Primis Receives National Certification on Flagship Products
The Bank’s Primis Perks and Primis Premium checking accounts meet the national standards to be certified as Bank On low-cost, low-fee accounts.
RICHMOND, V.a. — Primis announced that its Primis Perks and Primis Premium checking accounts, two of their flagship consumer banking products, were both officially certified by the national Cities for Empowerment Fund (CFE Fund) as meeting over 25 Bank On National Account Standards.
The goal of Bank On is to ensure that everyone has access to safe and affordable financial products and services. These Standards, developed by consumer advocates, leading national nonprofit organizations, community leaders, and financial institutions, ensure that the qualified products are low cost, high functionality, and prioritize consumer safety.
“The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to both Primis Perks and Primis Premium Checking accounts,” said Jonathan Mintz, president and CEO of the Cities for Financial Empowerment Fund. “Both of these accounts offer consumers, nationwide, who are looking to improve their finances a safe, affordable, and truly useful mainstream banking product to access and manage their money. Primis’ offering of these innovative accounts brings them into the forefront of national banking access efforts, and we thank them.”
Key features of Bank-On-certified accounts include a low monthly cost, no overdraft or insufficient fund fees, the ability to pay bills and make purchases, and federal deposit insurance. At Primis, that is only a small part of the standard. On top of the Bank-On-certified features, $1 minimum opening deposit requirements, and an industry-leading suite of digital tools available to all customers, our Primis Perks and Primis Premium checking accounts offer benefits that rewards consumers for joining the Primis family.
Primis Perks customers enjoy cash-back rewards for using their debit cards—50 cents back for every single purchase. Primis Premium customers receive a non-tiered, highly competitive interest rate on their balance that surpasses the rates of most financial institutions’ high-yield savings accounts, let alone interest checking accounts. Both of these accounts are free to everyone, meaning there are no monthly service fees, and can both be opened up directly on Primis’ website from anywhere in the United States.
You can learn more about Primis’ Bank-On-certified accounts and open an account right from your device by visiting their website.
Managing more than $3.4 billion in assets, Primis is the first bank to get it right. Primis brings the backing of an FDIC institution with the brains of a tech company — offering both security and ease; a solid foundation that’s future proof; and sophisticated offerings that are super simple to navigate. Primis breaks through all the fine print, wait times, and red tape — bringing to market services that actually serve and solutions that solve real life problems. Some say Primis is doing things different, we say we’re doing things right.
SVP, Director of Marketing