Why do people use PNC Bank?
The seventh largest bank in the United States, PNC Bank offers customers access to thousands of branches and in-network ATMs. Depositors can take advantage of checking, savings, and money market accounts, as well as CDs and investments.
PNC is an industry leader in many other target markets as well. Our client list includes more than two-thirds of the Fortune® 500 as well as thousands of real estate, utilities, healthcare, government, higher education and not-for-profit entities.
It boasts a competitive APY on its online-only savings account (only available in certain states). PNC supports around 2,400 branches and offers access to around 60,000 fee-free ATMs. The bank provides above-average digital banking features.
Easy Access With ATM Withdrawals
For example, PNC cardholders can enjoy fee-free access to approximately 60,000 PNC and Partner ATMs across the country. This makes functions like withdrawing cash, checking balances, or even depositing money into your account easy and convenient.
Health* Two medical plan options with prescription drug coverage, three dental options and vision coverage. Comprehensive fertility coverage. Tax-advantaged Health Savings Account (HSA) with available PNC contributions, including wellness rewards.
We all share similar values at PNC. Values that strive for excellence and quality of life, celebrate differences and teamwork, show integrity and respect, and focus on the customers and communities we serve.
Strong Business Profile: Fitch views PNC's franchise as strong given its national and diversified business mix, solid deposit base and steady non-interest income. PNC is the sixth largest bank by deposit market share at 2.5% as of 2Q23 and is fourth largest by branch count, with 2,303 branches.
PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.
PNC Bank, National Association (PNC Bank) is a Main Street, regional bank headquartered in Pittsburgh, Pennsylvania. PNC Bank provides a range of traditional retail banking, home lending, corporate and institutional banking and asset management products and services. The PNC Financial Services Group, Inc.
PNC is the sixth largest bank in the country with over $500 billion in assets. That makes it dramatically smaller than the Big Four banks that are informally labeled “too big to fail” and formally classified as Global Systemically Important Banks (GSIBs).
What are the pros and cons of PNC Bank?
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.
With a LT IDR of 'A+', PNC remains one of the highest rated banks in North America. With the successful integration of the BBVA USA, Fitch recognizes that the bank's business profile has strengthened to some degree thus there is some potential for upward ratings potential.
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. Set up an Auto Savings transfer of $25 or more each statement period from your PNC Checking account to your Savings account.
Interested in becoming a PNC Private Bank client? If you have $1 million or more in investable assets and would like to work with a PNC Private Bank professional to achieve a unique purpose for your wealth, simply fill out and submit our form.
The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing. PNC is one of the largest Small Business Administration lenders and one of the largest credit card issuers.
$0. No minimum opening deposit and no minimum balance requirement.
PNC Bank is a subsidiary of The PNC Financial Services Group, Inc., a U.S.-based bank holding company headquartered in Pittsburgh, Pennsylvania, and founded in 1845.
We offer two service models that can help you open and maintain accounts in countries outside the United States. Once established, these new foreign accounts can be incorporated into International Multibank Services.
PNC's core values are 'Performance, Respect, Integrity, Diversity, and Teamwork.
Weakness is the area where PNC can improve upon by building strategies. Below mentioned are the weakness of PNC: Limited Success Across the Core Business: Although PNC is one of the leading organizations in its industry it faces challenges in moving to other product segments with its present culture.
What are the weaknesses of PNC Bank?
- Dependence on net interest income: PNC's profitability is heavily dependent on the net interest income it generates. ...
- Regional concentration: PNC's operations are concentrated primarily in the Midwest, Southeast, and Mid-Atlantic regions of the United States.
The difference between the two is that PNC offers various banking tools, waivable monthly fees and opportunities for interest boosts, while Chase offers greater branch accessibility, sign-up bonuses and specifically tailored account options.
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank. Key Takeaways: Chase is the largest bank in the country, holding over $3.38 trillion in assets.
Offers zero liability if your PNC Bank Debit Card or PNC Bank Visa Platinum Select Rewards Credit Card is used fraudulently. Adheres to the requirements of our Privacy Policy.
