Pnc Atm Deposit

Now, I still have to make my deposit that I wanted to make, plus put the $60 back in. Needless to say, I'll be making those deposits elsewhere, because I absolutely will NEVER use PNC's banks, ATM's, parking garages, ballparks (sorry Pittsburg Pirates), restrooms, or anything else EVER AGAIN! PNC DepositEasy is the 'envelope-free' way to make cash or check deposits right at the ATM, any time of day or night, including weekends and holidays. 24/7, 365 days Make cash or check deposits 24/7, 365 days.

PNC Bank Fees
and Charges

Do you always know what bank fees and charges you are going to pay when you open an account? Many banks charge fees for behaviors many customers did not even realize they were being charged for. These fees could be PNC overdraft fees, checks cost, safe deposit box cost, or something as hidden as paper statements.

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Types of Fees and Charges

PNC can have some of the steeper fees and charges that banks may charge. They are more transparent on their website about the charges, though, and it is much easier to identify the fees than with most other banking institutions.

Overdraft Charges

• Overdraft fees are charged per item that overdrafts the limit. Beware of a multitude of overdraft fees that can result in a quick $100+ in fees, however unlike most banks, PNC has an overdraft limit of 4 times a day, so the highest you can be charged in overdraft fees in one day is $144. PNC also has a $7 fee for each day your account is still overdrawn. Anytime your account balance drops below zero, this fee is charged per transaction.

Overdraft Protection Transfer From Linked Savings Account

• This fee is charged for the convenience of PNC Bank transferring money from your savings into your checking account. This fee is also paid on a per-item basis, so it can add up just as quickly as the overdraft fees.

Wire Transfer

• Wire transfers occur when money is electronically transferred from one bank account and deposited into another. Wire transfer charges vary depending on domestic or international services. Domestic wire transfer fees for the performance checking account are waived altogether. These fees can also occur when money from your PNC checking account transfers to another bank, even if both are in your name.

Paper Statements

• For some of the checking accounts PNC bank charges for paper statements. This extra $2 a month can add up over time, especially if you are a long-term customer. Adding images of checks on the paper statements will add another $1 per month.

Safe Deposit Box

• Safe deposit boxes are a service that PNC Bank’s offer to keep your valuables protected by multiple levels of security. The bank keeps a key, and you receive a key. The PNC safe deposit box cost can vary depending on the bank and the size, but they range from $42 for a 3×5 box to $75 for a 10×10 box.

Early Account Closure Fee

• PNC Bank charges a $25 fee to close an account that has been open for less than 180 days. It is important to keep this in mind when opening a PNC account, or the monthly service fees can add up or paying to close your account can be costly.

Checking Accounts

PNC Bank offers traditional checking accounts such as the standard, performance, and performance select accounts. They each have their own service fees and changes, but they do all have a minimum opening amount of $25.

Standard Checking

This is the lowest tier of checking accounts with a service charge of $7. This monthly service fee can be waived by completing any of the following: $500 average monthly balance in this account, $500 in qualifying monthly direct deposits to this account during the statement period, or if the account holder is age 62 or over.

Performance Checking

This checking account is PNC Bank’s middle tier checking account with a service charge of $15. The monthly obligation can be waived by completing any of the following: $2,000 average monthly balance, $15,000 combined average monthly balance across linked PNC Bank consumer deposit, loan and/or PNCI investment accounts, or $2,000 in qualifying monthly direct deposits to this account during the statement period ($1,000 for WorkPlace or Military Banking customers). The benefit to this account compared to the standard checking is that interest is earned on the balance.

Performance Select Checking

The highest tier checking account that PNC bank offers is the performance select It charges a $25 monthly fee. This monthly obligation can be waived by meeting one of the following requirements: $5,000 combined average monthly balance in this and up to 8 linked PNC Bank consumer checking accounts, $25,000 combined average monthly balance across linked PNC Bank consumer deposit and/or PNCI investment accounts, $5,000 in qualifying monthly direct deposits to this account during the statement period. TTe monthly direct deposit necessary is $5,000. Monthly service fees are also waived on up to 8 additional consumer checking, saving, or money markets accounts that are linked to your performance checking.

Savings Accounts

In addition to putting your money into a checking account, you can also invest your money in a PNC savings account, PNC Premiere Money Market account, or a Certificate of Deposit (CD). These accounts will accumulate more interest than the checking accounts that are offered, but the money is less liquid. Therefore, there are higher fees or limits to removing your money.

Certificates of Deposit are savings accounts that pay a fixed interest rate for a set period of time, beginning at 7 days up to multiple years, to ensure that the money deposited will stay in the account. By depositing your money into a CD for a set term, you lock in your initial deposit principal and interest rate until your money matures. Your interest compounds daily and is generally paid monthly, although interest payments made quarterly, semi-annually, annually, or at maturity are also available. The interest rates on these accounts are much higher than an interest rate on a general savings account. There are very hefty fees for withdrawing the money early; however, PNC bank does not disclose what these fees are.

