Posted by William Charles on March 1, 2019
Bank Account Bonuses

Published on March 1st, 2019 | by William Charles

95

PNC $400 Checking Bonus + $30 Additional Bonus

Deal is back, we don’t know the exact details but appears to be available at Ansley Park branch in Atlanta. Possibly available at other branches as well, if anybody finds out other branches let us know. Hat tip to RHGA77

Offer at a glance

  • Maximum bonus amount: $400 + $30
  • Availability: See below
  • Direct deposit required: Yes, minimum varies
  • Additional requirements: 10 debit card transactions
  • Hard/soft pull:  Soft
  • ChexSystems: Unknown
  • Credit card funding: Up to $2,000 with Visa or Mastercard (probably cash advance in branch)
  • Monthly fees: $7-$25, waive-able 
  • Early account termination fee: $25 if closed within six months
  • Household limit: Unknown
  • Expiration date: August 30th, 2017 March 31st, 2018 Unknown

The Offer

Direct link varies by location:

  • Currently don’t know of any working links
  • Open a new checking account at one of PNC’s new branches and receive a sign up bonus of up $400 when you complete the following requirements:
    • Receive a direct deposit
      • $100 bonus for opening Virtual Wallet and $500 DD
      • $300 bonus for opening Virtual Wallet Performance and $2000 DD
      • $400 bonus for opening Virtual Wallet Performance Select and $5000 DD
    • Make 10 debit card purchases [ReadHow To Meet Minimum Debit & Credit Transaction Requirements]
  • In addition you can get another $30 by having a 15 minute conversation with them about your financial goals

 

The Fine Print

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Virtual Wallet $7 Monthly Fee ($100 Bonus)

You can get this fee waived if you meet any of the following:

  • Average monthly balance of $500 or more
  • Qualifying direct deposit of $500 or more
  • Use only ATM, online banking, mobile banking or other self-serve electronic methods to make withdrawals and deposits
  • Provide proof of active enrollment in a qualifying educational institution (expires 6 years after the account is enrolled in the student banking program

Virtual Wallet With Performance Spend $15 Monthly Fee ($200 Bonus)

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 ($430 Bonus)

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

Our Verdict

So the publicly available bonus is $300. Some people might actually prefer that due to the credit card funding ability and not having to go in branch, obviously if you can fund in branch with a credit card and it’s not a cash advance then this deal is significantly better. The $30 bonus is pretty good for speaking with them as well, I can’t imagine they will bother you too much if you’re already planning on opening the checking account as well.

I’ll be adding this as a side note on our best checking bonuses page.

Last time it didn’t last long before they changed it online to $300 from $400, so book an appointment now if you’re interested.

Big thanks to reader, PR who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Peter
Peter

For the $400, do I have to make a single direct deposit of $5000 or more? Or multiple and within what time frame? Are the terms listed anywhere?

Peter
Peter

I assume it’s like the standard public $300 offer – a total of $5K in DD within the first 60 days.

Jenn
Jenn

When I went into the Johns Creek Branch, the banker said it was $5000 monthly (which I believe she was incorrect). And I asked her if that was just to avoid the fees and she said no its for both the offer and waiving fees.

Keerthi Praveen Nichenametla
Keerthi Praveen Nichenametla

The banker and the branch manager at Clark Commons, NJ were insisting on the 5K direct deposit in a single month for the $400 promo.
They were suggesting it will not work if the direct deposit is less than 5k per month. Is that true?

HarryTheFirstHarry
HarryTheFirstHarry

Pretty much what I was told as well at the same branch. Told them I will make sure to do the 5K since I have “other sources” of income that can generate it. Opened account right there despite them telling I will not get the bonus if less than 5K. Never saw their face again and now 430 richer. 🙂

JohnFromATL
JohnFromATL

I did the PNC bonus offer in March that had the same terms and the DD was cumulative and did not require repeating monthly. I did two ACH transfers @ $2500 each from my bank account to meet the requirement. Did my 10x debit card transactions.

Eddy
Eddy

What bank account did you ACH from?

CGID
CGID

For most bank bonus offers, there’s a requirement that you cannot have received a promotional bonus from the bank in question for the last 12 months. DoC usually has that listed in the fine print. But I do not see that here.

Is this not a requirement? That would be awesome to know, since I last received my PNC bonus in June of last year.

Sam J
Sam J

need to know this…

RL
RL

Is there any additional info/DP about the Northbrook site honoring the $400? The link seems to be down.

Harry
Harry

If not for reaching minimum spend, the value of using a credit card to fund the account is not so great when doing this above posted deal with the max amount of 2K to which works out to about $40 to $50 assuming the best CC rewards of 2 or even 2.5 cents.
Since this bonus is $130 more than the online bonus of $300, the loss of $50 is absorbed by the increased bonus and so I would do it if I was near one of these branches.

Sam
Sam

Doc how would a non-citizen get on this deal? PNC makes you come in the branch to open an account if you not a citizen. Any way around this?

