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PNC Financial institution Overview 2023: Checking and Financial savings Accounts

PNC Monetary Companies could have a small geographic footprint, however it’s mighty with regards to its belongings.

The truth is, PNC Financial institution, which operates in 28 states and the District of Columbia, is ranked as one of many 9 largest banks within the U.S. primarily based on belongings.

Whereas dwelling in one of many states with bodily branches is good for PNC clients, PNC does supply checking accounts and financial savings accounts to clients exterior of its bodily areas with the arrival of on-line banking.

In our PNC financial institution assessment, we are going to study a few of the core accounts provided, together with the Digital Pockets choices and the Excessive-Yield Financial savings. We’ll additionally check out small enterprise banking, cellular banking, customer support and comfort earlier than weighing the professionals and cons of a PNC checking account and a PNC financial savings account (and the totally different choices obtainable) and tackling any ultimate unanswered questions on PNC Financial institution.

PNC Checking Accounts

Under we deal with two PNC checking accounts intimately after which contact on its providing for college kids, which mixes checking and financial savings.

PNC Digital Pockets

Greatest For Fundamental Checking Account Companies

Key Options

  • No month-to-month service cost with necessities
  • 60,000 obtainable ATMs freed from cost to be used.

PNC Digital Pockets is the introduction to PNC checking and financial savings companies. It presents no curiosity for checking account balances as extra superior PNC accounts do, however it presents no month-to-month charges and entry to all PNC-linked ATMs. Like different PNC checking accounts, the Digital Pockets may be linked to a financial savings account (Progress) and a particular funds account (Reserve).

PNC Digital Pockets



Month-to-month charges


In-network ATMs


Extra Particulars on PNC Digital Pockets

ATM Charges

ATMs are an vital a part of checking accounts, as they allow you to deposit and withdraw cash shortly and simply. The settlement with Allpoint ATM Community vastly expanded PNC Financial institution’s protection of ATMs obtainable with out charge. 

In complete, PNC Financial institution clients can use 60,000 ATMs throughout the U.S. with out a surcharge.

Nonetheless, PNC Financial institution does supply as much as $5 of ATM surcharge charge reimbursement per 30 days and two free a month. 

PNC Cellular App

The PNC Cellular App at present has a 4.8 star ranking on the App Retailer (primarily based on roughly 1.2 million rankings) and 4.2 stars on Google Play (primarily based on almost 218,000 rankings).

The app does every little thing you’ll anticipate a web-based financial institution app to do by way of private finance. With the PNC Cellular App on your Digital Pockets with Efficiency Spend account, you’ll be able to:

  • Carry out cellular examine deposit.
  • Switch cash between PNC checking and financial savings accounts and even exterior financial institution accounts.
  • Use On-line Invoice Pay to trace and schedule invoice funds.

Android customers can even make the most of PNC Pay to pay with their cellular gadgets. In any other case, you need to use the normal Visa debit card (PNC Banking Card) or the old style checkbook for the Digital Pockets account.

Checking with Efficiency Spend

Greatest For No Charges

Key Options

  • No month-to-month service charges (when assembly sure re
  • $25 minimal deposit to open
  • Insured by FDIC

The core PNC checking account is known as the Digital Pockets Checking with Efficiency Spend. That is solely a checking account, whereas another choices from PNC Financial institution mix checking and financial savings accounts.

Checking with Efficiency Spend



Month-to-month charges


No surcharge ATMs

60,000 (because of partnership with Allpoint ATM community)

Extra Particulars on PNC Digital Pockets Checking with Efficiency Spend

APY (Annual Share Yield)

PNC’s Digital Pockets account with Spend doesn’t earn curiosity. There are many on-line checking accounts that do accrue curiosity or reward you with money again for debit card swipes.


Whereas there isn’t any month-to-month upkeep charge related to the PNC Digital Pockets with Efficiency Spend account, Digital Pockets does produce other charge sorts:

  • A 3% international transaction charge
  • A $36 overdraft merchandise charge (max 1 per day)
  • A $36 overdraft merchandise charge and returned merchandise charge/nonsufficient funds (max 4 per day)

The overdraft charges stand out right here, particularly as different monetary establishments are casting off them totally.

