Radius Bank Partners with March of Dimes to Unveil Innovative New Banking Product: Superhero Checking

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Nationally-recognized virtual bank pledges support to the nonprofit through matching and donations

Through the matching of interest earned on deposit balances and donations based on debit card spending over the two-year partnership, Radius Bank pledges support to March of Dimes and the superheroes who wear invisible capes every day.

Radius Bank, an industry-leading virtual bank, today announced its national partnership with March of Dimes, a nonprofit organization that leads the fight for the health of all moms and babies. With this partnership, Radius Bank is unveiling its newest personal deposit account, Superhero Checking, named in honor of parents and guardians who, in the face of fear, emerge stronger than ever. Through the matching of interest earned on deposit balances and donations based on debit card spending over the two-year partnership, Radius Bank pledges support to March of Dimes and the superheroes who wear invisible capes every day.

This new strategic partnership shows Radius Bank’s commitment to developing products that suit the banking needs of every individual. Charitable giving reached record levels in 2017, with consumers accounting for 70 percent of donations, according to Giving USA’s 2018 Annual Report on Philanthropy. Superhero Checking not only adds to the arsenal of Radius Bank’s products but also is ideal for anyone looking to give back by supporting healthy families. Second to its charitable component, the account offers innovative digital banking features, including person-to-person payments, a financial dashboard for money management and an upgraded user experience coming in late October 2018.

For 80 years, March of Dimes has addressed some of the biggest health threats to moms and babies. From advocacy to education to research, March of Dimes is working to level the playing field so that all moms and babies are healthy. This partnership will simplify consumer charitable contributions and make the future brighter for us all.

“We are honored to partner with March of Dimes by adding a convenient, new banking option designed to give back to an organization that means so much to us,” said Mike Butler, President & CEO of Radius Bank. “Through conversations with our clients, we have learned how important charitable giving is to them. So, we designed a product that allows them to make a difference by rewarding the banking activities they already do every day, such as saving and spending. We are excited to offer the Superhero Checking account to support an organization leading the fight for the health of all moms and babies, one dollar at a time.”

Superhero Checking is now available online to all consumers nationwide. The newest and most charitable product in the Radius Bank suite offers the following benefits:

  • 1% of every signature-based dollar spent on the debit card is donated to March of Dimes on behalf of the account holder by Radius Bank
  • Each dollar of interest earned will be matched by Radius and donated to March of Dimes
  • 0.50% APY on balances over $2,500
  • Unlimited ATM rebates worldwide
  • No minimum balance requirement or monthly fees

“Every baby deserves the best possible start but not all babies get one. Nearly half a million babies in the U.S. are born prematurely or with birth defects each year,” said DJ Hampton, Senior Vice President & Chief Development Officer of March of Dimes. “By partnering with Radius Bank, we are able to offer consumers a simple way to help support moms and babies. Each transaction with Radius Bank’s Superhero Checking account brings us a step closer to our goal of helping every mom and every baby born in the U.S, making the future brighter for us all.”

This November, March of Dimes will bring together families, partners like Radius Bank, and advocates to take action during Prematurity Awareness Month to raise awareness of and support for the 15 million babies affected by preterm birth each year around the world.

During the month and on annual World Prematurity Day, November 17, March of Dimes and its partners will celebrate families through events large and small, share inspiring stories and raise funds for lifesaving research and community-based programs to give every baby the best possible start. Landmarks and buildings throughout the U.S. are scheduled to be bathed in purple lights during Prematurity Awareness Month, including the Empire State Building in New York City, literally shining a light on the challenge of preterm birth.

To learn more about the Radius Bank and March of Dimes partnership and to sign up for the Superhero Checking account, visit http://www.radiusbank.com/personal/superhero-checking.

About Radius Bank
With assets of approximately $1.2 billion, Radius Bank is a forward-thinking community bank offering a full complement of leading-edge personal and business products and services. The Bank serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients. The Bank’s award-winning virtual banking platform allows clients to bank from anywhere with a computer or mobile device. Convenient features like check deposit, bill pay, person-to-person (P2P) payments and card management are all available to personal clients, with advanced treasury management and loan payments solutions available for business clients. Radius also partners with innovative fintech companies including mobile payments leader LevelUp and online marketplace lender Prosper to provide additional valuable services to its client base. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank's website at http://www.radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.

About March of Dimes
March of Dimes leads the fight for the health of all moms and babies. We support research, lead programs and provide education and advocacy so that every baby can have the best possible start. Building on a successful 80-year legacy of impact and innovation, we empower every mom and every family. Visit http://www.marchofdimes.org or http://www.nacersano.org for more information. Visit http://www.shareyourstory.org for comfort and support. Find us on Facebook and follow us on Instagram and Twitter.

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Sarah Sturba
Matter Communications
+1 (401) 432-6503
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Kathleen Barrett
Radius Bank
(617) 728-7318
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