Posted by William Charles on September 27, 2016
Bank Account Bonuses

Published on September 27th, 2016 | by William Charles

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[Expired] PNC $400 Checking Bonus [IL Only]

Update 2: This has expired according to this comment. You can view current checking promos here.

Update: Please let us know in the comments if this has been extended or not.

Seems to be IL only unfortunately.

Offer at a glance

  • Maximum bonus amount: Up to $400 
  • Availability: IL only and maybe only greater Chicago area
  • Direct deposit required: $2,000
  • Additional requirements: 10 debit card transactions
  • Hard/soft pull: Soft 
  • Credit card funding: Up to $2,000 with Visa or Mastercard. Unsure if it will be a cash advance if you open in branch
  • Monthly fees: $7-$25, waive-able 
  • Early account termination fee: $25 if closed within six months
  • Expiration date: October 31st, 2016 December 31st, 2016

The Offer

No direct offer link, must go in branch

  • Open a new Virtual Wallet withPerformance Spend, Virtual Wallet with Performance Select, Performance Checking Or Performance Select Checking before October 31st and receive a $400 bonus when you do the following:

pcn-400-bonus

The Fine Print

  • Bonus will post within 60 days of all conditions being met
  • Only one reward per customer
  • New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid 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
  • A qualifying debit card purchase is defined as any debit card purchase made at a point of sale using your signature or PIN, or a purchase made electronicially or online using your debit card number.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
  • Promo code is BEAR1

Avoiding Fees

There is an early account termination of $25 if the account is closed within 6 months of account opening. The account must also be open and in good standing when the bonus posts.

Performance Checking $15 Monthly Fee

This is the easiest account to keep fee free. The $15 monthly fee is waived if you do 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

Our Verdict

They are also offering a bonus of up to $300 with some slightly different requirements. This bonus is obviously better, but you do need to go in branch to get it and there is no guarantees they will actually offer you this bonus (reader Feb S let us know about it). They also sometimes offer the $400 bonus without needing to go in branch, but that does require a higher direct deposit requirement. We might add this to our best checking sign up bonus list depending on people’s experiences with this offer. Make sure you share yours in the comments.

Asking the banker to input the promo code BEAR1 might help.

Useful posts regarding bank bonuses:



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Evan
Evan

Will this be available at any branch, since you need to get a Bears debit card? Could it only be for IL?

projectx
projectx

Wow… if this offer holds up, this is one of the best I’ve seen.

Kayla
Kayla

I can’t help but feel like I would just be asking for my car to get egged if I request a Bears card living in Green Bay….

Eric
Eric

It’s OK, I lived through getting a cheese head debit card from associated bank with my packers checking.

David M
David M

I’ll go to a branch in DC later today. Fingers crossed.

Sarah N
Sarah N

I’d like to try tomorrow as well. Please let us know if it worked. Thank you!

David M
David M

no luck in the branch. I got pretty close, but just before opening the account, the banker called to verify. this is IL only.

Yeshu
Yeshu

go to another branch and try. Look at the datapoint from Humberto below. Other states also might qualify.

David M
David M

I’ll attempt another PNC bank in DC. The Capitol Hill location is a no-go.

My rep actually called the promotions department to verify. I have a feeling Humberto might have problems actually getting the bonus in the next fee months…

David M
David M

Tried at the Archives location. No luck there either.

Rambo
Rambo

I called a branch here in FL and was told that this offer was for IL only. If anyone has success with this outside of IL, please let us know.

Dan
Dan

The closest branch is 70 miles from me. Does PNC have any rules about this?

Raghu
Raghu

Why does it say “Maximum bonus amount: Up to $300 ” is it supposed to be 400 ?

Humberto
Humberto

I just opened an account. The branch manager said that I could fund the account with a credit card and that it would be a cash advance.
The bears card has a $10 per year fee.

CtownBin
CtownBin

Thanks for the DP! Too bad about the cash advance.

Do you live in Chicago or nearby? What did you say when you walked in to get the $400 bonus?

Yeshu
Yeshu

Location please. Thanks

Humberto
Humberto

It was Fredericksburg VA. I showed the coupon to the rep. She made a phone call about something during the application. I heard her say that that it didn’t mention location restrictions.

larry
larry

FWIW you better have an actual DD from you employer if you want to collect on this bonus. ACH and Paypal do not work. We even filed a complaint via CFPB like D of C recommends and still got nowhere with this the last time it was offered.

Ctownbin
Ctownbin

That’s strange, I did this bonus in November (for my wife) and we just did ACH, and it worked no problem. Took a while for it to post, but eventually it did.

Moose Cow
Moose Cow

ACH from what bank?

Dan
Dan

I would like to know this as well…

DH7
DH7

DP Branch nowhere near Chicago, had me leave and is waiting for a call to verify it will work.

Moose Cow
Moose Cow

Anyone know if you’re able to open online, then go in to a branch to claim this offer? I want to do CC funding, but in-branch probably codes as cash advance.

Phillip M Dampier
Phillip M Dampier

Account must be opened in a branch displaying a signboard or window sign showing this promotion (basically Chicago area). No online apps.

Kleingordon
Kleingordon

Any DPs/idea whether I could have the prior offer matched to this one? I’ve almost met 2k DD and have done 10 debit transactions – think they’d let me get the Bears card and get the $400 instead?

Modulus16
Modulus16

1. Do you have to be a resident of IL, or just apply in a branch in IL?

2. Does the DD have to be a single DD of $2k or would several DD’s spread out over the 60 days work for the $2k requirement?

Dan
Dan

I want to know some DPs on #1. As to #2 – any combination that reaches 2k is fine.

Ben
Ben

I went in person to a chicago bank (live in Iowa) and they told me I was good to go on the promotion for $400. However I realized later that I never got any written confirmation so I guess I’ll see what happens when I hit the $2000 in dd.

Ben
Ben

Update: I just got the $400! Used PayPal to meet the direct deposit. I live outside of Illinois but signed up in a branch in Chicago. I also got the fees waived by getting a student account. It took a little more than three weeks after hitting the 10 swipes to get the bonus.

Mendel
Mendel

I got a email from pnc saying paypal isnt good to satisfy ach employer requirement for $300 bonus
Maybe the $400 bonus has different wording?

Yeshu
Yeshu

Denied because of stupid Chex systems. I haven’t even opened many accounts this year – just 3. And I have no negative reports on my accounts. FU PNC

Dan
Dan

How do they link this offer to your account when signing up? Is there a code the banker enters? Is there any confirmation that you are enrolled in the offer? Will be trying it in Milwaukee, WI

Eric
Eric

Call the banker a cheese head and that’ll work in sconsin.

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