PNC Bank Promotions: $200 – $400 for PNC Virtual Wallet 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. 🙂

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How to get up to $400 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 gives up to $400 cash bonus reward if you open up a new account.

These accounts qualify:

• 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 $400.

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.

This offer is available to residents of CA, TX, AZ, NM, CO, PA, FL, OH, WV, DE, NJ, SC, NC, GA, KY, IN, MI, IL, MD, DC, WV, and WI.

PNC Virtual Wallet Checking Pro – $200

If you don’t qualify for the above offer, and you live in AR, CT, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, TN, UT, VT, WA, or WY, then you should consider PNC Virtual Wallet® Checking Pro and it’s welcome bonus of $200.

To earn this bonus, just open an account and then receive total qualifying direct deposit(s) of $2,000 or more to the new Virtual Wallet Checking Pro.

The account has no minimum deposit to open and no monthly fees. If you open for the Virtual Wallet Checking Pro with Spend, Reserve & Growth then you also get a savings account that earns interest. The Virtual Wallet Checking Pro with Spend product is just a checking account.

PNC Business Checking Account – $200 to $500

PNC Bank has a $200 and $500 offer for a business checking account when you open a qualifying Business Checking or Business Checking Plus account. You can do this in person or online.

Then:

1. Maintain a minimum average ledger balance of $5,000 for the first three statement cycles,

2. Make at least 20 total qualifying PNC Bank Visa Debit card transactions within the first three statement cycles,

3. Get $200 deposited!

To get $500, you will need to open a new qualifying Treasury Enterprise Plan or Analysis Business Checking account and maintain a minimum average ledger balance of $30,000 for each of the first three statement cycles to get the bonus deposited into your account. No debit card transaction requirement for the higher bonus amount but keep an eye out on the fees for all these accounts.

Learn more about this offer

(Offer expires 9/30/2022)

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.

So the PNC Bank promotion is a slightly lower bonus but has much easier bonus requirements to get the money.