Along with international transaction and overdraft charges, PNC adjustments charges for ATM statements and outgoing home wire transfers and incoming and outgoing worldwide wire transfers.

Low Money Mode

The PNC Digital Pockets Checking Professional with Spend account now comes with Low Money Mode, which alerts you when your stability is low. It additionally means that you can decide whether or not you need sure funds to undergo or be returned (and provides you a 24-hour grace interval to fund the account).

Digital Pockets With Efficiency Choose

Greatest For Full-Suite Banking In One Place

Key Options

  • Hybrid checking and financial savings account
  • Excessive-yield APY on financial savings
  • No month-to-month service charges

Digital Pockets With Efficiency Choose

Extra Particulars About PNC Digital Pockets With Efficiency Choose

The core of this account is similar. The Spend portion of the account features in the very same means:

  • No account curiosity for checking (Spend)
  • No minimal opening deposit
  • Insured by FDIC (Federal Deposit Insurance coverage Company)
  • 60,000 ATMs with $5 out-of-network ATM surcharge reimbursement
  • Cellular app to carry out primary checking actions
  • Overseas transaction charges and overdraft charges (extra on this momentarily)
  • Low Money Mode

So How Is It Totally different?

Digital Pockets with Efficiency Choose does accrue curiosity at 0.01%. It additionally permits for as much as eight different PNC accounts to be bundled, together with the Reserve and Progress accounts which might be mentioned now.

Reserve and Progress

The Reserve and Progress accounts are attachments to the Digital Pockets, Digital Pockets with Efficiency Spend and Digital Pockets with Efficiency Choose checking accounts.


The Reserve account is a separate checking characteristic for short-term planning. Consider it as a spot the place you’ll be able to switch cash for an upcoming trip, live performance tickets or an upcoming scholar mortgage fee. This cash is untouchable for on a regular basis transactions; it’s primarily a useful resource to maintain you from burning by way of your hire cash on an unintended, wine-influenced on-line purchasing spree.

The Reserve account earns curiosity on the miniscule charge of 0.01% for all account sorts, however that’s much like primary checking account rates of interest all through the business.


This account is a financial savings account connected to your checking account, serving the aim of offering long-term storage of money. The Progress account does accrue curiosity, beginning at 0.02% for the Digital Pockets account as much as a stability of $2,500, then 0.03% for balances above $2,500. For each the Efficiency Spend and Efficiency Choose account sorts, the Progress addition presents a promotional charge of three.60% on balances of a minimum of $10,000 for the primary 12 months. Thereafter, Efficiency Spend Progress accounts accrue curiosity of 0.03% and Efficiency Choose 0.04%

Evaluate the three accounts and what’s provided with the Reserve and Progress choices in every case right here.

The Reserve and Progress accounts additionally function overdraft safety. PNC calls it “two layers of overdraft safety.” Basically, if you’re vulnerable to paying an overdraft charge, PNC will first try to drag cash from these two accounts to cowl the cost.

Digital Pockets Scholar Account

PNC does supply a checking and financial savings account combo for college kids referred to as the Digital Pockets Scholar account. It consists of an computerized courtesy refund on your first overdraft however then overdraft charges kick in after that. It supplies $5 of ATM reimbursement.

PNC Financial savings Accounts

PNC presents a high-yield financial savings account, plus an ordinary financial savings, cash market and CD choices. Under, we take a more in-depth take a look at the high-yield financial savings, at present with an APY of 4%.

PNC Excessive-Yield Financial savings Account

Greatest For Savvy Savers

Key Options

  • Excessive-yield APY
  • No month-to-month service charges
  • No minimal stability or minimal opening deposit

PNC’s Excessive-Yield Financial savings account is the Progress a part of the Digital Pockets account with a extra particular title. Basically, that is an choice should you solely desire a financial savings account with PNC however no checking account. Like the opposite accounts, this financial savings account is insured by the Federal Deposit Insurance coverage Company (FDIC).

