About Ken Tumin

Ken Tumin founded the Bank Deals Blog in 2005 and has been passionately covering the best deposit deals ever since. He is frequently referenced by The New York Times, The Wall Street Journal, and other publications as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents DepositAccounts.

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History of PNC Bank Bonus Payouts


PNC Bank has a long history of offering checking account bonuses. Have you participated in a past PNC promotion? If you have, did they pay the the bonus as promised? Please take my poll to answer this question.

Since PNC continues to come out with new promotions, I decided it would be useful to have a poll for readers who have participated in past PNC promotions. It asks if the bank has paid the bonus as promised. If they did pay, did you have to call or visit a branch to get the bank to pay? If they didn’t pay, was it the bank’s fault for not paying (You think you should have been paid since you met all of the bonus requirements.)

The results of this poll should help readers decide if future promotions are worthwhile. If many people report not receiving the bonus, you might not want to waste your time on the promotion. It’s common for readers to leave comments when the banks didn’t pay, but it’s less likely for those who did receive the bonus to comment. Hopefully, the poll will encourage both sides to respond.

PNC’s checking account bonuses have typically required direct deposit and online bill pay. If the customer fails to meet these requirements within 60 days of when the account was opened, no bonus will paid. That doesn’t appear to be the most common reason for customers failing to receive the bonus. One reader commented that a PNC branch representative did not code his account properly. So no bonus was automatically credited even though he met all requirements. The reader said he had to complain to PNC headquarters before PNC finally paid the bonus.

Even if you receive the bonus at PNC, you may not come out ahead in the long run. You have to be careful that you avoid monthly service fees. PNC announced the end of its free checking accounts in June. Nevertheless, if you’re careful, these bonuses can be good deals.

Bank Bonuses

To view polls of other banks’ reputations with honoring bonuses, please refer to this list of bank promotion polls. These include banks like Chase and Bank of the West.

You can view my latest bank bonus blog posts in this bank bonus page. I and DepositAccounts.com readers often post on bonuses in the bank deals forum.

Related Pages: PNC Bank, checking account

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  |     |   Comment #1
Met all of the requirements to the letter, but they still refused to give me the bonus.

They also refused to tell me why they refused to give me the bonus.

Finally gave up arguing with them after going round and round with them for weeks.

Closed my account, and will never set foot near them again.

Total scam.  Fraudulent.  They should be prosecuted, but we all know that will never happen.



  |     |   Comment #2
I didn't receive any promotion bonus from this bank, even I meet all the requirements as the Fine Prints. I went to the branch office. I showed them all the proof that I've done all the transactions as required to qualify for the bonus, and they agree with me. But they told me that they had to do some investigation for the reasons that I didn't get the credit. That's fine. But after I callled a few times and stopped by the brach offices during the following two months, they told me it's still in the process of investigation....finally I realized that I will never get the bonus. I closed all my accounts with this untrustworthy bank and won't even bother looking at any promotion they posted. Simply PNC bank is not a reliable and trustworthy bank.
  |     |   Comment #3
Few years back. you just open an account and the bonus was there.

Now all kind of hoops, direct deposits, e-statements, 10 purchases via debit card, , bill pays and so on and on top of that all must be done within 30-60 days, but you don't know you account number until you mail signature card and it may take up to a month to know it. It is all done on purpose to fail to qualify for the bonus.
  |     |   Comment #4
Called on Day 60, CSR told me the bonus was not coded when I opened the account but acknowledged that I had met the requirements.  She said she added the code and asked me to please wait a couple of days.  Bonus was credited 2 days later.
  |     |   Comment #5
PNC Bank did not pay my $150 bonus because although I made over $2000 worth of direct deposits, they were not made within the first 60 days. The terms of the promotion did not specify this, but the bank insists it was what they meant. The CSR certainly never spelled it out when I opened the account. I submitted a complaint about this to the Consumer Financial Protection Bureau (#140925-001666). Unfortunately, while they do provide a convenient forum for allowing consumers and institutions to exchange their claims and arguments in a timely manner, they are not empowered to actually make a decision on these kind of consumer disputes, and the bank chose to stick to its position. I imagine they are well aware few people would invest the money and time to pursue a civil claim.
  |     |   Comment #6
Small Claims court?
  |     |   Comment #7
File a complaint with the CFPB they go after the banks for not paying what they owe.
  |     |   Comment #8
PNC tried this with me, once I filed an online complaint with the CFPB they paid within 7 days. Monica Panahera is a workplace account specialist and the biggest liar at PNC. She promises you the world then when you meet the requirements you get nothing and she is no help. She deserves to be fired for lying to consumers.
  |     |   Comment #9
PNC recently closed its branches in my area, which was some consolation for having had a bad experience with them not paying a promised bonus.

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