FDIC-Insured - Backed by the full faith and credit of the U.S. Government Just for Florists
Get your cash Fast.
Is your wire service or floral affiliate payout leaving you in the weeds? That’s where FAST comes in. We’ll advance the funds owed to you the next day your order comes in.
What is fast?
Floral Advancement System Today is our program designed specifically for florists. We know that your wire services and affiliates make you wait to receive payment for orders that you fulfill. To put it simply, we give you credit on the same business day if we receive your request by 5:00 p.m. ET. Otherwise, you will receive it on the next business day. Your funds will be advanced to you directly as you await your affiliate payment.
How does it work?
- When you want a funds advancement, visit our portal right from your phone, and provide the requested info.
- This lets us know how much to credit your account.
- Your wire service/affiliate inserts monthly funds into a Primis account that we set up.
- We remit funds from this Primis account to you every time you request them, based on your wire service/affiliate activity. Get your money the very next morning!
- Your advancement will be based on a percentage of your total orders, currently 60%. This means that you can advance up to 60% of your wire service funds, to account for purchased inventory, affiliate fees and more.
- When your affiliate statement comes in, we’ll reconcile what you advanced under that statement cycle, deduct our payment and send the rest to your operating account.
- The amount that you advanced the previous month, we’ll deduct a 1.5% usage fee on the first business day of the following month.
- If you didn’t request a funds advancement during the month, we will automatically transfer the full balance of your monthly wire/affiliate payment to you.
First Things First
Open a business checking account to get started. Your banker will reach out to you immediately to go over details. Just $25 minimum deposit to open.
- Free business online banking, eStatements, and mobile banking
- No monthly service fees
- Cash management services
- Free Visa® business debit card
- No minimum balance requirements
- 150 free items per month with $0.35 in excess after
FAST TRACK
Anxious to get your cash flow FAST? Get a jump start on the process by sharing your most recent three affiliate statements.
TAKE THE NEXT STEP
Whether you’ve already opened your account online, or want to have a Primis rep call you to answer your questions first – fill out the form here.