Is there a monthly fee for PNC Bank?
Set Up Direct Deposit
Monthly Service charge of $5, or $0 if one of the following is met: Average monthly balance of $300. Linked to a select PNC checking account.
Maintain a linked PNC Merchant Services® account and generate a minimum of $500 in qualifying monthly processing deposits. The PNC business checking account receiving PNC Merchant Services processing deposits is the only account eligible to avoid the monthly account maintenance fee.
nbkc bank Everything Account
There is no monthly maintenance fee and no minimum monthly balance or activity requirement. Everything Account holders also get access to more than 37,000 fee-free ATMs in the MoneyPass network, and nbkc will reimburse up to $12 of U.S. out-of-network ATM fees per month.
| PNC Savings Accounts | ||
|---|---|---|
| Account Name | Minimum Balance for Highest APY | Monthly Fee |
| High Yield Savings Account | $1 | None2 |
| Standard Savings | $1 | $53 |
| S for Savings | $1 | $51 |
The Spend account charges a $7 monthly service fee, but there are ways that you can avoid the fee. To avoid the fee, you must meet one of the following three requirements: Keep an average minimum monthly balance of at least $500 combined in your accounts. Have monthly direct deposits of $500 or more.
The $25 monthly fee is waived if you meet one of these criteria: Monthly direct deposits of $5,000 a month to your Spend account. Combined $5,000 average monthly balance in the Spend account and up to eight linked PNC consumer checking accounts.
$0 annual fee**
The applicant must be a PNC Online Banking user to apply online.
- Talk to your bank. Every financial institution varies, but there are often ways to reduce or eliminate checking account fees. ...
- Maintain a minimum balance. ...
- Sign up for direct deposit. ...
- Sign up for online statements. ...
- Use your bank check card or credit card.
It doesn't cost anything to close a PNC or BBVA account, but it might cost you money to keep that account if they're charging you monthly maintenance or ATM surcharge fees. You can transfer money out of your account by way of ACH. Consider a new option that offers free ACH transfers and no monthly service fees.
Why am I being charged a monthly service fee?
Monthly Service Fee
Also called a maintenance fee. The bank might charge a fee each month, just for having the account. You might also be charged a fee if your balance drops below the required minimum.
A bank or credit union may charge a monthly maintenance fee in order to keep your checking account or savings account open. Not every financial institution charges these fees—and the ones that do may not apply the charges to every type of account.
Financial institutions are for-profit businesses and need to make money to survive. Monthly maintenance fees contribute to this profit and help cover operating costs. These monthly fees can help banks offset some of the costs involved with day-to-day operations and certain account features.
PNC's high-yield savings account offers a competitive rate. You can expect rates that are generally comparable to those of standard savings accounts offered by other brick-and-mortar banks if you choose a PNC standard savings account.
The PNC High Yield Savings Account is probably the bank's best product. It pays solid interest rate if you keep at least $1 in your account and doesn't charge monthly maintenance fees. This account is only available online, but not everyone is eligible to open an account.
While its basic savings accounts pay negligible interest, its high-yield savings accounts offer rates competitive with the best online savings accounts. Here's an overview of PNC savings account interest rates and how much you can earn.
The pros of PNC are that it has a great mobile banking app and high customer satisfaction scores. On the other hand, PNC bank's cons are that it charges high overdraft fees and doesn't have physical branch locations in all states.
Debit cards and ATM transactions
If you need a card replacement, you can expect a $7.50 hidden fee on your next statement. If you need it delivered immediately, it's an additional $25 fee. When you use a non-PNC Bank, you get charged $3 for every ATM transaction or balance inquiry.
Closing a bank account typically won't hurt your credit. Your credit score is based on how you manage borrowed money, and your checking or savings accounts aren't debts. So bank account closures aren't reported to the three major credit bureaus: Experian, TransUnion and Equifax.
| Bank | Daily ATM Withdrawal Limit | Daily Debit Purchase Limit |
|---|---|---|
| PNC | $500-$2,000 | $2,000 with PIN, $5,000 non-PIN |
| Santander | $1,000-$2,500 | $5,000-$11,500 |
| U.S. Bank | $500 | $10,000 |
| Wells Fargo | $300 | $600-$10,000 |
Does Zelle work with PNC?
With Zelle® and PNC, you can send and receive money with people you know and trust wherever they bank in the U.S. Parties on both sides of a transaction must have an eligible U.S. bank account to send and receive money.
| Alliant Credit Union | $0. |
|---|---|
| PNC Bank | $33 (waived for customers with Performance Select Checking). |
| TD Bank | $30 (waived for customers with TD Relationship Checking & Savings, TD Beyond Checking and TD Premier Checking accounts). *** |
| Truist | $35. |
PNC is the product of a merger of two distinguished Pennsylvania banks in 1983: Pittsburgh National Corporation and Provident National Corporation based in Philadelphia. Each of these institutions had served diverse markets so that merger creating PNC also became the largest bank in Pennsylvania.
Wire transfer fees
Here's what a wire transfer costs at PNC: Domestic wire transfer fee: Receiving an incoming wire transfer: $15. Sending an outgoing wire transfer: $25-30.
In other words, it's a good idea to have at least one to two months' worth of expenses in your checking account. If you make a transaction when there isn't enough money in your account to cover it, you could be charged an overdraft fee.
