PNC Business Checking Account $200 Bonus

PNC Bank : Business Checking Account

Bonus Amount
$200
Account Type
Business Checking
Available In Your Area?
Yes
Offer Expires In
Bonus Requirements
  1. Open a new Business Checking or Business Checking Plus account.
  2. For 3 statement cycles, maintain an average balance of $5,000.
  3. During those same statement cycles, make 20 debit card purchases.
  4. Bonus will be deposited within 90 days of meeting the requirements.
Other Details
Hard Credit Pull?
Monthly Fees?
Varies By Account
Open Online?
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PNC is running a couple of welcome bonus offers targeting small business owners. For this one, you'll need to open either a Business Checking or Business Checking Plus account and then meet balance and debit card requirements.

This is a straightforward, nationally-available bonus for business owners.

If your company has higher balances or transaction volume, PNC is running a larger bonus for their enterprise checking accounts, so check those out, too!

How To Earn The Bonus

The PNC Business Checking Account promotion requires you to deposit and maintain a minimum balance and make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new Business Checking or Business Checking Plus account.
  2. For 3 statement cycles, maintain an average balance of $5,000.
  3. During those same statement cycles, make 20 debit card purchases.
  4. Bonus will be deposited within 90 days of meeting the requirements.

The fine print

  • Your new checking account must be open in order for you to receive the reward.
  • Only business checking accounts with statements that cycle monthly are eligible for this offer. Business checking accounts that receive statements daily, weekly or quarterly are ineligible.
  • Already established, converted or repurposed PNC checking or savings accounts are not eligible.
  • Average ledger balance is defined as the average total within your business checking account at the end of your statement cycle.
  • A qualifying debit card transaction is defined as any debit card purchase made at point of sale using your signature or PIN; or a purchase made electronically or online using your debit card number, including recurring payments.
  • Any combination of qualifying PNC Visa® Business Debit Card transactions is acceptable but must equal 20 within the first three statement cycles.
  • New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank business checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 12 months.
  • If multiple accounts are opened with the same signers, only one account will be eligible for the premium.
  • For this offer, signing authority will be defined by the customer name(s) and Social Security number(s) registered on the account.
  • Offer may be extended, modified or discontinued at any time.

Why PNC Bank?

PNC Bank is the 7th largest in the U.S., with nearly 2,300 physical branches across the country. They recently acquired BBVA, increasing their reach even further.

Similar to Citi's "banking packages", PNC offers combo products that pair checking, short and long-term savings accounts together under "Spend, Reserve and Growth" virtual wallets. A single fee covers the trio of accounts and, like most linked accounts, it's easy to transfer money between the three (plus offers 2-layers of fee-free overdraft protection).

Ultimately, however, PNC isn't our top pick if you're shopping for a new bank. Typical of the big national brands, their interest rates are low. And while they offer online and mobile banking with all of the major features, their apps feel more dated than competitor products (and definitely more than the tech-based banks).

Our advice? Do enough with PNC to grab your welcome bonus (now available nationwide!), but don't choose them as your primary bank.

Business Checking

Fees

Business Checking does charge a monthly fee of $10, but there are ways to get this waived:

  • Maintain an average balance of $500.
  • OR, use a linked PNC business credit card to make $500 in purchases.
  • OR, maintain a linked PNC Merchant Services account and generate $500 in qualifying monthly processing deposits.

Business Checking Plus

Fees

Business Checking Plus does charge a monthly fee of $20, but there are ways to get this waived:

  • Maintain an average balance of $5,000.
  • OR, use a linked PNC business credit card to make $5,000 in purchases.
  • OR, maintain a linked PNC Merchant Services account and generate $5,000 in qualifying monthly processing deposits.
  • OR, maintain $20,000 average combined balance in linked PNC business checking and business money market accounts.