While Primis Bank offers a range of financial services, factors like non-transparent pricing and mixed customer reviews regarding account access and service can lead users to seek alternatives. This article will provide an overview of Primis Bank, explore the reasons you might consider other options, and introduce different banking and global payment solutions to better suit your requirements.
What is Primis Bank?
Originally founded as Sonabank in 2005, Primis Bank is a Virginia-based financial institution offering a variety of personal and business banking services. The bank stands out with features like no monthly or overdraft fees, no minimum balance requirements, and unlimited transactions.
With over $3.4 billion in assets, Primis positions itself as a tech-forward bank, combining FDIC-insured security with user-friendly digital services. While they offer 24/7 human support, customer experiences vary, with some users reporting issues alongside positive feedback on service and rates.
What to Consider When Selecting a Primis Bank Alternative?
When looking for an alternative to Primis Bank, it's important to evaluate platforms based on your specific business needs. Here are five key factors to consider:
- Pricing Transparency:Look for platforms that offer clear, upfront pricing for transactions and account services to avoid unexpected fees.
- Customer Support:Evaluate the quality and responsiveness of customer service, especially if your business requires timely assistance with financial operations.
- Digital Asset Integration:If your business operates with cryptocurrencies, find a provider that supports digital asset conversions and management.
- Global Payment Capabilities:Consider whether the platform facilitates easy and cost-effective international transactions for a global workforce or client base.
- Expense and Payroll Tools:Assess the built-in tools for managing company-wide expenses, issuing corporate cards, and streamlining payroll.
If one or more of these points resonate with you, check out the alternatives we cover in the next section.
10 Best Alternatives to Primis Bank
1. OneSafe
At OneSafe, we provide a finance platform designed to modernize banking for businesses, especially those operating in the Web3 and crypto sectors. Our system offers essential tools for straightforward fund management, rapid payments, and access to both traditional and digital assets.
We enable 1:1 conversions from USD to USDC on Polygon, simplifying payroll and expense management for global teams. Our platform is built for reliability and security, backed by responsive customer support tailored for organizations handling crypto-based payments.
Pricing
Here's a look at our straightforward pricing structure:
- Free Account Services:Enjoy free account opening, maintenance, and card issuance with no monthly subscriptions or minimum balance requirements.
- 0.1% US Domestic Transfers:A low 0.1% fee applies to both ACH and standard wire transfers within the US.
- Competitive International Payments:We charge 0.2% for SEPA (EUR) payments and international wires, with a standard $50 SWIFT fee for the latter.
- 0.1% Crypto Transactions:USDT transactions and fiat-to-crypto conversions have a simple 0.1% fee, with conversions based on market rates and no hidden charges.
- Other Transaction Fees:We offer a flat $25 fee for Fedwire domestic wires and a 3% FX fee for non-USD spending on corporate cards.
Reviews
Clients consistently praise our platform for its exceptional customer support and for solving complex banking headaches, particularly for Web3 companies.
- Amit Chu, Investments @ Celo Foundation: "OneSafe has the best customer support I've ever experienced from a bank."
- Marco, CEO of Ensuro: "OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it."
Want to see what we can do for you? Check us out here.
2. Everestcard
Everestcard is a neobank that aims to simplify business financial management. It provides instant issuance of both virtual and physical Mastercard credit cards, giving teams immediate access to funds.
The platform allows for entirely online management, offering real-time control over cards and expenses through a dashboard and web application. It includes expense management tools such as automated reporting, digital receipt scanning, and transaction history tracking to streamline financial processes.
Pricing
Here's a look at their pricing:
- €20 Monthly Fee: Includes up to three Mastercard credit cards and access to expense management tools.
- €5 Additional Card Fee: The cost for each additional card per month.
- 90-Day Free Trial: Businesses can use the platform for 90 days before subscribing.
Reviews
Available customer feedback for Everestcard is limited, with reviews citing concerns about the company's reliability, slow customer support, and account access problems. Check out more Everestcard reviews here.
