Update 4/4/26: Died for a few days but seems to be available again until June 7, 2026. Again I’d sign up ASAP to avoid missing out.
Update 4/1/26: Deal is back but hold period is now 150 days instead of 90. I still think this probably gets pulled early like last time so do it ASAP. Terms now say ‘Customer must not have an existing or prior account with Primis Bank or any of its divisions, including 316 Financial’
Offer at a glance
- Maximum bonus amount:
- Availability: Nationwide
- Direct deposit required: None
- Additional requirements: None
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: No
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: April 30, 2026
The Offer
Direct link to offer
- 316 Financial is offering a $250 bonus when you open a new savings account and complete the following requirements:
- Use promo code ALEX
- Maintain a balance of at least $5,000 in your account for 150 days
The Fine Print
- Open a new 316 Savings account and maintain an average daily balance of $5000 or more for 90 consecutive days, and you’ll receive a $250 savings bonus.
- Accounts opened between February 1, 2026, and April 30, 2026, qualify.
- Bonus paid within 30 days after the 90-day balance requirement is met in the following statement cycle.
- Promotional offer available to new customers only. Limit one promotional bonus per person and per account. Customers who have previously received a promotional bonus from 316 Financial are not eligible for this offer.
- Account must be opened using the promotional code at the time of application and remain open and in good standing to receive the bonus.
- If the account is closed, restricted, or otherwise not in good standing prior to the bonus being credited, the promotional bonus may be forfeited.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Early Account Termination Fee
Our Verdict
Account also earns 4.05% APY and this is competitive with basic savings rates. Unfortunately doesn’t seem like you will be eligible if you’ve done the previous 316 financial checking bonuses. This is a division of Primis bank. I can definitely see this being pulled early so if you’re interested I’d recommend signing up ASAP. Will be added to our best bank account bonus page.
Hat tip to reader snailrock
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