Premiere Money Market accounts have a $100 minimum deposit to open the account and have a $12 monthly service fee. The fee for premiere money market accounts can be waived if the account holds an average monthly balance of at least $5,000.

The other savings account offered by PNC Bank has a $25 minimum deposit to open and a $5 service charge that can be waived by meeting any of the following requirements: $300 average monthly balance in this account, at least one Auto Savings transfer of $25.00 or more each month from your PNC checking, account holder is under age 18, or first year for Foundation Checking customers.

PNC Virtual Wallet

PNC Virtual Wallet helps you manage all of your money in one place. You can pay bills, track spending by category, set savings goals, and more. The Virtual Wallet is made up of, what they call, Spend, Reserve, and Growth. Spend represents a primary checking account, Reserve represents a short-term savings account, and Growth represents a long-term savings account. There are three different levels of virtual wallet: the regular virtual wallet, performance spend virtual wallet, and performance select virtual wallet.

The fees between the accounts are the same as the normal checking accounts, but the monthly fees can be waived easier because the funds in the accounts can be combined to meet the minimum. For instance, the $7 for the monthly service fee for Virtual Wallet service charge can be waived with $500 combined average balance in Spend and/or Reserve accounts. The standard PNC Virtual Wallet fees are the same fees for the Standard checking account.

The Performance Spend virtual wallet has the same fees and charges as the PNC Performance checking account. The Virtual Wallet service charge can be waived with $2000 combined average balance in Spend and/or Reserve accounts.

The Performance Select account has the same fees and charges as the PNC Performance Select checking account. The monthly service fees of $25 can be waived with $5000 combined average balance in Spend and/or Reserve accounts, or 6 PNC Bank consumer checking accounts that have been linked.

When opening a PNC Bank’s account, whether it be checking, savings, virtual wallet or a CD, it is important to know and understand penalties and withdrawal limits for each.

PNC Bank is a subsidiary of Pittsburgh-based PNC Financial Services Group, one of the largest financial services institutions in the U.S., with assets of $445 billion. Its retail branch network sprawls out over 21 states in the Mid-Atlantic, Southeast and Midwest.

With approximately 2,400 branches and 18,000 fee-free ATMs, PNC Bank has a large physical presence. It also has a full array of online and mobile banking tools, making it a good fit for checking account customers who prefer traditional branch banking, online and mobile banking or a combination of the two.

Pnc Atm Deposit Max

PNC Bank’s main checking account offerings include: Virtual Wallet, for customers who want basic account features and online tools; Virtual Wallet Performance Spend, for those who want a broader banking relationship with some rewards; and Virtual Wallet Performance Select, which is the premium checking account with the highest level of rewards and benefits.

Note: The APYs (Annual Percentage Yield) shown are as of Dec. 23, 2020.

PNC also offers Virtual Wallet Student, a non-interest bearing checking account with no balance requirement and no monthly service fee. The perks of this account are good for up to six years.

Here are more details about PNC’s main checking accounts.

1. 1. Virtual Wallet
   2. Virtual Wallet with Performance Spend
   3. Virtual Wallet with Performance Select

Virtual Wallet

Virtual Wallet is an umbrella title for a combination of checking and savings accounts. In this tier, the checking account, called Spend, is a basic, non-interest bearing account. Reserve is a short-term savings account and Growth is a long-term savings account. The Reserve and Growth accounts also serve as built-in overdraft protection.

The Reserve account APY is 0.01 percent on balances $1 and higher; the standard APY on the Growth account is 0.01 percent. “Relationship rates” are 0.03 percent APY on balances up to $2,499.99 and 0.05 percent APY on $2,500 and above. To qualify for the relationship rate, you must have at least five PIN or point-of-sale transactions per month using your PNC Visa debit card or PNC credit card, and $2,000 in qualifying monthly direct deposits.

PNC reimburses fees for two non-PNC Bank ATM transactions per statement period. There is no minimum deposit if you open Virtual Wallet online. You must deposit $25 if you open it in a branch. The $7 monthly service charge is waived if you meet one of the following criteria:

• Maintain an average monthly balance of at least $500 in your Spend and Reserve savings account.
• Have at least $500 a month in qualifying direct deposits to your Spend account, such as a paycheck.
• You are 62 or older.

Pnc Atm Check Deposit Limit

Virtual Wallet with Performance Spend

The checking account with Virtual Wallet with Performance Spend is interest-bearing, paying 0.01 percent APY on balances of $2,000 and up.

The Reserve account pays 0.01 percent APY on balances above $1; the Growth account in this tier has a standard APY of 0.01 percent and a relationship rate of 0.10 percent APY.

There is no minimum opening deposit if Performance Spend is opened online; it’s $25 if opened in a branch. The $15 monthly fee is waived if you do one of the following:

• Make $2,000 in direct deposits to your Spend account each monthly statement period.
• Keep an average monthly balance of $2,000 in checking and/or Reserve.
• Maintain a combined balance of $10,000 in PNC deposit accounts

There is more fee forgiveness with this account than there is with basic checking. The bank reimburses for up to four non-PNC ATM transactions per statement period and up to $10 in other banks’ ATM surcharges.