3. Axos Bank
Axos Bank, founded in 2000 as Bank of Internet USA, is a digital financial institution headquartered in San Diego, California. It provides a range of financial products, such as personal and business banking, lending, and investment solutions.
The bank offers various accounts with competitive interest rates and low or no monthly fees, though some require minimum balances to avoid charges. Account holders have access to their funds through a large ATM network, and certain accounts include unlimited fee-free transactions.
Pricing
Here is a glance at their pricing:
- No Monthly Fee for Basic Business Checking: This account has no monthly maintenance fees, unlimited fee-free transactions, and free incoming wires.
- $10 Monthly Fee for Business Interest Checking: This fee is waived with an average daily balance of at least $5,000.
- No Monthly Fee for Business Premium Savings: This account does not have monthly maintenance fees.
Axos Bank does not publicly list prices for all services, and some accounts require specific balance thresholds to waive fees.
Reviews
Customer reviews for Axos Bank are mixed, with some users reporting issues with the app's functionality, such as glitches and slow performance. Other common complaints involve account restrictions and problems with the payment system. Check out more Axos Bank reviews here.
4. MuralPay
MuralPay is a financial technology company that focuses on making international transactions scalable and secure. The company's mission is to address challenges from outdated financial infrastructure and the large number of unbanked individuals, particularly across the Americas.
Its platform and API provide services for pay-ins, payouts, invoicing, and compliance, which are powered by stablecoins. The system is designed for global businesses and includes features like instant global payments, multi-currency invoicing, virtual accounts, and real-time currency conversion.
Pricing
MuralPay does not publicly disclose its pricing information on its website. To receive specific pricing details, potential users must contact the company directly or request a free demo.
Reviews
User feedback points to several areas for improvement, such as occasional delays in transaction processing and a complex interface on smaller devices. Other comments raise concerns about the platform's cost for large teams and issues with compliance procedures. Check out more MuralPay reviews here.
5. Credem
Credem, or Credito Emiliano S.p.A., is an Italian banking institution established in 1910, offering a variety of financial products. The bank provides services in retail and corporate banking, as well as insurance and investment solutions through its different divisions.
A notable aspect of its operations is the acceptance of Parmigiano Reggiano cheese wheels as collateral for loans. Account maintenance fees begin at €4 per month, while card issuance and withdrawals at Credem ATMs are free.
Pricing
Here is a glance at their pricing:
- €4+ Monthly Fee, Account Maintenance: Account maintenance fees begin at €4 per month.
- Free, Card Issuance: The issuance of cards is free of charge.
- Free, ATM Withdrawals: Withdrawals are free at Credem ATMs.
- Custom, Investment Services: Pricing for investment services is customized.
Reviews
User feedback indicates issues with delays in receiving debit and credit cards, a lack of digital card options, and concerns about customer service responsiveness. Check out more Credem reviews here.
6. Finom
Finom is a European financial technology company founded in 2019, offering digital banking and financial management services for small to medium-sized enterprises (SMEs) and freelancers. The platform provides online account opening with local IBANs, invoicing tools, accounting integrations, and expense management.
The service includes free physical and unlimited virtual debit cards, cashback of up to 3% on business purchases, and support for multiple currencies. It also facilitates international payments and provides a user-friendly interface with customer support to streamline financial operations.
Pricing
Here is a glance at their pricing:
- Free Solo Plan: This plan is for freelancers and self-employed individuals and includes one user, a personal IBAN, free physical VISA cards, and basic invoicing features.
- €9/month Start Plan: Designed for small businesses, this plan includes two users, a personal IBAN, free physical VISA cards, and advanced invoicing features.
- €28/month Premium Plan: This option offers five users, a personal IBAN, free physical VISA cards, and invoicing and accounting integrations.
- €149/month Corporate Plan: Tailored for larger businesses, this plan provides ten users, a personal IBAN, free physical VISA cards, and advanced invoicing and accounting features.
- €339/month Enterprise Plan: This plan includes fifteen users, a personal IBAN, free physical VISA cards, and all features available in the Corporate Plan.
