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$100 Checking Account/Direct Deposit Bonus at PNC Bank

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PNC Bank has a checking account promotion in which you can earn $100 when you open a new PNC checking account with qualifying direct deposit. The offer ends June 14, 2008.

The direct deposit must be at least $500, and it looks like ACH transfers will not qualify. Here's what is stated in the small print:
A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into checking account. The minimum amount of any single Direct Deposit must be at least $500. Direct Deposits must be made by an employer or an outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits.

It's a web-only offer. I've been told by PNC reps for past promotions that people from any state can apply. I've also been told that there's no hard credit pull. They just do a ChexSystem verification.

Free Checking qualifies for this promo. This requires a minimum $25 initial deposit. It has no monthly fees or minimum balance requirements. Bill Pay is free.

My last report on a PNC promotion was in March when PNC was offering 5% rebates on all debit card purchases. This seems to have expired.

Branches are located in Delaware, the District of Columbia, Florida, Virginia, Kentucky, New Jersey, Ohio, Maryland, and Pennsylvania. The bank is FDIC insured (FDIC Certificate # 6384).

  Tags: PNC Bank, checking account

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Comments
3 Comments.
Comment #1 by Anonymous posted on
Anonymous
1. How long before you can close thr account?
2. Can you withdraw funds that are DD?

1
Comment #2 by Scott (anonymous) posted on
Scott
I did a similar offer back last November for $101. PayPal transfer of $500 counted as direct deposit for me and account was credited within a week. To answer above questions:

1. You must wait 6 months to close without incurring a fee (I just successfully did this two weeks ago).
2. You can withdraw the direct deposit funds whenever (I did this almost right away and left only $1 in the account for several months).

1
Comment #3 by Anonymous posted on
Anonymous
Regarding Sept2007 Consumer Schedule of Service Charges and Fees, there are no charge for use of non-PNC Bank ATMs in US and all other countries (as long as balance is at least $2000 for free checking; 2500 for performance checking), and other bank's ATM surcharge fees are reimbursed! International ATM transactions do not incur the international fee for ATM transaction; but international purchases and cash advances with PNC Bank Visa Check card is subject to 2.5%.

1