What makes this bank offer different
This bank offer is best compared on fee exposure, balance requirements, and how long the account must remain open after payout.
Bank
316 Financial Savings Bonus — Up to $250 + $50
Apply to 316 Financial Savings Bonus and earn up to $300 in combined sign-up and referral bonuses.
Bonus Tiers
| Deposit | Bonus |
|---|---|
| $5,000 | $250 |
Hold Period
150 days
Qualifying Period
within 150 days of account opening
Payout
After the 150-day balance requirement is met in the following statement cycle
Requirements
- ✓Maintain average daily balance of $5,000 or more for 150 consecutive days
- ✓Open new 316 Savings account
- ✓Maintain minimum $5,000 average daily balance for 150 consecutive days
- ✓Fund account with at least $5,000 within 20 days of opening
- ✓Open new 316 Savings account with promo code ALEX
- ✓Deposit and maintain average daily balance of $5,000 or more for 150 consecutive days
- ✓Account must remain open and in good standing
- ✓Open new 316 Savings account with code ALEX
- ✓Fund account with at least $5,000 within 20 days of account opening
Restrictions
- ⚠New customers only
- ⚠No prior account with Primis Bank or its divisions
- ⚠Limit one promotional bonus per person and per account
- ⚠Account must be opened using promotional code ALEX
- ⚠Account must remain open and in good standing
- ⚠Cannot have existing or prior account with Primis Bank or its divisions
- ⚠One bonus per person per account
- ⚠No prior account with Primis Bank or any of its divisions
- ⚠One promotional bonus per person and per account
- ⚠No existing or prior account with Primis Bank or its divisions
- ⚠Customers who have previously received a promotional bonus from Primis Bank or any of its divisions are not eligible
- ⚠Account must remain open and in good standing to receive bonus
Fees
- $0 monthly fee
- $0 monthly account fee
- If account is closed, restricted, or not in good standing prior to bonus being credited, bonus may be forfeited
- Bonus treated as income/interest and subject to tax reporting on 1099-INT if over $10
- Promotional bonus will be forfeited if account closed or not in good standing before bonus posts
- Bonus is reportable as income/interest on 1099-INT if over $10
- Promotional credit may be reported as interest on a 1099-INT if over $10
- Account must be funded with at least $5,000 within 20 days of account opening
- If account is closed, restricted, or not in good standing before bonus is credited, bonus may be forfeited
- Promotional credit may be reported as interest on 1099-INT if over $10
- Division of Primis Bank, Member FDIC
- Account may be opened with as little as $1, but must be funded with at least $5,000 within 20 days and maintained at $5,000 through bonus payout or bonus will be forfeited
- Bonus is paid in the following statement cycle after 150-day requirement is met
- Account must remain open and funded with at least $5,000 at the time of bonus payout, or the bonus will be forfeited
Total potential bonus
$300
Additional Referral Bonus (how it works)
$50
Your 50% share of $100 paid directly by the referrer
View Referral Terms →$250 (sign-up) + $50 (referral) = $300 total
ExpiredOffer expired April 30, 2026
Last updated May 14, 2026
How to evaluate 316 Financial Savings Bonus
Before opening this account, compare the bonus against direct deposit rules, monthly fees, minimum balance requirements, and any clawback period after payout.
Qualification checklist
Timing
- Qualifying period
- within 150 days of account opening
- Payout timeline
- After the 150-day balance requirement is met in the following statement cycle
- Hold period
- 150 days
How to qualify
- Maintain average daily balance of $5,000 or more for 150 consecutive days
- Open new 316 Savings account
- Maintain minimum $5,000 average daily balance for 150 consecutive days
- Fund account with at least $5,000 within 20 days of opening
Common pitfalls
- New customers only
- No prior account with Primis Bank or its divisions
- Limit one promotional bonus per person and per account
- Account must be opened using promotional code ALEX
What makes this offer different
Bonus value versus similar offers
The sign-up bonus is below the current nearby $2,250 median, so the requirements and any referral or portal stack matter more.
Stacking potential
The tracked value can include $250 sign-up bonus, $50 referral share for a total displayed potential of $300. Confirm which apply path you use before assuming every component stacks.
Requirement clarity
Credolix has extracted 4 requirements for this offer, so compare the bonus against the actual steps rather than the headline payout alone.
Frequently Asked Questions
When does 316 Financial Savings Bonus expire?
316 Financial Savings Bonus expires on April 30, 2026.
Can 316 Financial Savings Bonus stack with a referral?
Credolix tracks a referral path for this offer. The displayed user share is $50 based on 50% of the listed referral payout.
How long do I have to qualify for 316 Financial Savings Bonus?
The qualifying period listed for 316 Financial Savings Bonus is within 150 days of account opening.
When does 316 Financial Savings Bonus pay out?
The payout timeline listed for 316 Financial Savings Bonus is After the 150-day balance requirement is met in the following statement cycle.
