PNC Bank Sign Up | PNC Bank Review | PNC stands out for its online banking features and, in some states, its attractive interest rates.
However, you might wish to bank somewhere else for a greater rate if you don’t reside in those particular states.
About PNC Bank
One of the biggest banks operating in the United States, PNC Bank was formerly known as Pittsburgh Trust and Savings Co. It provides a comprehensive range of products for small businesses, industry, and retail. It bought the troubled National City Corp., based in Cleveland, in 2008. The size of the bank was almost doubled by that transaction.
In June 2021, BBVA USA was purchased by PNC. Currently, PNC provides support for 2,700 branches nationwide. With locations in various regions of the Northeast, South, Midwest, and West Coast, PNC is a bank that provides a broad range of deposit options.
Consumers in certain states receive competitive rates from the bank, whereas customers in other states receive yields that are below the national average.
PNC Bank Review
- On its online-only savings account, it boasts a competitive APY (only available in certain states).
- More than 2,600 branches are supported by PNC.
- The bank offers superior features for online banking.
PNC Bank Savings accounts
The High Interest Savings account from PNC has no minimum opening deposit requirements and gives a competitive yield. The minimum balance required to begin earning this APY is $1, and the account is not tiered. However, not everyone will have access to the product because the account is not offered in the 29 states where PNC has locations.
Customers who reside in states where PNC has locations receive a significantly lower interest on their Standard Savings account.
- In some states, PNC High Yield Savings offers an elite APY.
- The ATM card for the PNC High Yield Savings account is included.
- There is no monthly service fee associated with the High Yield Savings account.
PNC Bank CD rates
Customers of PNC Bank can choose from a variety of CD terms. However, no CDs may be opened online; only branches can do so. The bank offers Ready Access CDs in addition to conventional CDs, allowing you to withdraw the money without incurring penalties as soon as seven days after opening the account.
The CD period that Bankrate gave a score of is a 13-month CD, and it only costs $1,000 to open. However, a number of other banks provide CD rates that are more affordable.
- Customers that are interested in CDs have a wide range of phrase choices.
- Seven days after the account is opened, Ready Access CDs allow fee-free access to the funds.
- PNC’s CDs have a comparatively low minimum deposit requirement.
PNC Bank Money Market Accounts
For people who have additional PNC accounts, higher relationship rates are available on the Premiere Money Market Account in addition to the normal rate. You can increase your APY by doing things like receiving $2,000 in qualifying direct deposits in the previous month or using your Performance Select Checking account for at least five debit card transactions.
This account can be opened in person at a bank for just $100, and it can be opened online with no deposit. To avoid the monthly service charge, however, you must retain at least $5,000 in this account or link it to a PNC checking account. The PNC banking card that comes with the Premiere Money Market account can be used at ATMs but not for debit transactions. [PNC Bank Money Market Accounts]
- There is no minimum deposit needed to start an account online, and it only requires a $100 deposit to do it in person.
- The account comes with an ATM card.
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PNC Bank Checking Accounts
The PNC Virtual Wallet, the bank’s online money management system, includes the Spend account. To start this non-interest bearing account in person or online, a minimum deposit of $25 is needed. There are various methods to avoid the account’s $7 monthly maintenance cost, including getting at least $500 in direct contributions or reaching the age of 62.
The Spend account comes with checks in addition to a debit card and free use of almost 60,000 ATMs countrywide. Per statement cycle, the bank will pay up to $5 in ATM surcharges from other banks as well as two of its own out-of-network ATM costs.
PNC also provides Reserve, a secondary interest-bearing checking account, as a part of its Virtual Wallet. Reserve doesn’t have a minimum beginning deposit requirement and doesn’t have a monthly service fee. It pays a little amount of interest. To prevent overdrawing your account, the virtual wallet tool provides features like warnings when your funds are running low.
- When opening a Spend account in person or online, only $25 is needed as a minimum deposit.
- There are over 60,000 fee-free ATMs nationwide.
- You can see where your money is going with the help of the bank’s mobile app.
PNC Bank Bank experience
In addition to having locations in 28 states and the District of Columbia, PNC Bank also allows customers to open some of their deposit accounts online. More than 2,600 branches are accessible through the bank.
PNC gives access to a Virtual Wallet tool in addition to offering normal online banking services. With this tool, you may create savings goals and examine a calendar of impending paydays and bill payments.A color-coded “Money Bar” that displays how much of your money is allocated for bills and savings targets as well as what is available for spending is also featured.
Seven days a week, phone calls can be made to PNC customer service personnel. They are accessible during the week from 7 a.m. to 10 p.m. Eastern time. Weekends are when you can reach them from 8 a.m. until 5 p.m.
PNC Bank Sign Up
To get a better bank experience with PNC Bank, interested persons can enroll for online banking/ Sign Up here