Dedicated to Deposits: Deals, Data, and Discussion

PNC Bank Checking Account Bonus


PNC Bank has another checking account promotion. The bonus appear to vary from $75 to $150. The bonus that's listed online is only $75. However, if you contact PNC, you may find your area has a larger bonus. I used the online chat service, and the CSR said that a Florida zip code qualified for a $100 bonus. This SD member reported a $150 bonus for Michigan. This also appears to be available outside of PNC's market area. For a Texas zip code, the CSR mentioned a $75 reward and a $100 coupon good towards select Verizon wireless products. According to the CSR, the promo began on May 10, 2010 and runs for a full 2 weeks in all markets.

To receive the bonus that's larger than what's listed online, you will need to visit a branch or apply by phone or by the secure online chat. Below are the promo details that the CSR listed. It appears to be the same as what is listed online:

New-to-PNC checking customers must open a new Virtual Wallet, Free, Performance, or Performance Select Checking account during the offer period. A qualifying Direct Deposit of $400 or more must be received within 60 days of account opening. 10 check card POS purchases (PIN or signature) must be posted to the eligible account within 60 days of account opening Note: A qualifying Direct Deposit is a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into a Free, Performance, or Performance Select Checking account or Spend account of Virtual Wallet each statement cycle. The minimum amount of any single Direct Deposit must be at least $400. The 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.

Regarding a hard credit inquiry, the CSR said they do not do a hard pull when you apply for a checking account.

Update: A reader emailed me the following potential gotchas with this promo and PNC checking accounts:

--The direct deposit must be $400.
--If your account is closed in fewer than 6 months, a $25 fee is debited.
--There is a $3.50 monthly debit card fee unless $2,000 average monthly balance is maintained.
--There is, I think, a $10 (yearly) card fee because the card is "linked" the checking account (I'm not sure what this means).

National City Conversions

I reviewed the status of National City conversions in March. It appears the last conversions should be completed by June 14, 2010.

PNC Bank has been a FDIC member since 1934 (FDIC Certificate # 6384).

Other Bank Bonuses

To find other bonus deals at other banks, please refer to my bank bonus page which has all of my recent bank bonus posts.

  Tags: PNC Bank, checking account, Delaware, Florida, Indiana, Kentucky, Maryland, New Jersey, Ohio, Pennsylvania, Virginia

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Comment #1 by Jeanne (anonymous) posted on
Too many ifs, ands, or buts, to be worth it for me. But if I move to Michigan by the 24th, I'll consider it. :)

Please excuse my cynicism, but if the CSR of any bank claims that there would not be a hard credit pull, when in fact there is, I wonder what's to keep them from saying later, "Sorry, the new CSR was confused when you asked that question."

Comment #2 by Anonymous posted on
Does PNC still allow account funding by credit card?  Is the limit still $2k?

Comment #4 by Adam S (anonymous) posted on
Adam S
--There is a $3.50 monthly debit card fee unless $2,000 average monthly balance is maintained.

I looked at the scheduled fees and the only one that resembles anything like this is $3.50 charge if you use your card at a non-PNC ATM, unless $2,000 average monthly balance is maintained.

--There is, I think, a $10 (yearly) card fee because the card is "linked" the checking account (I'm not sure what this means).

$10 annual fee. Affinity cards included are: PNC Park, Pittsburgh Steelers, WBS Penguins, Washington Nationals, Detroit Pistons, Cleveland Browns, Philadelphia Flower Show ($5 of the $10 is donated to the PA Horticultural Society annually), USA Flag ($5 of the $10 is donated to the American Red Cross annually) asks for your zip code maybe different for different areas

Comment #5 by John S (anonymous) posted on
John S
Yes they also still allow a credit card for funding up to 2k... I called and a few representatives said it went through as a cash advanced; however, I called back and asked for a supervisor who confirmed it went through as a charge and not a cash advance. And it did go through as a charge/purchase.