PNC Virtual Wallet® with Performance Spend $200 Bonus

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PNC Bank : Virtual Wallet® with Performance Spend

$200

Offer Expires In

How To Earn The Bonus

  1. Open a Virtual Wallet® with Performance Spend account using the link below from a mobile device.
  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.

Available in Your Area?

No

Monthly Fees?

Yes

Open Online?

Yes

Credit Pull?

Soft

Available in 22 states plus the District of Columbia, PNC is back with a competitive welcome bonus for opening a personal checking account and using direct deposit within the first 2 months. This offer must be redeemed online using the link below AND from a mobile device.

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.

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 from a mobile device.
  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?

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

Fifth Third Bank

Personal Checking

Bonus
$375
Account Type
Personal Checking
Expires In
51 days
Requires
  • Direct Deposit

Chase

Chase Total Checking®

Bonus
$200
Account Type
Personal Checking
Expires In
70 days
Requires
  • Direct Deposit

Discover

Cashback Debit

Bonus
up to $360
Account Type
Personal Checking
Expires In
Limited Time
Requires
  • Card Spend

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).

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

PNC Bank Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Fortunately, PNC Bank has a total of 2689 branches in the United States.

Get a better idea of how well PNC Bank can serve you by checking out their branches closest to your area:

112 E Pecan St
San Antonio, TX 78205

Directions

101 South Main Street
Ann Arbor, MI 48104

Directions

115 E Van Buren Ave
Harlingen, TX 78550

Directions

2001 Kirby Drive
Houston, TX 77019

Directions

8951 Main Street
Frisco, TX 75034

Directions

202 East Washington Street
Lebanon, IN 46052

Directions

235 West 5th Street
San Juan, TX 78589

Directions

200 East Broad Street
Groveland, FL 34736

Directions

115 North Dooly Street
Montezuma, GA 31063

Directions

200 South Lawrence Boulevard
Keystone Heights, FL 32656

Directions

6518 West Highway 146
Crestwood, KY 40014

Directions

5817 North 2nd Street
Loves Park, IL 61111

Directions

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.