$100 PNC Bank Checking Account Bonus & National City Conversion Update
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Update 7/6/10: There's a new promotions page for the $100 bonus. This one is scheduled to end on 7/31/10.
PNC Bank has another bonus for opening a checking account. It's listed on top of their checking account page. Here's the direct link to the promotion. The Free checking qualifies. It requires direct deposit of at least $400 per month along with 10 check card purchases. According to the small print, the checking account must be opened via the online application by 6/19/2010. However, the CSR said this should last until 7/10/2010. So if this page doesn't change after 6/19, you may want to check with PNC (800-762-5684). Here's some of the small print as listed in the promo page with my highlights of the important things to note:
Offer available only to new PNC customers. New personal checking account must be opened via online application between 6/07/2010 and 6/19/2010. To qualify for the $100 reward a Qualifying Direct Deposit must be received and at least 10 check card purchases made with your PNC Visa Check Card must be posted to the eligible account within 60 days of account opening. Your checking account must remain open in order for you to receive the $100 reward, which will be credited to the eligible account within 60 days after all conditions have been met and will be identified as "Promo Reward Cash Trans" on your monthly statement. A "Qualifying Direct Deposit" is defined as a recurring direct deposit of a paycheck, pension, social security or other regular monthly payment electronically deposited into a Free, Performance, Performance Select Checking account, or the Spend account for Virtual Wallet (each an "Eligible Account") on a recurring month-to-month basis. The amount of each recurring Direct Deposit must be at least $400. The recurring Direct Deposits must be made by an employer or an outside agency. Credit card cash advance transfers, transfers from one account to another or deposits made at a branch or ATM do not qualify as Qualifying Direct Deposits. Offer only available to new PNC Bank checking account customers who open the Eligible Account using the on-line application. Offer only available to residents of DC, DE, FL, IN, KY, MD, NJ, OH, PA and VA. Offer may be extended, modified or discontinued at any time and may vary by market. This is an online offer that is not available through the branch.
Some additional details about this Free checking account and the other checking accounts are in PNC Bank's Schedule of Service Charges and Fees. There was some concern in my last PNC post that the debit card would have a fee. This does not appear to be the case for the Free Checking account. The only potential recurring fee I see in the above document is $10 per year for having the Banking Card linked to a checking account. The CSR did not think this applied for the Free Checking. However, terms can vary based on your state so you may want to confirm this.
National City Conversions
According to PNC, today was suppose to be the completion day for the final phase of the conversion of National City branches into PNC branches. According to this Springfield news article, the conversion was done over the weekend:
All told over the weekend, account information for 1.6 million customers and signs at 390 branches in Illinois, as well as the states of Indiana, Missouri and Wisconsin switched to PNC
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.