PNC Virtual Wallet® with Performance Spend $200 Bonus

PNC Bank : Virtual Wallet® with Performance Spend

Bonus Amount
$200
Account Type
Personal Checking
Available In Your Area?
No
Offer Expires In
Bonus Requirements
  1. Open a Virtual Wallet® with Performance Spend account using the link below.
  2. Within 60 days, have a total of $2,000 in direct deposits.
  3. Bonus will be deposited into your account 60-90 days after requirements have been met.
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Available in 22 states plus the District of Columbia, PNC is kicking off the new year with a competitive welcome bonus for opening a personal checking account and using direct deposit within the first 2 months. This offer has the flexibility of being applied in-branch or online using the link below.

If you can deposit more than the $2k required here, they're also running a $400 offer with a $5k requirement.

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

Live in a state that doesn't have a branch? No worries, check out this Virtual Wallet® Pro $200 bonus by PNC.

How To Earn The Bonus

The PNC Virtual Wallet® with Performance Spend promotion requires you to set up direct deposits in order to earn the $200 bonus.

Full requirements to receive this bonus are:

  1. Open a Virtual Wallet® with Performance Spend account using the link below.
  2. Within 60 days, have a total of $2,000 in direct deposits.
  3. Bonus will be deposited into your account 60-90 days after requirements have been met.

The fine print

  • To qualify, the direct deposit must be a recurring deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into the account.
  • Not available to existing customers with a consumer checking account or to those who have closed a consumer checking account within 90 days.
  • You can only receive one new checking account opening related bonus once every two years.

How does this checking offer from PNC compare?

Chase Bank Logo
Chase Bank is offering $225 when you open a Chase Total Checking® account. see full details
Citi Logo
Citi gives you up to $1500 when you open a Citi Priority account. see full details
Aspiration Logo
Earn $200 from Aspiration when you open an Aspiration Plus account. see full details

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.

Virtual Wallet® with Performance Spend

At PNC, a personal checking account is called a Spend account, and pairs with short- and long-term savings accounts (which they call "Reserve and 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 and 4 reimbursements for non-PNC ATM transactions.

All Virtual Wallet accounts come with 2-layers of overdraft protection, access to PNC's online and mobile banking tools, and in-person service via their 2,300 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

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.