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Rhode Island's Washington Trust is offering a cool $250 bonus for new business checking accounts. It's a pretty straightforward deal: open a new business checking account with at least $50, and within 90 days, make four deposits or withdrawals via ACH transfer (basically, electronic transfers). After that, they'll deposit the $250 into an interest-bearing account of your choice within 30 days.
Why should you care? Well, a quick $250 is nothing to sneeze at, especially if you have a side hustle or small business. The account has no monthly fees, so it's a pretty risk-free way to pad your business's bank account. However, it is worth noting that because the bank is not well-known, a hard or soft pull and ChexSystems report is unknown. Make sure this bonus is right for you before applying. Keep in mind that bank bonuses are considered income and will be reported to the IRS, so you'll need to factor in taxes.
One last thing to consider: the fine print says you have to mention the offer when you open the account. So, don't forget to bring it up! If you're not a business owner, they also have a $200 personal checking bonus available.
Why This Matters for Your Strategy
News in the points-and-miles world moves fast, and promotional changes often have a short window. If this announcement affects a card or program you hold, log into your awardtrail dashboard to check your current benefit usage, bonus progress, and whether a transfer or redemption makes sense right now — before terms change.
As a general rule: transfer points only when you have a specific redemption in mind — transfers are almost always one-way and non-reversible. If you're unsure of the value, check our redemption guides before acting.
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