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PNC Financial Services Group is the sixth largest bank in the United States, with assets of more than $500 billion. The bank has a multiregional footprint that covers most of the United States and includes 2,600 branch locations, plus approximately 60,000 PNC and partner ATMs. PNC’s Virtual Wallet products are like traditional checking accounts, but they include savings options as well. The bank also has an extensive array of small business products. PNC’s current promotions allow you to pocket as much as $500 by opening a new account. How Can You Earn a PNC Bank Bonus?PNC Bank offers new customers the opportunity to earn a welcome bonus for opening a new personal or business checking account and completing qualifying activities. New customers include people who do not currently have a PNC bank account and have not closed a PNC bank account within the last 90 days. Personal checking account bonuses require you to open an account and receive qualifying direct deposits within 60 days. PNC’s business account bonuses require you to open a new account and complete qualifying activities, such as maintaining a minimum balance, for 60 days, and making qualifying transactions using your linked business debit card. Bonus details are accurate as of Oct. 3, 2022. PNC Bank Promotions for 2022PNC Bank Personal Checking Account Bonus Offer: Earn Up to $400PNC’s Virtual Wallet is a personal checking account that comes in three levels: base, Performance Spend and Performance Select. Besides checking (called “Spend”), the accounts can feature a short-term savings component (“Reserve”) or a long-term savings option (“Growth”). New-account bonus cash is available only if PNC offers its Virtual Wallet products to customers in your area. If you open your account online or over the phone, PNC will use your ZIP code to determine eligibility.
PNC Bank Business Checking Account Bonus: Earn Up to $500PNC offers four levels of business checking, differentiated primarily by how many fee-free transactions are offered each month.
Welcome bonuses are restricted to businesses with annual revenues of less than $5 million. PNC Bank does not mention any geographical restrictions.
What Else Should You Know About PNC Bank Bonus Offers?Your Bonus May Be TaxablePNC notes that the value of your reward may be reported to the IRS on a Form 1099 and may be considered taxable. The bank recommends that you consult with your tax advisor regarding the taxability of your bank bonus. PNC Bank Bonuses Are for New CustomersPNC Bank offers account welcome bonuses only to new customers who do not have an existing account with the bank and have not recently closed an account. Additionally, PNC limits how frequently you can receive a new customer bonus. Personal checking customers must not currently have a PNC Bank consumer checking account and must not have closed an account within the past 90 days. Additionally, personal customers are only eligible to receive one PNC promotional premium every 24 months. Likewise, business banking customers must not have an existing PNC Bank business checking account and must not have closed a business checking account within the past 90 days. Business checking account customers are eligible to receive a promotional premium once every 12 months. These restrictions apply to all account signers, so if any business partner on the account is already a PNC customer or has received a welcome bonus recently, the account may not be eligible to receive a welcome bonus. Bottom LinePNC is a nationwide bank, but the strength of its branch and ATM presence varies depending on where you live. We recommend checking out PNC locations near you before opening an account. Depending on where you live, you may be able to get up to $400 for opening a personal checking account or $500 for opening a business checking account. If PNC’s physical presence isn’t a great fit or you find the direct deposit requirements difficult to meet, head over to the Forbes Advisor list of best bank bonuses to see what bonuses other banks have on offer. Find The Best Bank Bonuses & Promotions Of 2022Is PNC a free checking account?The PNC Standard Checking account does charge a $7 monthly fee, but there are ways to avoid the charge. To waive the monthly maintenance fee, you must meet one of the following requirements: Maintain an average balance of $500, Receive $500 in direct deposits during a statement period, or.
How much is PNC checking account?Foundation Checking. How much money do you have to put in a new PNC account?The minimum deposit to open for the Standard Savings account is $0 if the account is opened online. The minimum deposit to open for the “S” is for Savings account is $0 if the account is opened online. For current interest rate and Annual Percentage Yield information, call 1-888-PNC-BANK (1-888-762-2265).
What is the minimum amount I need to have in my checking account?Most traditional banks require you to maintain a minimum account balance to avoid monthly service charges. These typically range from $100 to $2,500, though most are much closer to the lower end.
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