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Panacea Financial, a division of Primis Bank, deposit products:
FDIC-Insured – Backed by the full faith and credit of the U.S. Government

BUSINESS
Checking & Savings Accounts

Loans for medical, dental and veterinary practices, business checking and savings accounts for all businesses! Take advantage of free business checking and savings accounts online without the hassle.

FDIC-Insured – Backed by the full faith and credit of the U.S. Government

Banking Made Easy

Savings
Our Panacea Business Savings Account offers an excellent rate at 250x Bank of America’s Business Savings3 – 2.50% APY2.

Checking
Our Panacea Business Checking Account is designed with you in mind with free ATM use nationwide, no overdraft fees, and a custom debit card.

Best of all, our mobile app and online banking provide maximum flexibility and convenience. If you want to speak with us, we’re always available 24 hours a day, 7 days a week.

Business Savings Account - 2.50%

100% Free Business Checking

  • 0.10% APY on balances > $100,000
  • FREE ATM use nationwide1
  • FREE incoming & outgoing wires
  • FREE custom checks
  • FREE custom debit card
  • FREE cashier’s checks & stop payments
  • NO fees

Business Savings

Business Savings Account - 2.50%

Available to all businesses owned by doctors and non-doctors alike!

  • 2.50% APY2 – 250x Bank of America’s Business Savings APY3
  • Open an account with as little as $25
  • Fund your account for free!1
  • FDIC insured4
Business Savings Account - 2.50%

Additional Services

  • Remote deposit – Funds available next day
  • ACH services – Schedule recurring or one-time payments
  • Fraud protection
  • Wire services – Unlimited incoming and outgoing domestic transactions

FAQs

Who is eligible for a business checking and savings account?

Our totally free business checking and savings accounts are available to all businesses! We want to share this product with businesses in every industry!

Where do I get money from an ATM?

With a totally free Panacea Business Checking Account, you can use any ATM in the country, and we'll reimburse you all the fees at the end of your statement cycle. It's totally free!

Where can I use my business debit card?

Our business debit cards are on the VISA Network - accepted by 44 million retailers and in over 200 countries around the world. Take your card everywhere!

How does a Panacea Business Savings Account compare to others?

Panacea Business Savings Accounts differ because of no minimum balance, 24/7 support, FDIC insured and more! Many business savings accounts don’t have high interest rates, but we are committed to offering the best rate to all of our business customers.

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