PNC Bank summary
- No monthly account fees
- No minimum deposit to open
- Up to $400 cash bonus offer*
- ATMs only in 20 states
- Low interest rates for student accounts
No fees at all
FDIC insured, SSL/AES encription and supports 2 factor and biometric authentication
Early morning, evening and weekend service with multiple communication options and a dedicated fraud team
Excellent user friendly site with transparency of rates and full online banking capabilities
Excellent mobile app with all mobile banking features enabled, including digital check deposits
Advantages Over Traditional Banks
Cutting-Edge Banking Services
Traditional Banking Services
Interest Rates and Fees
PNC’s Virtual Wallet suite has no monthly fee. The Spend and Reserve checking accounts don’t offer interest, but the Growth savings account offers 0.40% APY. You can also be reimbursed up to $20 per month for ATM fees charged by other banks. Note that PNC also has a free Virtual Wallet Student account, but it only offers 0.01% APY for the Growth savings account.
|Monthly fee||Overdraft fee||Interest (APY)||Minimum balance to earn interest|
Customer Service and Online Experience
PNC Bank Disclosure
*Offer is contingent on product availability and may vary based on where you open your account and your address. For Branch origination, product availability will be based on the physical PNC location. You may earn a $400 reward if you open a new Virtual Wallet with Performance Select, a $200 reward if you open a new Virtual Wallet with Performance Spend or a $50 reward if you open a new Virtual Wallet. Changing your product type after opening an account could result in your account being reviewed and paid a different reward amount. You will only be considered for one reward amount, which is based on the product type that you have open at the time that your account is reviewed for meeting offer stipulations.
To qualify for the reward, the new Virtual Wallet product must be opened online via the application links on this page beginning 7/1/21 through 9/30/21, and a qualifying Direct Deposit(s) must be received within the first 60 days. Your Virtual Wallet product must remain open in order for you to receive the reward, which will be credited to the eligible account within 60-90 days after all conditions have been met and will be identified as "Cash Trans Promo Reward" on your monthly statement.
A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into the Spend account of a Virtual Wallet with Performance Select, Virtual Wallet with Performance Spend or Virtual Wallet. The total amount of all qualifying Direct Deposits credited to your Spend account must be at least $5,000 for Virtual Wallet with Performance Select, $2,000 for Virtual Wallet with Performance Spend or $500 for Virtual Wallet. Credit card cash advance transfers, wire transfers, transfers from one account to another or deposits made at a branch or ATM do not qualify as qualifying Direct Deposits.
New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 24 months. If multiple accounts are opened with the same signers, only one account will be eligible for the premium. For this offer, signing authority will be defined by the customer name(s) and Social Security number(s) registered on the account. Offer may be extended, modified or discontinued at any time and may vary by market. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you. Please consult your tax advisor regarding your specific situation.
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