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  PNC Bank Virtual Wallet

PNC Bank Virtual Wallet

in Checking Accounts from PNC Bank · Member FDIC

Unaffiliated

PNC Bank Virtual Wallet

Unaffiliated

in Checking Accounts from PNC Bank · Member FDIC

SuperMoney Net Recommendation Score -50%

SUPERMONEY NET RECOMMENDATION SCORE

-50%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly not recommended

1 user recommends
1 user is unsure
4 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Monthly Fee $0 - $7
ATM Fee: Out-of-Network $3
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.01% - 0.50%
Number of Reviews 6

PNC Bank Virtual Wallet Review

PNC Bank Virtual Wallet is offered by PNC Bank, a bank founded in 1845 and based in Pittsburgh, PA. PNC Bank Virtual Wallet is available in 14 states (and Washington, DC).

Key Takeaways
  • $50 Signup Bonus. Open a new account and you can get up to $50 if you deposit a minimum of $500 (see terms and conditions for more details).
  • Low APY. The maximum annual percentage yield for this account is only .50%, and you must keep a minimum balance of $2000.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $7.
  • $25 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Free bill pay. Pay your bills to practically anyone in the United States through PNC Bank.
  • Hard credit pull. PNC Bank may require a hard pull on your credit report to open a checking account.
PNC Bank Virtual Wallet Pros & Cons
Pros Cons
  • Offers a signup bonus.
  • Interest-yielding account.
  • Free debit card
  • No charge on incoming domestic wire transfers.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Only available in 14 states.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
PNC Bank Virtual Wallet FAQ

Are checking accounts from PNC Bank federally insured?

Yes, your PNC Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does PNC Bank Virtual Wallet offer?

PNC Bank Virtual Wallet offers an APY starting at 0.01% and ranging up to .50% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2000.

PNC Bank Virtual Wallet Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01% - .50%

What are the account minimums for PNC Bank Virtual Wallet?

PNC Bank Virtual Wallet requires a minimum initial deposit of $25 to open an account.

PNC Bank Virtual Wallet Account Minimums
Description Amount
Minimum Initial Deposit $25
APY Minimum Balance $2,000

What fees does PNC Bank Virtual Wallet charge?

This account charges a monthly maintenance fee of up to $7.

PNC Bank Virtual Wallet Fees
Description
Monthly Fee $0 - $7
Paper Statement Fee $2
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $3
NSF Fee $36
Overdraft Protection Fee (per transfer) $0
Overdraft Item Fee $36
Early Account Closure $25
Returned Deposit Fee (Domestic) $12
Debit Card Replacement Fee $7.50
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $33
Check Image Service $3
Check Copy N/A
Foreign Transaction Fee (Debit Card) 3%
Wire Transfer Fee - Domestic (Outgoing) $0
Wire Transfer Fee - International (Outgoing) $45
Wire Transfer Fee - International (Incoming) $15
Returned Deposit Fee (International) $12
Wire Transfer Fee - Domestic (Incoming) $0
ATM Reimbursement Monthly Limit N/A

What features and perks does PNC Bank Virtual Wallet offer?

This account includes the following features:

  • Signup Bonus - Open an account and you will receive a signup bonus of up to $50 if you deposit a minimum of $500.
  • Check images with statement - Reconciiling your accounts ank complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - PNC Bank Virtual Wallet monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - PNC Bank Virtual Wallet allows you to manage your money online.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 14 states and Washington, D.C.
  • Delaware
  • Washington, DC
  • Florida
  • Illinois
  • Indiana
  • Kentucky
  • Maryland
  • Michigan
  • Missouri
  • New Jersey
  • New York
  • Ohio
  • Pennsylvania
  • Virginia
  • West Virginia

Feature Breakdown

APY Minimum Balance $2,000
Minimum Initial Deposit $25
ATM Fee: In-Network $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $0
Check Image Service $3
Debit Card Replacement Fee $7.50
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $7
NSF Fee $36
Overdraft Item Fee $36
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $12
Returned Deposit Fee (International) $12
Stop Payment Fee $33
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $45
ATM Fee: Out-of-Network $3
Bank Account Features
  • Bauer Financial A+/A Rating
  • Check Images with Statement
  • Debit Card
  • FDIC Member
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • IRAs
  • Mobile Banking
Signup Bonus $50
Signup Deposit Requirement $500
APY (Annual Percentage Yield) 0.01% - 0.50%

PNC Bank Virtual Wallet Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-50%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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