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Earn up to $20 per month with free checking that pays you for every signature debit card purchase.

Key Features

  • Up to $20 Monthly Cash Back on Debit Card Purchases
  • Free Account
  • No Monthly Service Fees
  • Get $300 - - (Lowell & Dracut residents only) receive qualifying direct deposits of $1000 or more within 30 days*
  • Free checking that pays you for using your debit card
  • Earn up to 20¢ for every signature debit card purchase to a maximum of $20 per month
  • Free payroll cash checking (up to $750 per payroll check)
  • Free basic check order per year
  • No monthly service fees
  • Unlimited check writing
  • Automatically receive Loyalty Rewards with higher combined deposit and loan balances
  • Free digital banking services, including:
    • Free online banking & bill pay
    • Free mobile banking with mobile deposit
    • Free eStatements
  • Free Cash Rewards Mastercard® EMV debit card with ID Theft Monitoring
  • Nationwide surcharge-free ATMs via the Allpoint® network
  • $10 minimum deposit to open

How to Earn Your Cash Rewards

Every time you use your debit card as a signature purchase, you earn a cash reward. The amount of each cash reward increases with additional accounts you have with the bank.

  • Cash Rewards Checking: 7¢
  • Savings Account with Direct Deposit: 3¢
  • Loan of at least $5,000: 10¢
  • Total possible with every debit purchase: 20¢

Welcome Kit!

 

*Offer is intended for new qualifying direct deposits on a new or existing Cash Rewards Checking or Interest Rewards Checking account for customers having their primary residence in Lowell MA or Dracut MA. A qualifying direct deposit is a recurring direct deposit of a paycheck, pension, Social Security, or other eligible regular monthly income electronically deposited by an employer or outside agency. Direct deposits via ATM, online, teller deposits, P2P services like Paypal or a transfer from a bank or brokerage account do not qualify. Customer will receive a $300 deposit into their account within 30 days from redeeming a "$300 Claim Form" and verification of eligibility.  Offer expires December 31, 2022. Washington Savings Bank may change or discontinue this offer at any time before this date without notice. One $300 offer per customer, per household, per account. Offers cannot be combined. Services must be activated after 08/15/2022. Member FDIC. Member DIF.

Yeah, it's a "free account," but you may do some other stuff that could cause a fee.

Description

Fee

Stop Payment Fee
(For paper checks or electronic withdrawals)

$30

Overdraft/NSF Fee
(We know, this is a sensitive one and we try to be generous in forgiving first time offenders and honest mistakes if you call and explain the situation to us. Plus, we won't charge a fee if the purchase or resulting overdraft is $10.00 or less)

$30

Surcharge ATM Fee
(We don't charge these fees; the owners of other ATMs charge them for using their machine. Cash Rewards Checking customers can use more than 50,000 surcharge-free Allpoint® ATMs, nationwide. Check out the convenient tool to locate Allpoint machines near your home and work.)

Varies

Foreign ATM Fee
(This is the fee we charge when an ATM transaction is processed on a machine we don't own. Cash Reward Checking accounts get 3 free per month, so use the freebies with the Allpoint network and you won't have any ATM fees!)

3 free per month then $1.25

Returned Deposit Item
(This is a check that deposited into your account and then was returned to the bank for lack of funds — bounced!)

$7.00