Luke Bornheimer

Thanks for the post, William! Have family in NJ, can make a trek to Clark Commons if out-of-state residents are allowed to open an account in branch. Do you know if out-of-state residents qualify for this bonus, if their account is opened in branch?

Kelly
Kelly

Opened the account yesterday. The rep was very helpful and even called their financial advisor into the branch to speak to me. I also received the $30 bonus…it’s a eReward card with a code that you redeem for a gift card of your choice. The rep also mentioned I could downgrade my checking account from performance select after 60 days to avoid the fee. I’m not sure how true this is since I don’t know how quickly the bonus will post. The account fee is waived for the first 2-3 months anyway. Will update with DP once I know more.

Kelly
Kelly

Forgot to mention that I also receive my debit card in branch. Loved that! Now I can start on those 10 debit card transactions.

Eric
Eric

Which location did you open the account? Are you planning on using an employer DD or something else?

Kelly
Kelly

I went to Johns Creek, GA location and I plan to use my employer DD. There’s actually a branch closer to where I live. They also allow you to transfer funds to/from external accounts for free.

Durga
Durga

Thanks Doc!

I did opened account @ Johns Creeks, GA location. a

Harry
Harry

Just a heads up this bonus has fallen to $300 now. I did manage to open an account before the 400 expired and will report back if/when bonus posts. I got the $30 code in the branch which I converted to Walmart GC. I completed the requirements within 10 days of opening including 2 ACHs from C1 for 2500 each and 10 AMZN balance loads with the debit card. So I think I will have some head room in case the bonus does not post to try something else like a single 5K employer DD.

Eric
Eric

The banker told me the debit purchases need to be “swiped” and not done online. Were you not told that?

HarryTheFirstHarryHandle
HarryTheFirstHarryHandle

No, I was not told that though you really do not want to go by what they say since they will always try to get you to do what is safe/what is good for them without really knowing what codes as what.

I did all Amazon purchases only with no swipe transaction (as I posted above along with 2 ACHs from C1) and I confirm that my 400 bonus has posted at about the 30 day+ mark.

HarryTheFirstHandle
HarryTheFirstHandle

I was not told that. And I would take what they say with a grain of salt because they are not always aware of how things work either and play it safe/tell what is good for them than for you.

I can now confirm that this bonus posted for me at about the 30+ day mark doing the above (10x AMZN and 2c C1 loads).

Jennifer
Jennifer

Called customer service to check on my promo and it was never applied to the account. I applied in the GA location on 4/17. They went ahead and added to the account and said it should post within 60 days after 6/30.

kim.
kim.

Went to same location as Kelly. Got bonus $30 gift card (and collapsible measuring cups!) in branch after opening account 4/26. Did the 10 debits, 2x $1000 pushes from Serve counted as DD; $300 bonus posted 6/9.

Kelly
Kelly

Bonus posted. Here’s my DP:

4/21/17 – opened account with $100 deposit
4/28/17 – DD via payroll
5/12/17 – DD via payroll
5/26/17 – DD via payroll
6/9/17 – $400 bonus posted

Now I will downgrade the account.

Jenn
Jenn

Was it $5000 a month or $5000 DD total?

HarryTheFirstHarry
HarryTheFirstHarry

This bonus is still alive. I got a mailer with this 400+30 offer available in the NJ branch until 8/31/17

JL
JL

Thanks William & Harry F for the heads up!

Just spoke to someone over the phone in the Clark Common branch to make an appointment. She insisted on the $5000 DD per month as well, not cumulative over 60 days. The 10 debit tx is over 10 days.

I guess as back up, schedule an extra transfer on top of regular DD via the methods in the list below?

https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/#PNC

Going to the branch this saturday to open the account, will try to report back after.

Saf
Saf

DoC,

Curious as to why there’s no post for publicly nationwide available bonus for $2-300 ($5k DD). I think it used to be $400 and then they added some terms (state and in branch restrictions), but going to this link below shows a $2-300 offer, BUT you must be an existing PNC savings customer. Seems like the terms are friendly and great for anyone not in the targeted states or can’t make it in branch in one of the ones that are. I opened a savings account a month ago, will probably open a checking using this link next week. Shows expiration of 9/30.

https://www.pnc.com/en/personal-banking/banking/checking/campaigns/checking-offer-for-PNC-customers.html?WT.mc_id=CS15_CIM_0015#vwperformanceselect

Ian
Ian

Sorry, but nowhere in the Disclosures states anything about “savings customer.” You’re right that it says offer expires 9/30/2017. The link allows Virtual Wallet or non-VW Performance or performance select checking. Also, link (provided by a commentor) can be shortened; delete everything after .html .

Saf
Saf

Well considering this is in the URL: “checking-offer-for-PNC-customers.html”

Plus in the past I clearly remember it stating having to be an existing customer. Still, you’re right, but I wouldn’t risk it.

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