Unfortunately this bonus has expired, you can view other bonuses here.
Offer at a glance
- Maximum bonus amount: $550
- Availability: Chicago & Wisconsin
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Personal accounts are a soft pull, unsure on business
- Credit card funding: Unsure
- Monthly fees: See below
- Early account termination fee: Need to keep account active for one year
- Expiration date:
December 31st, 2014March 31st, 2015June 30th, 2015
The Offer
- Receive a $350 sign up bonus when you open a new PNC business checking account and a new PNC merchant services account
- Receive an additional $200 bonus when you open a new PNC Business Credit Card and make $1,500 in purchases within the first three billing cycles after the account is opened
- You could also be eligible for a $1,000 PNC Visa gift card if PNC are unable to beat your current credit card processing costs
The Fine Print
- Offer is only available at Chicago & Wisconsin branches, contact your local PNC branch for a list of their promotions
- IOLTA/IOTA/IOLA/MJ IOTA/IBRETA/MAHT accounts are excluded
- You must activate your processing account and process more than $20 worth of sales within 60 days of account opening
- Bonus will be deposited to your account within 90 days of meeting the requirements
- Existing customers are excluded
- Customers establishing an account for less than one year are not eligible
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Fees vary based on your account, click here to view the fees for your location.
Our Verdict
I don’t think any business should be deciding who they process credit cards with based on a promotion. It might be worth seeing if PNC are able to beat your current rates, if they are make sure you continue to shop around to get the best rate rather than just automatically going with them. My small business does not do any credit card processing, so I’m going to sit out on this deal. If you also have a business but don’t like this particular offer, make sure you check out our business bank bonus page to see what else is available.
Direct link to offer | Screenshot of offer
Hat tip to Maximizing Money