Washington Savings Bank Promotions: $300 Checking Bonus [MA] – Ends 3/31/23

Get updated promotions and bonuses from Washington Savings Bank (washingtonsavings.com) here. Typical offers are for $100 to $300 in cash.

Update 3/8/23: The offer was extended through 3/31/23.

Established in 1892, Washington Savings Bank has 2 branches in the Massachusetts area.

READ MORE: GET TOP BONUSES FROM CHASE, AXOS, BANK OF AMERICA AND BMO.

Rates aren’t great with Washington Savings Bank. You’ll find better Savings rates here and better CD rates here.

I’ll review the current promotions below.

Washington Savings Bank $300 Checking Bonus

• What you’ll get: $300
• Where it’s available: MA
• How to earn it: Open a new checking account and receive qualifying direct deposits totaling $1000 or more within 30 days of account opening.
• When it expires: 12/31/2022 3/31/2023

Waive The Monthly Fee

Both the Cash Rewards Checking and Interest Rewards Checking accounts have no monthly fees.

Fine Print

• 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. 
• 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.

Bottom Line

This offer is quite limited. It’s only available in Massachusetts and there are only 2 branch locations. Still, $300 is a pretty nice value if you can meet the direct deposit requirements.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.