Please note that this article only applies to business accounts.
Panacea's digital banking platform offers the ability for business users to transfer money to and from other entities.
With the ACH services users can send a single money transfer to an individual or a business.
Important:
- Wire services require multi-factor authentication (MFA) to submit the transfer. Panacea uses MFA via a code sent to the phone number or email on file.
- Wire transfers are set immediately (before cut-off time).
- There is no additional fees for wire transfers.
- Cut-off time for wire transfers is 5:00 PM EST.
- Wire transfers only process on business days.
1. Add wire recipient.
In your Dashboard navigate to the Transfer Money tab and click Wire Transfer, click to Manage Recipients.
Another way to click My Finance > My Recipients > Wire Recipients > Add Wire Recipient.
Note: if you do not see any options other than "Between Your Accounts", you do not have wire permissions. Please contact you the Panacea Business Services team at consiergedesk@panaceafinancial.com for assistance.
You can add a single wire recipient (individual or business).
2. Choose recipient and submit wire payment.
3. View any pending wire payments in My Finance (scheduled transfers will appear here until cut-off time)
