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Extended Coverage Receiving Banks
Extended Coverage Receiving Banks 316 Financial Extended Coverage Program Receiving Banks ListAs of March 10, 2025Receiving BankFDIC #% of Program DepositsCITY NATIONAL BANK1728112.5%METROPOLITAN COMMERCIAL BANK3469912.5%CITIZENS BANK, N.A.5795712.5%WESTERN ALLIANCE BANK5751212.5%BELL BANK1958112.5%SOFI BANK, N.A.2688112.5%UMPQUA BANK1726612.5%RENASANT BANK1243712.5%Please note the following details of the program:Per 316 Financial Savings Account, 316 Financial will sweep balances over $250,000 (Target Balance) and up to a maximum balance of $2,000,000 (maximum program deposit amount).
FAQs
FAQs Have Questions?FAQs Frequently Asked Questions Am I required to donate money if I open an account with 316 Financial? No, you’re not required to donate—316 Financial takes care of that for you. We tithe 10% of our profits to organizations doing meaningful work, so your everyday banking automatically contributes to uplifting communities. Can I open an account now? Yes you can! Click the link to open an account and start banking with purpose. How did 316 Financial get its name? Our name is inspired by John 3:16, a verse that reflects love, hope, and generosity—principles we believe belong at the heart of banking. How does 316 Financial choose which organizations to support? At 316 Financial, we’re committed to giving with purpose. Our Financial Stewardship Committee meets quarterly to guide how donations are made, ensuring that every dollar goes to causes that reflect His teachings and create lasting impact. We’re laying the groundwork now and will share more details soon—but rest assured, our commitment to giving is thoughtful and principled. Is 316 Financial a bank? 316 Financial is a division of Primis Bank, Member FDIC. That means all of our banking services and deposit accounts are provided by Primis Bank, giving you access to the same trusted security and protections you’d expect from any FDIC-insured financial institution. Is my money safe with 316 Financial? Yes, your money is safe. As a division of Primis Bank, 316 Financial is a Member FDIC, which means your eligible deposits are insured up to $250,000 per depositor, per ownership category. FDIC insurance is automatically applied to your accounts at no cost to you. Plus, our banking platform is protected by advanced security measures to keep your information safe. Will I be able to talk to a real person if I need help? Yes! Our US-based customer care team is available 24/7, and you’ll always speak with real people—no outsourcing, no robots—just dedicated support whenever you need it. Click here to get in touch.
Our Tithing Commitment
Our Tithing Commitment At 316 Financial, we donate 10% of our profits to support nonprofits that reflect His teachings. Your everyday banking helps create lasting, meaningful change. VALUES-BASED GIVING Support uplifting causes with every transaction. OUR TITHING COMMITMENT We donate 10% of our profits to causes that reflect His teachings. How Does it WorkYour everyday banking makes a lasting impact. Use Your Account as Usual Enjoy all the features and benefits you expect—no compromises. Use your account just like any other, whether it’s making everyday purchases, saving for the future, or managing your finances. We Tithe for You We set aside 10% of our profits to support nonprofits and organizations that uplift communities and spread hope. Your banking helps fuel meaningful change without any extra effort on your part. Giving That Keeps Going This isn’t a one-time thing. Every year, we donate 10% of our profits to continue supporting organizations that align with our values—so your impact grows right along with your savings. HOW WE DECIDE Guided by Purpose, Led with Integrity Our Financial Stewardship Committee meets quarterly to guide how donations are made, ensuring every dollar makes a meaningful impact. We're laying the groundwork now and will share more details soon. Rest assured, our commitment to giving is backed by a thoughtful and principled approach. Learn More Play Video Profits with a Purpose THE BANK THAT TITHES Profits with a Purpose It’s true—we donate 10% of our profits to causes that create lasting impact and reflect His teachings. It’s also true that we do this without cutting corners on rewards and service for you. Because at 316 Financial, we believe your money should work for you and for a greater good.
Checking
Rewards Checking Open a 316 Rewards Checking account to enjoy no monthly fees, 1% cash back on debit purchases, free ATM access, and real rewards. 316 Rewards Checking Rewards meet Purpose No monthly fees. Real rewards. Lasting impact. Open an Account No account fees 1% cash back on debit purchases Early direct deposit Free ATM access, nationwide. We refund fees at the end of each statement cycle. No overdraft fees FDIC-insured 24/7 care from real people Free credit monitoring tools Free starter pack of 316 checks Free cashier’s checks Free & Refunded Wires Advanced Fraud Protection Open an Account WHY 316 FINANCIAL? We’re a bank with a greater purpose. You choose your church, your charities, your friends—even your radio station—based on your beliefs and values. Why should your bank be any different? At 316 Financial, we tithe 10% of our profits to causes that uplift communities and create lasting impact, all while delivering the rewards and service you deserve. We’re not like other banks—and that’s on purpose. Our Purpose FAQs BUILT FOR YOUR PROTECTION Security & Peace of Mind With advanced fraud prevention and free credit monitoring tools, you’re protected by cutting-edge systems that keep your money and personal information safe—so you can bank with confidence. A Perfect Pair Grow More with Savings Pair your 316 Rewards Checking with a high-yield savings account that earns an impressive 4.05% annual percentage yield* (APY)—helping you grow your money while keeping everything connected in one easy place. Learn More Info to Know Deposit AccountsDeposit accounts can be opened with as little as $1. These accounts are available online only and are not offered in Puerto Rico or other U.S. territories. Fees for ATM transactions will be refunded to your account the business day your statement cycle ends.RewardsRewards apply to all debit card purchases, but do not include ATM transactions. FeesWe don’t charge fees for account maintenance, overdrafts, or stop payments—no surprises, just honest banking. While we aim to be fee-free, some services, like remote online notary, may have a cost. See our Fee Guide for more information.
Contact Us
Contact Us Faithfully Here, 24/7Whether you need answers, assistance, or just some guidance—our team is ready to help anytime, anywhere. First name Last name Email Phone Subject Message Sharing your number here does not opt you into marketing messages. A representative will only use it to return your call. Other Ways to Get in Touch Phone: 833.316.3167Email: [email protected]316 Financial PO Box 2075, Ashland VA 23005
Disclosures
Disclosures Things You Should Know Disclosures At 316 Financial, we’re all about transparency and we want you to have easy access to our policies and guidelines that impact your finances. We’re sharing information here, but also remember to check within your online banking and mobile app for the most up-to-date information specific to your accounts. Interest Checking Download PDF Rewards Checking Download PDF Savings Download PDF E-sign Disclosure Download PDF Account Terms Check out the truth in savings specific to each product posted to our website.316 Truth in Savings Disclosures316 Interest Checking316 Rewards Checking316 Savings
Extended Coverage Opt Out
Extended Coverage Opt Out Faithfully Here, 24/7316 Financial Extended Coverage Program First name Last name Email Associated with your 316 Financial Accounts Phone Complete the form above to opt out of the 316 Financial Extended Coverage Program. If you have any questions or concerns, please email [email protected].