PNC Bank originated in 1852 and is now the sixth-largest commercial bank in the nation by consolidated assets, according to the Federal Reserve. The bank is a coast-to-coast franchise in 30 markets, with about 2,300 branches and 60,000 PNC and partner ATMs.
If you want a full suite of personal banking products and services, PNC Bank can be a good option. You can access checking, savings, certificates of deposit (CDs) and more.
PNC Bank offers a Virtual Wallet that combines checking and savings accounts with digital tools for managing your money. With qualifying direct deposits, the monthly service fee is waived on the checking account, and you’ll be eligible for a relationship rate on the savings account. That annual percentage yield (APY) is 4.00% on balances over $1.
The bank’s high-yield savings account has an APY of 4.65%, but it's only available in eligible markets or at select PNC locations. You’ll pay no monthly service fees, and the account has no minimum initial deposit or balance requirements.
CD options include terms from seven days to 10 years, with a minimum deposit of $1,000. The bank offered a 4-month CD with an APY of 5.05% and a minimum deposit of $1,000, as of May 21, 2024. Availability may vary based on location, and the bank encourages people to schedule an appointment with a PNC specialist.
For personal banking customer service, call 888-762-2265 from 8 a.m. to 9 p.m. Eastern time Monday through Friday or 8 a.m. to 5 p.m. ET Saturday and Sunday. You can also visit a branch for support.
PNC Bank pros and cons
Pros:
• Large branch network
• Robust digital banking capabilities, including the Virtual Wallet
• High-yield savings account with a competitive rate (Note: not available in all markets)
Cons:
• Services are not available nationwide
• Product availability varies by PNC location
• CDs must be opened by appointment
Ethically Done
Apparently I have been married for 5years and I had three kids for my husband but he always came home late often and claimed he was busy late at the office, I just had access to his Facebook,Instagram,Snapchat,whatsapp and text messages and found out he was sleeping with my friend from work. It’s obvious life gets at you fast! I’m glad I knew this as soon as possible all thanks to Thomas never ever fail me Contact him on tomcyberghost@ gm ail. com Text,Call and WhatsApp +1(404) 941-6785
Beware Personal Information Shared
Filled out an application for a home equity line of credit. Not five minutes after finishing the application the phone number we used on the form started getting telemarketer spam calls for similar products.
Either PNC or one of their "trusted" affiliates sold our information to a massive number of solicitors. Over 20 telemarketer calls per day across two weeks, including Saturdays and Sundays. Didn't matter that the phone number was on the National do not call list. Do not work with this bank unless you're okay with the constant barrage of harassment you'll get from email & phone calls when your info gets shared.
Their marginally better rates do not make up for what they did.
Started Charging Me Random Fees
I banked with them off and on for over 12 years. My latest experience is the last I will ever have with this bank. I opened an account and it received direct deposits for several months before I switched jobs and the direct deposits stopped. There was over $9000 sitting in the account at that point and the account had no activity on it but it met the minimum to avoid fees. So they started charging $3 a month for 'scanned check fee'. I saw 4 of those on my statement, then a $5 charge for the same thing. When I saw this I freaked out and thought there was fraudulent activity on my account, but the only activity was the charge for these 'scanned checks'. Now keep in mind there was not one single check written on this account. These garbage fees showed up with no notice. Long story short, I contacted the bank and customer service was useless. I went to a branch and the branch manager actually shrugged at me and said 'the computer is not letting me reverse the charges'. Oh. Well, Tee-hee, isn't that adorable? What customer wouldn't be satisfied with that? Are you kidding me? So I closed the account and filed a complaint with the regulating agency of this bank. Oh, now they want to talk to me. Some wonk called me and the first thing I here is 'this is a recorded line'. So hung up on that, get an email about 'resolving this issue'. I said the resolution is to refund me the $17 that was taken out in junk fees for a service not disclosed and certainly not actually used since no checks were written on this account. I finally got my $17. Yes, it is a small amount but it is MY money. Do not just roll over when a bank starts in with junk fees. If nothing else, complain to as many regulators, BBB, State Attorney, whatever to cost them way more in lost man hours answering the complaints regarding $17. If they know people will fight them tooth and nail when they raid our accounts, they will stop doing it. There are so many class action lawsuits that spring from situations like this. No bank wants to be on the radar screen of a regulating agency for engaging in grift and junk fees. I will never do business with this bank again.
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Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6384 |
| Year Established | 1804 |
| Employees | 54309 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.11% |
| Return on Equity - YTD | 11.95% |
| Annual Interest Income | $26.27B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $556.1B$557.5B |
| Loans | Q4 2024vs Q4 2023 | $312.9B$317.5B |
| Deposits | Q4 2024vs Q4 2023 | $433.6B$429B |
| Equity Capital | Q4 2024vs Q4 2023 | $53.45B$50.11B |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $4.49B$4.79B |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $3.04B$2.92B |
| Real Estate Owned | Q4 2024vs Q4 2023 | $26.8MM$31MM |
