PNC Bank, National Association is headquartered in Wilmington and is the largest bank in the state of Delaware. It is also the 6th largest bank in the nation. It was established in 1804 and as of March of 2014, it had grown to 50,563 employees at 2,968 locations. PNC Bank, National Association has a A health rating.
Deposited my payroll check with PNC's ATM Deposit service around 11:30 pm on my way home from work. I had checked with them before going into work that day about deposit posting turnaround times and was assured that my funds "Oh, would for sure be available for use around the end of the business day". No. No they would not as it turns out. As of 4 pm the following day I am informed that " the atm deposit service is a day behind so your funds wouldn't be available until tomorrow". I wish I had just waited to go to wal-mart to cash it now. I only get one day off a week so now instead of spending it with my girlfriend who I had promised to take out on a date I get to spend it in the doghouse without even the money to purchase dinner for just myself. All thanks to PNC. I will NEVER bank with you again.
Before I elaborate on my Virtual Wallet with performance spend acct. I have to admit something... I work for a direct competitor of PNC. With that being said this is NOT the opinion of some biased PNC employee.
Also, I have read all of the complaints below and I cannot believe how idiotic some of the people on here are. Are you seriously going to complain about OD fees? Or that your elderly relatives caretaker took them to the bank and they comitted fraud? Or that the ATM doesn't return your card the second after cash is dispensed? I have news for you people, these are idiotic complaints and instead of blaming PNC or whichever bank you will switch to and have the same problems (you will) why not educate yourself on how to not overdraw your acct, or take your lazy ass to a banking center and withdraw your IRA so you can transfer it.
This is the best account set up for someone like myself who is into convienience banking. I almost always use my debit card, have direct deposit, pay my bills online, and have auto transfer from checking to savings. With that being said, I can do all of this and more w/ my virtual wallet. The layout is in the form of a calendar which shows you the full picture for the month, I love this. I also like how easy it is to navigate and manage the multiple accounts that comprise the VW (spend for everyday things, reserve for OD protection/short term savings, and growth for longer term/higher interest savings). Not only do i get a decent interest rate on my growth balances (as of 6/14/11 it is higher than most banks in the Chicago market's shortest term CD special) I also earn rewards points for using my debit card and online banking.
The only improvements I would like to see are: an app for the android mobile phone OS that rivals the Itunes/Iphone version, and real time transaction balance posting like Chase bank does.
All in all PNC created the perfect acct for me and I think many more people such as myself will hopefully catch on to this because it's amazing. It's as if they took everything I could ever want and fold it into a useful interface/acct pkg. I didn't even mention the budgeting tools they provide you with and the ability to ACH transfer money to other accts you may have at different banks or pay someone at another bank, again lifesavers!
If you're into online banking and you like having a complete view of your finances do yourself a favor and check the VW accts out!
My husband and I have a PNC account that we really enjoy. We originally had National City, but stayed with PNC when they were bought. We really enjoy the extra features that PNC has to offer, such as allowing you acess to your money sooner. It makes it very convienent to leave the money in the bank instead of withdrawing all the time. I have all I need as long as I have my Debit Card with me. I also enjoy that my bank is very friendly and personal. They strive to call us by name, and are very attentive to our needs, even the needs of our two toddlers (lollipops of course) I love PNC bank and as long as they continue to treat us well, we will gladly bank through them.
Opened a new account and fulfilled all the requirements for the $150. promotion. Opened at the PNC branch inside the Giant supermarket in New Town (Owings Mills) MD. Just in case anyone lives around there, steer clear! Set up direct deposit within 60 days. made one Bill Pay within 60 days. total of all direct deposits greatly exceeded their required $2000. but PNC says that the $2000. had to be within the initial 60 days. Well, no, the fine print does not say that! I even kept the original promo offer *from their own ATM machine*. It does not require this. On the actual printout I got from *their own ATM* it does not say that. So why do these banks offer to pay us, and all they do is wind up creating ill will? I am fighting this and next step is to park my car outside the supermarket with a BIG sign on it. PNC is the worst. You would do better with a coffee can in the backyard.
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 PNC Bank, National Association had $4.74 billion in non-current loans and owned real-estate with $40.43 billion in equity and loan loss allowances on hand to cover it. This gives PNC Bank, National Association a Texas Ratio of 11.73% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for PNC Bank, National Association decreased slightly from 16.12% as of March 31, 2013 to 11.73% as of March 31, 2014, resulting in a positive change of 27.23%.This indicates that the balance sheet and financial strength for PNC Bank, National Association has improved slightly in recent periods.
In the past year, PNC Bank, National Association has increased its total deposits by $13.62 billion, resulting in 6.36% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth PNC Bank, National Association has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. PNC Bank, National Association has $313.36 billion in assets with $40.43 billion in equity, resulting in a capitalization level of 12.90%, which is excellent.
|FDIC Certificate #||6384|
|Assets and Liabilities|
|Equity Capital||$36.90 billion|
|Loan Loss Allowance||$3.53 billion|
|Unbacked Noncurrent Loans||$4.16 billion|
|Real Estate Owned||$581.65 million|
|Historic Data - March 2013|
|Equity Capital||$36.34 billion|
|Loan Loss Allowance||$3.83 billion|
|Unbacked Noncurrent Loans||$4.16 billion|
|Real Estate Owned||$855.69 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.23%|
|Return on Assets||1.09%|
|Return on Equity||9.27%|
|Interest Income||$2.38 billion|
Sorry, we do not have rate data for PNC Bank, National Association