Washington Trust
Washington Trust Personal Checking $200 Bonus
Washington Trust pays you $200 when you open a new personal checking account with promo code PLUS200 and receive 2 qualifying direct deposits (payroll, Social Security, pension, or other government benefits). Zelle, Venmo, and PayPal deposits do not count. Available in Rhode Island and Connecticut.
- Bonus amount
- $200
- Expires
- Not listed
- Time to complete
- ~90 days
- Bonus deposited in
- ~120 days
- Difficulty
- Easy
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Requirements
Last verified: Oct 2, 2026
Open a personal checking account
Open a new Washington Trust personal checking account with a minimum $25 deposit from a source other than Washington Trust, and mention/use promo code PLUS200 at account opening.
2 direct deposits
Receive 2 direct deposits from payroll, Social Security, pension, or other government benefits within 90 calendar days of account opening. Deposits from Zelle, Venmo, PayPal, and similar P2P services do not qualify.
Washington Trust deposits the $200 within 30 calendar days after the second qualifying direct deposit has posted.
Account Details
Eligibility
Not available to customers who received a Washington Trust cash bonus on a previous account within the last two years.
- Limited to one cash deposit bonus per tax-reported owner per account.
- The bank's own page states no explicit residency rule for the promo itself, but FDIC branch data (cert 23623) shows all 30 offices in RI and CT only, so this is treated as regional to those two states.
Tips & Gotchas
- →Only payroll, Social Security, pension, or other government-benefit direct deposits qualify -- Zelle, Venmo, and PayPal deposits are explicitly excluded.
- →Not available if you received a Washington Trust cash bonus on a previous account within the last two years.
- →Doctor of Credit's post for this bank describes an older $150+$150 direct-deposit-plus-3-bill-pay structure. The bank's own page currently shows a simpler $200-for-2-direct-deposits structure under code PLUS200 -- that is what's listed here.
- →The application (newaccount.washtrust.com) doesn't show the bonus terms itself, so use the link above -- it goes to the bank's own offer page confirming the $200 before you apply.
Can You Earn This Bonus Again?
Fine Print
Must mention offer at time of account opening and use promo code PLUS200. 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 account opening; Zelle-service deposits (e.g. Venmo, PayPal) do not qualify. After the second direct deposit posts, Washington Trust deposits $200 within 30 calendar days. Minimum balance to open 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 account within the last two years. Subject to 1099 reporting. Offer is for a limited time and may be withdrawn at any time.
Taxable income · Reported on 1099-INT
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
Does Zelle Count as Direct Deposit for Bank Bonuses?
Usually no. At most banks a Zelle payment arrives coded as peer-to-peer and will not trigger the bonus. Citi is the clear exception. Its Enhanced Direct Deposit terms name Zelle as a qualifying deposit, and every Zelle report we have from Citi got paid.
What is rechurning?
Opening an account at the same bank again after a waiting period to earn the bonus a second (or third) time.
Also see: this month's best bank bonuses and community DD data points.
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