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Performance Spend also doesn’t charge a fee for paper account statements or cashier’s checks, and there is no charge to redeposit a returned item. There are no fees to request check images and copies of account details if you make the request through online banking. There is an $8 discount on select check designs.

Virtual Wallet with Performance Select

This is the premium account tier with the most benefits. Performance Select includes an interest-bearing checking account. You can have up to six additional linked PNC checking or savings accounts with Performance Select, with no monthly service charge.

The checking APY is 0.01 percent on balances of $2,000 and higher. The Reserve account also pays 0.01 percent APY; relationship rates on the Growth account are tiered, ranging from 0.10 to 0.35 percent APY.

There is no minimum opening deposit if the account is opened online; it’s $25 if opened in a branch. The $25 monthly fee is waived if you meet one of these criteria:

• Monthly direct deposits of $5,000 a month to your Spend account.
• Combined $5,000 average monthly balance in the Reserve account and up to six linked PNC consumer checking accounts.
• Maintain $25,000 combined average monthly balance in linked PNC deposit and investment accounts.

With Performance Select, there is no fee to replace your Visa debit card and there is reimbursement for up to $20 a month in other banks’ ATM surcharges.

There are no fees for paper statements with check images, domestic wire transfers, stop payments or redeposit of returned items. Basic PNC checks are free and there is a $12 discount on select check designs.

PNC checking account fees

Read your account details carefully to avoid surprise fees. Generally, the higher the account tier, the fewer fees you’re required to pay. Unless these fees are waived, here is what you can expect to pay:

• Overdrafts, $36. If your account is overdrawn by $5 or less at the end of the day, overdraft fees are refunded.
• Stop payment, $33.
• Paper statements, $2; with check images, $3
• Cashier’s checks, $10
• Out of network ATM fee, $3; foreign ATMs, $5
• Early account closure, $25 if checking account is closed within 180 days of opening
• Debit card cash advance fee, $3 at PNC ATM; $5 at non-PNC ATM
• Debit card replacement, $7; expedited delivery of card, $25
• Domestic non-PNC bank ATM, $3; non-PNC ATMs outside the U.S., $5
• International purchases and cash advances, 3 percent of transaction amount
• Wire transfers (domestic and international), $15 to $45
• Counter checks, $1.50
• Non-client check-cashing fee, 2 percent of check amount ($2 minimum)
• PNC Express Funds, 2 percent of the check amount over $100; $2 for each check of $25 to $100
• Return of deposited or cashed item, $12
• Requests for images and photocopies, $1 to $5
• PNC Express Funds, which makes deposited money available immediately, 2% of check amount over $100; $2 for each check from $25 to $100.

PNC checking account offers

Pnc Atm Deposit Availability

All PNC checking account customers get a PNC Bank Visa Debit Card and the surcharge-free use of thousands of ATMs. There is also reimbursement of some non-PNC ATM fees, free online banking and mobile banking and higher interest rates on savings as you build your balances. With the PNC Mobile app, you can deposit checks, make cardless ATM transactions, find nearby ATMs, check your balances, set up account alerts and more.

Overdraft protection is drawn from the Reserve and Growth savings accounts and there is no fee to transfer the money. PNC spending and budgeting tools help you track and manage your money. You can set up a budget, schedule bill payments, get alerts when your account is at risk of being overdrawn, set up automatic savings, and more.

PNC checking account customers can earn cash back from participating merchants with PNC Purchase Payback.

PNC customers have access to Zelle, a payment platform that lets you send or receive money from people you trust, regardless of where they bank. You can also make tap-and-go payments using Apple Pay.

PNC checking account promotions and bonuses

You can earn $50 if you open Virtual Wallet, $200 if you open Virtual Wallet Performance Spend, and $300 if you open Virtual Wallet Performance Select. You are eligible for only one reward amount.

The new checking account must be opened online using the application link on pnc.com/virtualwallet or at a branch before June 30, 2020. A qualifying direct deposit, defined as a recurring deposit of a paycheck, pension benefit, Social Security or some other regular monthly income, must be made within 60 days and your account must remain open.

The reward is credited to the account within 60 to 90 days after all conditions are met and appears on your monthly account statement “Cash Trans Promo Reward.”

Alternatives to PNC checking accounts

If you're not certain a PNC checking account is the best fit for you and you’re comfortable with online banking, check out offers at other banks. There is a plethora of fintech startups, called challenger banks, which typically charge fewer fees than traditional banks with brick-and-mortar branches.

Pnc Atm Deposit Locations

Credit unions are another option, as long as you meet the membership requirements. Membership requirements are pretty lenient at some credit unions. Bankrate's list of the best banks for checking accounts includes a couple of credit unions. You can also find checking accounts with APYs of 1 percent and higher at certain banks.

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