Small Business Checking
Checking accounts to help get your business off the ground and keep it growing. Our checking accounts for small businesses are flexible to meet your needs today — and tomorrow.
Checking accounts to meet your growing business needs.
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.
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. 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.
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.
compare aLL business checking accounts
Business Checking Accounts
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Smart Business
Checking Accounts
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Performance Business Checking |
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|---|---|---|
| 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 |
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| 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.
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None if average ledger balance requirement of $5,000 or more is met during a month, otherwise $12.00. |
| Other Fees |
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| 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 |
|
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 |
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| 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:
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See Commercial Services Price List for a comprehensive listing of available services and fees that apply.
Examples:
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See Commercial Services Price List for a comprehensive listing of available services and fees that apply.
Examples:
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Ready to get started?
Connect with an expert.
With more than 40 locations throughout Washington, Idaho, and Oregon, there’s a Washington Trust location near you with a team of bankers ready to serve.
Important information:
- Interest is paid on all collected balances and compounded monthly.
- Please refer to current rate sheet.
- Some mobile service provider fees may apply.
- Credit cards are not applicable.
- Please refer to current rate sheet.
- Interest is paid on all collected balances and compounded monthly, and the rate paid is determined by the tier.
- Credit approval required.
- Service cancellation within the first 2 years will result in an early cancellation fee of $250.
- 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.