit Paid: $0.18
  • Per Deposit / Mobile Deposit: $0.30
  • Per Check Deposited:
  • WTB item: $0.10
  • Non-WTB item: $0.11
  • Canadian item: $0.11
  • Per ACH Credit / Debit: $0.13
  • Per Deposited Item Returned: No charge
  • Special Handling $10.00 per month minimum.
  • Deposit Coverage: Current Rate
Charges Offset by Earnings Allowance N/A Yes, premium earnings credit allowance calculated on collected balance. (Allow multiple analyzed checking and money market products to be linked for earnings analysis.) Yes, premium earnings credit allowance calculated on collected balance.
Services Added for an Additional Charge
See Small Business Price List for a comprehensive listing of available services and fees that apply.

Examples:
  • Positive Pay.
  • Payee Positive Pay.
  • Mid Volume RDC.
  • High Volume RDC.
  • Wire Services: Fees vary by type of wire and delivery channel.
See Commercial Services Price List for a comprehensive listing of available services and fees that apply.

Examples:
  • Business Digital. Banking Business. Module.
  • Business Digital Banking ACH Module.
  • Positive Pay.
  • RDC Scanner Packages.
  • Wire Services: Fees vary by type of wire and delivery channel.
See Commercial Services Price List for a comprehensive listing of available services and fees that apply.

Examples:
  • Business Digital.
  • Banking Business Module.
  • Business Digital. Banking ACH Module.
  • Positive Pay.
  • RDC Scanner Packages.
  • Wire Services: Fees vary by type of wire and delivery channel.
























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Important information:
 
  1. Interest is paid on all collected balances and compounded monthly.
  2. Please refer to current rate sheet.
  3. Some mobile service provider fees may apply.
  4. Credit cards are not applicable.
  5. Please refer to current rate sheet.
  6. Interest is paid on all collected balances and compounded monthly, and the rate paid is determined by the tier.
  7. Credit approval required.
  8. Service cancellation within the first 2 years will result in an early cancellation fee of $250.
  9. Certain other expenses may be applied to Analyzed Accounts. Excess earnings allowance on any commercial market fund may be used to offset service charges in the deposit relationship. For more information, call your banker. Charges can be offset with earnings allowance established by the bank and calculated on collected balances. Please refer to the list of Business Banking Account Services Fees and Charges, the Small Business Price list and the Commercial Services Price List for additional fees which may apply to these accounts. Certain other expenses may be applied to Analyzed Accounts. Excess earnings allowance on any commercial market fund may be used to offset service charges in the deposit relationship. For more information, call your banker. Charges can be offset with earnings allowance established by the bank and calculated on collected balances. Please refer to the list of Business Banking Account Services Fees and Charges, the Small Business Price list and the Commercial Services Price List for additional fees which may apply to these accounts.