PNC Excessive-Yield Financial savings Account


0.04% on Progress account

Month-to-month charges


In-network ATMs


Extra Data About PNC Excessive-Yield Financial savings

APY (Annual Share Yield)

Just like the Progress portion of the Digital Pockets Checking, the PNC Excessive-Yield Financial savings account at present boasts a 4% rate of interest.

PNC Cellular App

As a result of this can be a financial savings account solely, most of the options that you just’d use for private finance are usually not relevant. Nonetheless, you need to use the cellular app for account transfers (from exterior accounts or PNC checking accounts), cellular examine deposit and an computerized financial savings plan.

Funding the Account

You may fund your Excessive-Yield Financial savings account by way of wire switch, direct deposit or an exterior switch from a linked checking account.

Different PNC Financial savings Choices

Whereas the Excessive-Yield Financial savings account is the flagship choice, PNC does supply different deposit accounts that accrue curiosity:

  • The PNC Commonplace Financial savings account
  • The PNC Premiere Cash Market account
  • PNC CD accounts

PNC Commonplace Financial savings requires no minimal deposit, carries month-to-month upkeep charges that may be waived and is FDIC insured. To waive the charge, preserve a mean month-to-month stability of $300, hyperlink your account to a Digital Pockets or arrange an auto financial savings switch of $25 or extra every month. The charge is mechanically waived if you’re beneath 18 years previous.

The PNC Premiere Cash Market account rewards you for investing extra. The more cash within the account, the upper the rate of interest. Nonetheless, there are month-to-month charges which can be solely waived if in case you have a minimum of $5,000 within the account or if in case you have a linked Digital Pockets account.

PNC Financial institution presents mounted charge CDs (certificates of deposit) starting from seven days to 10 years. There’s a minimal $1,000 to open with early withdrawal penalties. Alternatively, you’ll be able to open a Prepared Entry CD starting from three to 12 months.

PNC Financial institution Overview: Key Options

Along with the core PNC accounts, this assessment will cowl banking with PNC as a small enterprise, in addition to our evaluation of the cellular app, customer support and comfort.

PNC Small Enterprise Banking

Small enterprise homeowners can select from a number of small enterprise checking accounts at PNC:

  • Enterprise Checking
  • Enterprise Checking Plus
  • Treasury Enterprise Plan
  • Evaluation Enterprise Checking
  • MMDA Sweep
  • Non-Revenue Checking
  • Enterprise Curiosity Checking
  • IOLTA – Curiosity on Legal professionals Belief Account

The Enterprise Checking account requires a $100 minimal deposit to open.

The month-to-month service charge is just $10, however it doesn’t take impact for the primary three assertion cycles. However you will get that waived should you:

  • Preserve a mean month-to-month collected stability of $500.
  • Hyperlink to a PNC enterprise bank card and use that card to make a minimum of $500 in purchases.
  • Preserve a linked PNC Service provider Companies account and deposit a minimum of $500 every month.

PNC Enterprise Checking permits for as much as 150 transactions and $5,000 in money deposits per 30 days at no cost.

You may as well get free on-line banking and invoice pay in addition to arrange an overdraft safety for no charge. They cost $2 every month for paper statements, however you’ll be able to simply keep away from that by going paperless.

You may as well browse small enterprise financial savings account choices:

  • Premium Enterprise Cash Market Account
  • MMDA Sweep
  • Certificates of Deposit

PNC Comfort

At the moment, PNC has bodily areas in 28 states and the District of Columbia.

In case you’re in search of an ATM, PNC has 60,000 whereas rivals typically have 80,000+. Nonetheless, PNC does supply a excessive ATM reimbursement quantity every month.

Whereas this assessment seems to be at checking and financial savings choices, you will get a full suite of companies from PNC, together with bank cards, mortgages, automotive loans, private loans, traces of credit score, scholar loans, scholar mortgage refinancing, army banking and funding accounts.

PNC Cellular Banking

PNC’s cellular app is intuitive and simple to make use of and has garnered excessive rankings on the App Retailer (4.8 stars) and Google Play (4.2 stars). The latest addition of Low Money Mode is a recreation changer for inexperienced persons.

