STRESS-FREE
Checking & Savings Built For Doctors
Doctors deserve better banking. Panacea delivers with checking and savings accounts designed to support doctors at every career stage, at any time—24/7/365.
Earn over 8x the national average3 on your savings and get a $100 checking bonus5.
7,000+
DOCTORS ON PLATFORM
$1B+
IN LOANS FUNDED
40+ National & State Association Partners
Grow Your Money 8x Faster3
Reach your savings goals faster with 3.15% APY,2 over 8x the national average.3 No minimum balances after account opening, because early-career salaries shouldn’t be penalized.
Build your emergency fund during training, when you need it most.
Save for your next career move, like relocation, fellowship, or a new role.
Plan for big milestones, such as practice ownership, homebuying, or growing your family.
Get $100 When You Open A Checking Account5
Open a checking account in minutes and get $100 when you set up qualifying direct deposits.5 Built for doctors with unpredictable schedules. Connected to the rest of your financial life.
- Bank around your schedule, even with long shifts and irregular pay.
- Get support whenever you need it – 24/7/365.
- All-in-one doctor financial platform, from checking to personal lending and practice financing.
One Platform For Your Complete Financial Life As A Doctor
Your deposit account is just the beginning. Panacea connects everyday banking to doctor-specific personal loans, practice finance, and contract review — all in one place.
From school through retirement, join the financial platform that understands your career and can help you save for your next big purchase, relocate for residency, or open your first practice.
Built For Every Stage Of Your Career
In School & In Training
No hidden fees, no minimums after account opening, and no stress, so you can focus on building the career and life you dreamed of.
Starting Your Career
Your first real paycheck deserves a platform that grows with you, from landing your first post-training job to opening your first practice.
In Practice
One platform for your complete financial life. Build your savings, grow your practice, and build the financial security you worked so hard for.
Built For Your Entire Career As A Doctor
From your first deposit to your biggest financial decisions, Panacea is the only platform designed to support doctors at every stage. We understand how delayed earnings, significant student debt, and irregular schedules can impact your finances because we’re doctors, too.


FAQs
Can I open a checking and/or savings account while in school or training?
Yes, Panacea Checking and Savings Accounts can be opened at any point in your career as a doctor, from medical, dental, or veterinary school through retirement.
How long does it take to open an account?
Our application process takes just 8 minutes, and we can have your account open and funded in as little as one business day. Start using your account today!
Do I need to close my current bank account to open one at Panacea Financial?
No, you don’t have to close your existing bank account to open an account at Panacea Financial. You’re welcome to keep your current bank where it is and use it alongside your Panacea account. Opening an account with us simply gives you access to our full suite of products and services; it’s your choice how you want to use it.
Do I have to keep a certain amount in my Panacea Savings Account to get the best rate?
No, the minimum amount to open our online savings account is $25, and you will get our best rate on every dollar in your account, at any amount.
Do Panacea accounts have overdraft protection?
Yes, all of our accounts come with free overdraft protection.
Are my deposits insured by the FDIC?
Yes, your deposits are FDIC insured up to $250,000, per depositor, per ownership category. We are a division of Primis, a state chartered and publicly traded institution. Member FDIC.
Banking services are provided by Panacea Financial, a division of Primis Bank, Member FDIC. Deposits at Panacea Financial, Primis Bank, and any of its divisions, brands or affiliates are aggregated to determine FDIC insurance coverage.
Have more than $250,000? Insure up to $125 million per tax ID through our high-balance deposits protection offering. Learn more »
How do deposits connect to Panacea Financial’s loans?
If you have a loan with Panacea, banking with us can provide added benefits. Customers who set up automatic loan payments from a Panacea account may be eligible for discounts, depending on the loan product. Plus, you can manage both your loan and deposit accounts in one convenient app, making it easier to track your full financial life in one place.