You’ll get access to over 9,000 in-network PNC-brand ATMs across the country. While you can choose to open any Virtual Wallet as a checking account only, you’d be missing out on higher interest rates for your unused cash by not utilizing its Reserve and Growth cash buckets. The PNC Virtual Wallet breaks the mold of traditional banking by letting you enjoy the best of both worlds with short- and long-term savings along with a checking account. Two out-of-network ATM fee reimbursements of up to $5 a month.One free incoming wire transfer per month.$0 for the first six years, then $7 when it converts to a regular Virtual Wallet accountĪfter six years, you’ll need to meet one of the following: Up to $20 ATM reimbursements for third-party out-of-network ATM fees per month.Up to $10 ATM reimbursements for third-party out-of-network ATMs.$5,000+ total monthly balance in your Spend and Reserve accounts.$5,000+ in monthly direct deposits to your Spend account.Those who regularly use out-of-network ATMs Two out-of-network ATM fee reimbursements a month of up to $5.Receive at least $1,000 in monthly direct deposits and are a military member.$2,000+ total monthly balance in your Spend and Reserve accounts.$2,000+ in monthly direct deposits to your Spend account.Those who periodically use out-of-network ATMs $500+ total monthly balance in your Spend and Reserve accounts.$500+ in monthly direct deposits to your Spend account.Those who want a no-frills checking account and keep a balance of at least $500 Fees and perks vary by product, so you can hone in on the checking and savings account combo that best fits your needs. Each one bears interest and comes with an ATM card. There are five types of Virtual Wallet accounts to choose from. Plus, most accounts come with a monthly fee, so the Virtual Wallet makes the most sense if you also qualify to waive the fee, which varies depending on which account you choose. So not all customers will enjoy a competitive interest rate. All international money transfer services.Best debt consolidation loans of October 2023.The Growth account is also your secondary overdraft protection, in case there's not enough money in your Reserve account when and if you overdraw the Spend. It also offers you tools and resources that help you save more. Growth: you can use Growth to save money, and watch it grow over time, as this account lets you earn interest on your balance. In case you go overdrawn with your Spend account, PNC Bank will use the funds available in your Reserve account to cover the amount.ģ. Once you've saved enough for whatever you might have planned, you can transfer the money to your Spend. The Reserve savings account is also your primary overdraft protection. Reserve: you can use it to set money aside for anything you want - school tuition, travel, emergency, etc. It comes with a debit card, unlimited check writing, and free access to 9,000+ ATMs.Ģ. Spend: you can use Spend for daily budgeting, money management, bill pays, and more. Each of these has its own features and benefits:ġ. Spend, Reserve, and Growth are checking, interest-bearing, and savings accounts combined into one product offered by PNC Bank. Free mobile transfers via the Virtual Wallet app.Free Balance tools, including Money Bar® and Danger Days SM, to see how much money you have available for spending or whether you're at risk of going overdraft.Safe deposit discount of $100 annually. ![]() No charge for PNC Exclusive or $12 discount on select check designs.Higher relationships rates on savings accounts (need to have a linked Performance Select Checking or Virtual Wallet with Performance Select), T&C apply.Up to 6 additional checking or savings accounts for no monthly fees.PNC Purchase Payback® Cashback Program.Free Online and Mobile Banking, including online statements, and Online Bill Pay.Built-in overdraft protection, without setup or transfer fees.Up to $20 reimbursed at the end of the statement period for other financial institutions' ATM surcharge fees.Free access to around 9,000 PNC Bank's ATMs.Growth Account balance APY rates: 0.10% to 0.35% (terms and conditions apply).Reserve Account balance APY rates: 0.01%.Spend Account balance APY rates: 0.01%.Monthly fee can be waived if you keep a $5,000 or more average monthly balance in your Spend + Reserve and up to 6 additional PNC Bank consumer checking accounts you have chosen to link OR if you keep $5,000 or more in total qualifying monthly direct deposits to the Spend OR if you keep a $25,000 combined average monthly balance in PNC consumer deposits and investments.
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