Most of the monetary wellness options talked about on this assessment can be found on the app. You may set your financial savings targets and computerized financial savings deposits. You may create budgets for various classes. It’s designed to be an all-in-one banking and budgeting app, which suggests you received’t must set foot in a department should you don’t need to.

PNC Buyer Service

As a result of PNC operates bodily areas but additionally acts as a web-based financial institution, customer support is comparatively good. You may go into branches if you’d like in-person assist, however it’s also possible to chat on-line and even name for assist.

PNC customer support has varied numbers and hours relying in your want and account.

Execs and Cons

Our execs and cons about PNC could enable you to resolve if that is the precise financial institution for you.


  • No month-to-month upkeep charge and no minimal stability
  • Monetary wellness instruments for saving and budgeting
  • Extremely rated cellular app
  • Low charges for enterprise accounts
  • Numerous choices for CDs for phrases and quantities


  • The $36 overdraft charge — which may be issued as much as 4 occasions a day — is steep
  • Sub-par rates of interest throughout the board

Incessantly Requested Questions (FAQ) About PNC Financial institution

Nonetheless have questions on banking with PNC? We’ve supplied solutions to a few of the commonest questions readers like you might be asking.

Does PNC Reimburse ATM Charges?

PNC has a community of 60,000 fee-free ATMs. In case you use an out-of-network ATM and incur a charge, PNC will reimburse surcharges. The max variety of month-to-month reimbursements (or the entire quantity reimbursed every month) varies by account.

Observe: ATM reimbursements apply to home ATMs solely. PNC won’t reimburse charges at international ATMs.

Is PNC Just for Individuals in Sure States?

Whereas PNC doesn’t function bodily branches in each state, you’ll be able to open an account from any state on-line so long as you’re a U.S. citizen. The account choices and promotions do range by state, nonetheless.

You should use Zelle by way of your PNC cellular app.

PNC has bodily areas in additional than half of the states within the US, however you’ll be able to financial institution with PNC with out ever setting foot in a brick-and-mortar financial institution. In that means, PNC can function like a web-based financial institution. Is it simply not on-line solely.

Does PNC have Overdraft Safety?

PNC presents just a few options for overdrafts. That begins with Low Money Mode, its overdraft prevention characteristic. In case you do overdraft, PNC presents overdraft safety from linked PNC accounts. You may as well choose in to overdraft protection, however this carries hefty charges.

PNC Financial institution Overview: Our Closing Ideas

PNC Financial institution doesn’t have a month-to-month charge and does supply curiosity on its financial savings merchandise. Nonetheless, for each checking and financial savings accounts, there are on-line banks providing the next annual proportion yield, no month-to-month charge, and higher comfort. That stated, the PNC Cellular App is its saving grace.

A few of the private finance instruments provided digitally by way of the app may be nice for these simply studying cash administration, however the threat of an overdraft (and the excessive price to handle it) would deter me from recommending this to inexperienced persons, for whom these very instruments are designed.

Nonetheless in search of a financial savings account that earns you curiosity and provides you the pliability you want? Try our checklist of the perfect financial savings accounts for 2023  earlier than making a ultimate determination.

A word on financial institution promotions

PNC Financial institution typically makes our checklist of the finest financial institution bonuses, which means you’ll be able to steadily depend on a reward for beginning an account. Sometimes, you want to meet some standards to earn the bonus, like receiving qualifying direct deposits. Qualifying direct deposits are usually direct deposits that come from an employer or the federal government. Peer-to-peer funds, like Venmo, don’t depend as a direct deposit.

States the place PNC Financial institution operates

You will discover bodily branches of PNC within the following states, in addition to the District of Columbia:

  • Alabama
  • Arizona
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Virginia
  • West Virginia
  • Wisconsin

Timothy Moore covers financial institution accounts for The Penny Hoarder from his dwelling base in Cincinnati. He has labored in enhancing and graphic design for a advertising company, a world analysis agency and a serious print publication. He covers a wide range of different subjects, together with insurance coverage, taxes, retirement and budgeting and has labored within the subject since 2012. Data from former contributor Tyler Omoth is included on this report.



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