PNC Virtual Wallet® with Performance Select $400 Bonus

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 at the link below AND on a mobile phone to qualify.

If the $5k in direct deposit is too high, they're also running a couple of smaller offers with lower 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® with Performance Select promotion requires you to set up direct deposits in order to earn the $400 bonus.

Full requirements to receive this bonus are:

1. Open a Virtual Wallet® with Performance Select account using the link below from a mobile device.
2. Within 60 days, have a total of $5,000 in direct deposits.
3. Bonus will be credited to your account within 60-90 days after meeting requirements.

Open a Virtual Wallet® with Performance Select account now to earn the $400 bonus

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 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®

Citi Priority Account

Bonus

up to $2000

Account Type

Personal Checking

Expires In

53 days

Requires

• Min Balance

Full Details

U.S. Bank

U.S. Bank Smartly® Checking

Bonus

up to $400

Account Type

Personal Checking

Expires In

20 days

Requires

• Direct Deposit

Full Details

Fifth Third Bank

Personal Checking

Bonus

$225

Account Type

Personal Checking

Expires In

30 days

Requires

• Direct Deposit

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).

Learn more in our PNC Bank review

Virtual Wallet® with Performance Select

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 Select is PNC's premium offer (with a matching premium maintenance fee), but offers PNC's highest interest rates on your checking balance, doesn't charge a fee for using another bank's ATM, and covers up to 8 additional accounts under that single monthly service charge.

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 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

Open a Virtual Wallet® with Performance Select before the bonus expires on June 30, 2023

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:

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.