I grew up in on Long Island in New York and went to school in Pittsburgh for several years and would end up settling in Maryland. I've only ever lived in the Mid-Atlantic region, if Long Island counts, and for my adult life, PNC Bank has always had a location nearby.
When I went off to school in Pittsburgh, I opened a student checking account at a local PNC Bank.
One of my first bank accounts was at PNC Bank, opened at the branch on the corner of South Craig and 5th Avenue. I did it because they had ATMs in the University Center and I didn't have a car. Back then, you had to do a lot in a branch. Nowadays, you can do most of it on a mobile app.
When I opened up my account, I think I got a t-shirt.
If you open up an account today, they'll give you hundreds of dollars. 🙂
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus to open your first Online Savings Account. Just open it with the code WH21 by 12/15/2021 and then deposit at least $15,000 to get the lowest bonus amount. Deposit $25,000 to get the higher amount.
How to get $50 – $300 from PNC Bank
PNC Bank is offering big bonuses if you open a checking account that includes their Virtual Wallet Product. The offer you get will depend on whether you are inside or outside PNC Bank's geographic footprint.
PNC Bank will give you up to a $400 cash bonus reward if you open up a new account. There are three accounts that qualify:
- Open a Virtual Wallet account and establish total qualifying direct deposits of $500+ and get $50.
- Open a Virtual Wallet with Performance Spend account and establish total qualifying direct deposits of $2,000+ and get $200.
- Open a Virtual Wallet with Performance Select account and establish total qualifying direct deposits of $5,000+ and get $300.
What's nice is you can open this completely online, no need to visit a branch. If you do need to visit a branch, use this branch locator to find them.
(Offer expires 9/30/2021)
How to Avoid Account Fees
There are account fees associated with each of the three accounts but they are easy to avoid. In fact, if you meet the bonus requirements and maintain that direct deposit, you avoid the monthly fee.
Otherwise, there are other ways to avoid them if you remove the deposit.
For the Virtual Wallet (no bonus), you can avoid the $7 monthly fee if you do one of the following:
- $500+ in qualifying direct deposits each statement period,
- $500 average monthly balance in Spend and Reserve accounts,
- Be age 62 or older.
For the Virtual Wallet with Performance Spend, you can avoid the $15 monthly fee if you do one of the following:
- $2,000+ in qualifying direct deposits each statement period,
- $2,000 average monthly balance in Spend and Reserve accounts,
- $10,000 combined average monthly balance in PNC consumer deposits.
For the Virtual Wallet with Performance Select, you can avoid the $25 monthly fee if you do one of the following:
- $5,000+ in qualifying direct deposits each statement period,
- $5,000 average monthly balance in Spend and Reserve accounts,
- $25,000 combined average monthly balance in PNC consumer deposits.
Oh, to set up the direct deposit, you may need to lookup your PNC Bank routing number.
Is This A Good Bank Offer?
There are offers with high dollar amounts but they often have deposit minimums or higher direct deposit requirements. This offer, of $200 to just open an account and receive a qualifying direct deposit (and make 10 purchases), is very easy to achieve.
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH21 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
Chase Total Checking® – $225
Chase Bank will give you $225 when you open a Total Checking account and set up and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
HSBC Premier Checking – $450
HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier checking account and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months. Click here to learn more about this offer.
Huntington Bank – up to $500
If you are a resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia then you could get up to $500 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they're great offers if you live in their geographic region. Click here to learn more about Huntington Bank offers.
So the PNC Bank promotion is a slightly lower bonus but has much easier bonus requirements to get the money.