Published on March 17th, 2019 | by Chuck93
PNC Bank Funding Now Codes as Cash Advance
PNC allows $2,000 in credit card funding on their bank accounts, and they also have some nice signup bonuses, including this nationwide $200-300 offer. Unfortunately, many data points are coming in that PNC has changed their system and the credit card charges are now coding as a cash advance, not an ordinary purchase.
This includes attempts with Chase (INK Preferred, United, etc.), Fidelity, Bank of America, Citi, and Barclay. It’s likely that everything is now a cash advance. See data points in the comments of this post and this post (toggle to get the newest comments), as well as these Reddit reports.
The change happened something on March 13th, I believe. If anyone finds anything that still works from March 13th and beyond, please let us know. We’ll update our resource on Bank Accounts that Count as Purchase with the new information.
If you were hit with a cash advance fee, the first thing to do is pay off the balance immediately so that you don’t continue to accrue interest. You can also try calling in and explain the situation, and ask the bank to waive the 3% cash advance fee. Not sure if it’s possible to have a cash advanced reversed, that seems unlikely.