Primis is headquartered in TAPPAHANNOCK and is the 7th largest bank in the state of Virginia. It is also the 307th largest bank in the nation. It was established in 2005 and as of March of 2023, it had grown to 532 employees at 38 locations. Primis has an A health rating.
Related Posts
6/8 - Online And Mobile Account Opening Are Temporarily Unavailable Due To Maintenance And Upgrades.
5/9 - Primis Just Raised Their Checking To 4.92 APY
5/4 - Primis Checking & Savings APY Is Up To 5.10%
4/17 - Primis Bank Ups It's Savings And Checking APY
2/17 - Primis Bank's Savings Account Is First To Reach 5% (Rate Update)
2/17 - Primis Savings Website-Listed Rate Reduced To 4.35% APY
1/30 - Primis Bank Personal Savings 5.03% APY
No Negative Review Here About Primis Bank Checking!
I see all these negative reviews for Primis Bank, and I can't believe it. I'm one of the people who opened a checking account from the beginning when they were offering 5.03%. I've been so pleased with them that I decided to move money from 3 different checking accounts to Primis and consolidated it all there. Presidential Bank FSB was my last holdout, but they've been stuck at 4.62% up to $25,000 for so long and they don't budge That account was closed last week. I have 2 direct deposits that I've moved to Primis, and I get credit 2 days early. Their ACH transfers to/from my account are quick and easy and the transfers arrive the next day and sometimes even the same day. When I do an ACH transfer in, they give me immediate credit for it although the amount is on hold for 2 days, which is no big deal. They sent me my free 40 checks, and everything has been easy peezy. I can't say enough good things about this bank.
New Accounts Personal Checking And Savings
I opened the Personal Checking and well as two type of savings that they offer for non business accounts. After a lot of research it is the only on line bank that will pay .50 for each transaction with the checking account, which is really awesome.
There was one time I attempted to call and as others have mentioned, my wait time was something like 20 minutues, then after waiting the wait time changed to an hour and half. That makes no sense at all.
I did email them about the issue and I got a reply one week later.
All of their account are great. But hoping there is no real issues that I need to speak to someone any time soon.
If anything changes, then I will update this review. But so far, I do like this online Bank and it is one of the Best, if not the Best one.
Zero Customer Service
if you like dealing with a bank without any customer service this is the one
Account Blocked Not Able To Access Funds.
I opened a savings account and had it for a few months with no issues. Then opened a checking account and funded it. I received my debit card and everything was fine. Suddenly when I tried to access my account, I got an error stating that my account was blocked. I could not access my savings or checking account. I called the number provided and waited on hold for 4 hours. I finally talked to a person working from home who told me that she could not give me any information, not why my account was blocked or even my account balance. She said I she needed to forward my incident to someone else and they would possibly email me the next day. She told me that in the mean time I wouldn’t have access to my money or would be provided any information about my money.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57968 |
| Year Established | 2005 |
| Employees | 532 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 6.23% |
| Annual Interest Income | $47.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $4.20B$3.22B |
| Loans | Q1 2023vs Q1 2022 | $3.05B$2.36B |
| Deposits | Q1 2023vs Q1 2022 | $3.69B$2.71B |
| Equity Capital | Q1 2023vs Q1 2022 | $470.3MM$474.8MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $35.7MM$29.4MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $35.0MM$14.1MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$1.0MM |
