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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.

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Banking Made Easy

Savings
Our Panacea Business Savings Account offers an excellent rate at 9x the national average3 – 3.00% 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.

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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
Apply Now

Business Savings

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

  • 3.00% APY2 – 9x the national average
  • Open an account with as little as $25
  • Fund your account for free!1
  • FDIC insured4
Apply Now

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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Panacea Financial Holdings partners with Primis Bank, Member FDIC, to deliver banking services through its Panacea Financial Division.

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External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by Panacea Financial. Links are provided for informational purposes and should not be viewed as an endorsement
Fine Print
  1. $25 minimum opening deposit for Business Savings Account, $100 minimum deposit for Business Checking Account. Cannot transfer balances from existing accounts. ATM Refunds of foreign transactions will be refunded within five business days after the statement cycle ends. External wire fees refunded up to $35 per wire for a wire over $10,000.
  2. APY = Annual Percentage Yield. The advertised APY is effective 2/23/2023 and subject to change thereafter. No minimum balance required to obtain the APY. The minimum to open a Panacea Savings Account is $25. Fees may reduce earnings. Offer is subject to change without notice and may be withdrawn at any time. Up to six transfers or withdrawals per statement cycle.
  3. Bank of America Business Savings rate based on Bank of America website information as of 2/27/2023.
  4. FDIC Insurance limit is $250,000, per depositor, per ownership category.

Routing number for all Panacea Financial, a Division of Primis Bank, accounts: 051409278

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