Excellent
Based on 589 reviews
Panacea Financial4.9Honesty, pricing, process and quality scores appear once 5 customers have rated them.
At our core, we are a nationwide financial services company, formed out of passion for improving the lives of medical professionals. Panacea Financial is a company founded by physicians offering a full suite of banking services to physicians, dentists, veterinarians and podiatrists at all stages of their career. Our founding partners and advisory board have decades of experience as practicing physicians and within the finance industry and as a result, we recognize the unique challenges doctors have with traditional lenders. We are partnered with Primis Bank for our banking products, a publicly traded and state chartered member of the FDIC.
Panacea Financial (panaceafinancial.com) has 589 customer reviews on Folks Told, with an average rating of 4.9 out of 5.
589 approved reviews, newest moderated first
Olivia B.
I opened up a checking and savings account with Panacea and they have been nothing but helpful and readily available. It was extremely easy to set up an account with them! I am not a doctor, but I can tell that I am still an extremely valued client! Looking forward to utilizing them for all my banking needs!
Jonathan
Let me start by saying that I am not a doctor, nor am I in the medical field. I found Panacea while looking for an online bank with low maintenance fees and a decent interest rate on my money. Panacea offers both, and so much more. The ease of opening a new account is incredible. The clarity and transparency of the account disclosures is unlike anything I've seen before. It's almost like these guys want you to understand how your money is handled. Within an hour of applying, I was approved and I received an email (from a real person no less) welcoming me and making sure all of my questions were answered and my needs were being met. All of this happened without leaving my couch. The actual accounts are perhaps more impressive, though. No ATM fees anywhere, free checking, and 24 hour a day customer service. Plus a .60% interest rate! While I cannot take advantage of some of the financial products geared toward those in the medical field, I could not be happier with a bank and I am thrilled I found Panacea.
Nadia R.
Team is very approachable and immediately available
Greg
The application for opening a new checking and savings account could not have been more simple to my knowledge. The platform is easy to complete, and I received a personalized contact from my concierge team member within just a few hours. Very pleased with the entire process.
Pedsdoc
Great banking experience. Got assigned a personal banker and have spoken will a live human at each call. Fair interest % rates on loans. Still need more robust ability to transfer money to other people using a different bank.
Nick
My experience with panacea has been one of the best experiences I’ve ever had with the banking institution. From the very beginning the website application was seamless and the questions were straightforward and not confusing. The website look was clean and not distracting. Shortly after submitting my application, I received an email from my own personal banker. I have never heard of this before! This representative gave me a call today to just follow up on my application and this is just for a simple savings account not even a loan. The customer service that this provides was so impressive to me. Couple this customer service experience with the fact that their savings account interest rate is well above the national average And you have a great experience and a higher quality of a product. I honestly am considering shifting all of my banking over to Panacea based on this experience because I like the human touch and the way the business cares about its customers. I have never had such a great experience with the financial bank before and can’t recommend them enough!!
Mariah B.
I found Panacea incidentally while listening to a medical podcast while also in the process to trying to find a personal loan to cover a non-compete buy out. I'll be honest I as nervous at first as it is a newer company and reviews/feedback online was minimal thus far, however it was kismet. Their rate was lower than any other unsecured personal loan on the market I found. The entire process - application, underwriting and fund distribution was done in 48 hours. The digital application process was incredibly easy and took < 20 minutes. Communication with their staff the personal banker was awesome and timely. I would highly recommend to all my healthcare colleagues and will continue to use them in the future.
John M.
When I signed up for Panacea I was looking for an online bank for my family checking and/or small loans from time to time. I couldn’t have been more pleased with the application process, the banking experience (which can be very difficult with other banks) and ease of navigating the app. I was approved quickly and began using the app immediately. I highly recommend Panacea to anyone in the healthcare space with banking needs.
