[Expired] PNC Up To $400 Business Checking Bonus [OH, MI, FL, AL, GA, MD, KY, IN, PA]

This bonus has expired, click here for other PNC bank bonuses or here for the best current checking bonuses.

Offer at a glance

• Maximum bonus amount: $400
• Availability: Offer only available in the PNC Bank branch locations in the Central Ohio, Detroit, Florida, Georgia-Alabama, Greater Maryland, Kentucky, Southern Indiana, Northern Ohio, and Southwest Pennsylvania markets
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Personal account is Up to $2,000 with Visa or Mastercard, not sure if business accounts allow it
• Monthly fees: $12-$50, avoidable
• Early account termination fee: $25, six months
• Household limit: None listed ,
• Expiration date: December 31st, 2017 March 31st, 2017

The Offer

Direct link to offer

• PNC is offering a bonus of up to $400 when you open a business checking account. Bonuses are as follows:
  • Earn $200 with a business checking account when you complete the following requirements:
    • Maintain the minimum average cycle balance of $1,500 for each of the first 3 statement cycles
    • Make at least 10 total qualifying PNC Bank Visa® Debit Card transactions and/or PNC Bank Mobile Check Deposits[3] within the first three statement cycles
  • Earn $300 with a business checking plus account when you complete the following requirements:
    • Maintain the minimum average cycle balance of $5,000 for each of the first 3 statement cycles
    • Make at least 10 total qualifying PNC Bank Visa® Debit Card transactions and/or PNC Bank Mobile Check Deposits[3] within the first three statement cycles
  • Earn $400 with a business checking preferred account when you complete the following requirements:
    • Maintain the minimum average cycle balance of $25,000 for each of the first 3 statement cycles
    • Make at least 10 total qualifying PNC Bank Visa® Debit Card transactions and/or PNC Bank Mobile Check Deposits[3] within the first three statement cycles

The Fine Print

• Offer only available in the PNC Bank branch locations in the Central Ohio, Detroit, Florida, Georgia-Alabama, Greater Maryland, Kentucky, Southern Indiana, Northern Ohio, and Southwest Pennsylvania markets. Offer only available to businesses with an annual revenue less than $5 million.
• You will only be considered for one reward amount, which is based on the product type you open. You may earn a $200 reward if you open a new PNC Business Checking account. You may earn a $300 reward if you open a new PNC Business Checking Plus account. You may earn a $400 reward if you open a new PNC Business Checking Preferred account.
• A qualifying debit card transaction is defined as any debit card purchase made at point of sale using your signature or PIN; a purchase made electronically or online using your debit card number, including recurring payments; or the use of your debit card at an ATM to deposit a cash or check or to withdraw cash. A PNC Bank Mobile Check Deposit is defined as the deposit of a check made using your PNC Bank Mobile Banking app. Any combination ofqualifying PNC Bank Visa Debit card transactions and/or PNC Bank Mobile Check Deposits are acceptable but must equal 10 after the first three statement cycles end.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

All of the business checking accounts have the monthly waived for the first three months.

Business Checking ($200 Bonus)

This account has a monthly fee of $12 and is waived if you do ONE of the following:

• Make $1,000 in business credit card purchases with a linked PNC credit card
• Maintain an average minimum monthly collected balance of $1,500

Business Checking Plus ($300 Bonus)

This account has a monthly fee of $20 and is waived if you do ONE of the following:

• Make $2,000 in business credit card purchases with a linked PNC credit card
• Maintain an average minimum monthly collected balance of $5,000
• Maintain average combined business loan balances of at least $40,000
• Maintained an average combined collected balance in linked business checking and money market accounts of $20,000
• Maintain a Visa Signature BusinessOptions credit card
• Maintain any one of these additional PNC business services:
  • Deposit On-Site^®
  • DepositNow^®
  • PINACLE^®
  • Cash Logistics
  • Remote Safe
  • Cash Flow Insight^® Payables
  • Cash Flow Insight Receivables

Business Checking Preferred ($400 Bonus)

This account has a monthly fee of $50 and is waived if you do ONE of the following:

• Make $1,000 in business credit card purchases with a linked PNC credit card
• Maintain an average minimum monthly collected balance of $25,000
• Maintain average combined business loan balances of at least $75,000
• Maintain a Visa Signature BusinessOptions credit card
• Maintained an average combined collected balance in linked business checking and money market accounts of $50,000
• Maintain any one of these additional PNC business services:
  • Deposit On-Site^®
  • DepositNow^®
  • PINACLE^®
  • Cash Logistics
  • Remote Safe
  • Cash Flow Insight^® Payables
  • Cash Flow Insight Receivables

Our Verdict

The $400 bonus is definitely not worth considering due to the $25,000 deposit requirement (compared to only $5,000 for the $300 bonus), it’s also significantly more difficult to keep the $400 account fee free. I think the $300 is really the sweet spot, but if you don’t have much access to $5,000 then the $200 bonus still seems like good value. The difference is having to deposit $3,500 more for three months for an extra $100.

I think this bonus is definitely worth doing, as is the ever popular $300 personal bonus (some areas get $400 in branch). I’ll be adding this bonus to the best business checking bonuses list. As always share your experiences in the comments below.

Hat tip to reader Vijay

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