PNC Virtual Wallet® up to $400 Bonus

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PNC Bank : Virtual Wallet®

up to $400

4.0

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

How To Earn The Bonus

  1. Open a Virtual Wallet® account online to qualify, See link below.
  2. Within 60 days, complete the direct deposit requirements for the account package that you opened: Virtual Wallet® - $500+ to earn $100 bonus, Virtual Wallet® with Performance Spend - $2,000+ to earn $200 bonus, or Virtual Wallet® with Performance Select - $5,000+ to earn $400 bonus.
  3. Bonus will be credited to your account within 60-90 days after meeting requirements.

Available in Your Area?

No

Monthly Fees?

Varies

Open Online?

Yes

Credit Pull?

Soft

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Apply Now

at PNC

Available in 23 states plus the District of Columbia, PNC is back with a competitive welcome bonus for opening a personal checking account online and meeting direct deposit requirements within the first 2 months.

This is a tiered offer with the entry level Virtual Wallet® offering $100, $200 for opening a Virtual Wallet® with Performance Spend or $400 for opening a Virtual Wallet® with Performance Select - all with qualifying direct deposit requirements.

Assuming you don't have an account with PNC (and haven't within the last 90 days), we definitely recommend grabbing this easy bonus.

How To Earn The Bonus

The PNC Virtual Wallet® promotion requires you to set up direct deposits in order to earn the up to $400 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • Offer is contingent on product availability and may vary based on where you open your account and the Zip code of your primary address.
  • A qualifying Direct Deposit for this offer, is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into the Spend account of a Virtual Wallet with Performance Select, Virtual Wallet with Performance Spend, or Virtual Wallet.
  • Credit card cash advance transfers, wire transfers, person to person transfers, transfers from one account to another or deposits made at a physical PNC location or ATM do not qualify as qualifying Direct Deposits.
  • New account will not be eligible for offer if you or any signer on the new account has an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid a PNC promotional premium in the past 24 months.
  • You can only receive one new checking account opening related bonus once every two years.
  • If you change your Virtual Wallet product type after account opening, the product type that you are in at the end of the month in which you opened your account will determine your offer eligibility, terms and corresponding reward amount, if applicable.

How does this personal checking offer from PNC compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Citi®

Enhanced Direct Deposit

Bonus
$300
Account Type
Personal Checking
Expires In
139 days
Requires
  • Direct Deposit

TD Bank

Beyond Checking

Bonus
$300
Account Type
Personal Checking
Expires In
9 days
Requires
  • Direct Deposit

U.S. Bank

U.S. Bank Smartly® Checking

Bonus
up to $800
Account Type
Personal Checking
Expires In
21 days
Requires
  • Direct Deposit
  • Min Balance (optional)

Why PNC Bank?

PNC Bank is the 7th largest in the U.S., with over 60,000 ATMs and approximately 2,400 physical branches across the country. This includes the former BBVA locations, which they acquired in 2021.

PNC offers "Spend, Reserve and Growth" virtual wallets. Spend is for day-to-day activity, Reserve is for short term planning, and Growth is a long term savings account. 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 in some markets. 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).

Virtual Wallet®

Virtual Wallet® is PNC's basic offering, which has its lowest (and easiest to waive) maintenance fee, but offers no interest on your balance.

All Virtual Wallet accounts come with 2-layers of overdraft protection, access to PNC's online and mobile banking tools, and in-person service in one of their branches.

Fees

Virtual Wallet® does charge a monthly fee of $7, but there are ways to get this waived:

  • At least $500 in direct deposits to the account each month
  • OR, maintain a $500 monthly balance in Spend + Reserve
  • OR, account holder is older than 62

Virtual Wallet® with Performance Spend

At PNC, a personal checking account is called a Spend account, and is intended for day-to-day spending. It pairs with short-term planning account (called Reserve) and a long-term savings account (called Growth) to fill out your "Virtual Wallet".

Virtual Wallet with Performance Spend is PNC's middle-tier offer, which still has a relatively easy-to-waive maintenance fee, but also offers (a small amount of) interest on your balance.

All Virtual Wallet accounts come with 2-layers of overdraft protection, access to PNC's online and mobile banking tools, and in-person service at one of their branches.

Fees

Virtual Wallet® with Performance Spend does charge a monthly fee of $15, but there are ways to get this waived:

  • At least $2,000 in direct deposits to the account each month ($1,000 for WorkPlace Banking customers)
  • OR, maintain a $2,000 monthly balance in Spend + Reserve
  • OR, maintain a monthly balance of $10,000 in all PNC consumer deposit accounts

Virtual Wallet® with Performance Select

At PNC, a personal checking account is called a Spend account, and is intended for day-to-day spending. It pairs with short-term planning account (called Reserve) and a long-term savings account (called Growth) to fill out your "Virtual Wallet".

Virtual Wallet with Performance Select is PNC's premium offer (with a matching premium maintenance fee), but offers PNC's highest interest rates on your checking balance.

All Virtual Wallet accounts come with 2-layers of overdraft protection, access to PNC's online and mobile banking tools, and in-person service at one of their branches.

Fees

Virtual Wallet® with Performance Select does charge a monthly fee of $25, but there are ways to get this waived:

  • At least $5,000 in direct deposits to the account each month
  • OR, maintain a $5,000 monthly balance in Spend + Reserve
  • OR, maintain a monthly balance of $25,000 in all PNC consumer and/or investment accounts

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

Share Your Thoughts or Questions

There have been 6 comments about the PNC Virtual Wallet® up to $400 Bonus.

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Rebecca

November 17, 2023

I was aiming for the generous $400 bonus. Unfortunately, I mistakenly signed up for the wrong type of account, and only received $200. Took 3 months from opening to closing. The account names (like many banks) are odd...pay close attention, unlike me!

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Joseph Lee Robbins

November 17, 2023

Good bonus payout and really easy to get. I had zero issues with this one.

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Jon Snow

November 16, 2023

It's a straightforward bonus here by PNC. I did this offer last year and after getting the $400 bonus, I downgraded my account to Virtual Wallet for the easier requirements to avoid the monthly maintenance fee.

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JAMON

November 16, 2023

I got a $400 bonus. Had to leave in $5000 for about 3.5 to avoid a fee, but that's OK with me for such a generous bonus. Had to call to close the account.

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Nicholas

November 14, 2023

This seems like a great opportunity to earn a bonus with options ad varying levels of investment. I'm holding off because I expect to be able to hit the higher bracket later in the year, but until then I'll be looking forward to this $400 opportunity!

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Bill B

November 11, 2023

I was able to earn a $400 PNC bonus in late 2022. This was actually my very first bank bonus because we opened a checking account as part of other banking we were doing with them. I then stumbled across this bankbonus.com web site and learned I could earn a free $400 just by meeting the direct deposit requirements of the offer. Thus began my pursuit of many other bonuses through this web site! Definitely recommend pursuing this bonus.

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