This offer has expired, but you can read about the current PNC bonus by going here.
Offer at a glance
- Maximum bonus amount: $300Â
- Availability:Â AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI and District of Columbia
- Direct deposit required: $500-$5,000 depending on bonus
- Additional requirements: One bill payÂ
- Hard/soft pull: SoftÂ
- Credit card funding: Up to $2,000
- Monthly fees: $7-$25, waive-ableÂ
- Early account termination fee: $25 if closed within six months
- Expiration date: February 22nd, 2015
Contents
The Offer
- Receive up to $300 when you open a PNC Virtual Wallet:
- Receive $75: Open a new Virtual Wallet account, make at least one online bill pay and establish a qualifying direct deposit of at least $500
- Receive $200: Open a Virtual Wallet with performance spend checking account, make at least one online bill pay and establish a qualifying direct deposit of at least $2,000
- Receive $300: Open a Virtual Wallet with Performance Select, make at least one online bill pay and establish a qualifying direct deposit of at least $5,000 NOTE: You can do this same offer and get $400 by going into a PNC branch.
The Fine Print
- Bill payment must be completed within 60 days of account opening
- Bonus will post between 60 and 90 days after completing all of the requirements
- Offer only available to new checking account holders. You will not be eligible if you’ve had or closed an account within the last 90 days or receive a promotional premium in the past 12 months.
- A qualifying Direct Deposit 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. You can see what else triggered this bonus here.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Early Account Termination Fee
- You must pay a $25 early account termination fee if you cancel your account within 6 months of opening (source)
Virtual Wallet $7 Monthly Fee
You can get the the monthly fee waived on this account if you meet any of the following:
- Average monthly balance of $500 or more
- Qualifying direct deposit of $500 or more
- Use only ATMs, online or mobile banking only to make withdrawals or deposits
- Use virtual wallet student
Virtual Wallet With Performance Spend $15 Monthly Fee
You can get this fee waived if you meet any of the following:
- Average monthly balance of $2,000 or more
- Qualifying direct deposit of $2,000 or more
- $15,000 in linked eligible accounts
Virtual Wallet With Performance Select $25 Monthly Fee
You can get this fee waived if you meet any of the following:
- Average monthly balance of $5,000 or more
- Qualifying direct deposits of $5,000 or more
- $25,000 in linked eligible accounts
Click here to view the different accounts side by side.
Our Verdict
If you’re going to complete the Virtual Wallet With Performance Select ($300 bonus) then you might as well do it in branch and request the workplace bonus which has the same requirements but offers $400 instead of $300.
This way the coupon is linked to the e-mail you use in sign up and they aren’t able to claim you didn’t use the coupon to sign up.
We’ve actually talked about this bonus before, but it’s now slightly different and available to more states so we thought it was worth rehashing. I don’t live in the qualifying area, but if I did I’d complete this deal (actually I’d complete the $400 in branch offer). The $200 bonus might be suitable for some people who don’t have a spare $5,000 lying around.
All of these bonuses are in our bank bonus table and it’s also currently our second most recommended bonus, see what’s number one.