Reviews
User feedback often points to the platform's interface, invoicing system, and customer support. Some users report issues with account management, transaction processing, and unexpected fees. Check out more Finom reviews here.
7. Wallester
Wallester is a financial technology company that provides corporate expense management solutions through virtual and physical Visa cards. Its services are designed to streamline financial operations for businesses of various sizes.
The platform offers real-time expense control, detailed financial reporting, and integrations with accounting software. It also includes features like instant virtual card issuance, multi-currency support, and advanced API integration.
Pricing
Wallester provides a free plan that comes with up to 300 virtual cards, unlimited physical card issuance, and no account or minimum balance fees. For businesses that require more cards, premium plans are available, and additional virtual cards can be added for €0.20 per card per month.
Reviews
User feedback often comments on the platform's interface, financial reporting capabilities, and customer support. Some users have also reported challenges with integration and occasional delays in technical support. Check out more Wallester reviews here.
8. Vivid Business
Vivid Business is a financial platform that provides services for personal, business, and freelance accounts. It offers a combination of banking, investment, and payment solutions to its users.
The service includes features such as multiple German IBANs, virtual and physical cards, cashback, and investment options. While the platform is noted for fast transfers, some users report issues with frozen accounts and held funds.
Pricing
Here is a glance at their pricing:
- €0/month Free Start: This plan includes 12 accounts, one team member, and an interest rate of 4% p.a. for the first four months, which then becomes 0.1% p.a.
- €7/month Basic: This plan includes 15 accounts, 15 team members, and an interest rate of 4% p.a. for the first four months, which then becomes 0.5% p.a.
- €19/month Pro: This plan includes 20 accounts, 30 team members, and an interest rate of 4% p.a. for the first four months, which then becomes 1.3% p.a.
Reviews
User feedback often comments on the app's interface and transfer speeds. Some users, however, report issues such as accounts being frozen or funds being held without clear explanation. Check out more Vivid Business reviews here.
9. Payhawk
Payhawk is a spend management platform that combines corporate cards, expense management, and accounts payable into one system. It is designed to give businesses more visibility and control over company spending through real-time tracking and reporting.
The platform provides Visa cards in multiple currencies, automated receipt collection, and AI-powered data extraction in over 65 languages. It also offers integrations with various accounting systems and supports the management of multiple business entities from a single account.
Pricing
Payhawk does not publicly disclose its pricing information on its website. To receive specific pricing details, potential users must schedule a personalized demo with the company.
Reviews
User feedback indicates some challenges with the initial setup process and a need for clearer explanations in certain administrative settings. Some reviewers have also noted issues with mobile app synchronization and occasional delays in transaction updates. Check out more Payhawk reviews here.
10. Tide Bank
Tide is a UK-based financial technology company established in 2015, offering mobile-first banking services for small and medium-sized enterprises. The platform provides current accounts, automated bookkeeping, and integrated invoicing, along with compatibility with various accounting software.
Businesses can set up an account through the app and utilize built-in accounting and tax tools for financial management. The service also facilitates cash deposits at UK Post Office and PayPoint locations, provides expense cards for teams, and supports international transactions.
Pricing
Here is a glance at their pricing:
- No Monthly Fee, Free Plan: Charges include 20p per UK transfer and £1 per ATM withdrawal.
- £12.49 + VAT/month, Smart Plan: Includes 25 free UK transfers and one free expense card.
- £24.99 + VAT/month, Pro Plan: Offers unlimited free UK transfers and two free expense cards.
- £69.99 + VAT/month, Max Plan: Provides unlimited free UK transfers and three free expense cards.
Reviews
User feedback indicates challenges with customer support responsiveness and account access, with some customers reporting communication delays and issues during verification. Check out more Tide Bank reviews here.
Which One Should You Go With?
Choosing the right financial partner is a significant decision, and each of these platforms offers unique advantages for different business needs. If you're looking for a modern solution built for global payments and digital assets, we believe OneSafe is the standout choice. Ready to see how we can simplify your finances? Sign up for OneSafe today.
