PNC Bank Promotions: Get $50 – $300 For New Checking Account

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 Bank Logo

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.

Learn more about this offer

How to get $50 – $300 from PNC Bank

PNC Bank Logo

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.

Learn more
(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.

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About Jim Wang

Jim Wang is a thirty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

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These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

  1. Cassandra Cooper says

    I was not able to find the Performance Select option. I called PNC, and they were aware of a $300 offer for Virtual Wallet with Performance Select, but the website only gives me two options: Virtual Wallet Checking Pro with Spend, Reserve & Growth, or Virtual Wallet Checking Pro with Spend. The website prompted me to enter my zip code, so I wonder if that is what is limiting my options.

    • Jim Wang says

      Hmmm that’s interesting, the page doesn’t seem to imply there’s a geographic limit but it’s possible they’re doing it.

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