Extended until 06/30/25
extended until 3/31/2025
Extended through 01/02/2025
Extended through 10/31/2024
Update 7/2/24: Extended until 9/3/2024
Update 5/15/24: Extended again til 7/1/24
Update 1/4/24: Extended again until 02/29/2024
Update 11/1/23: extended until 01/02/2024
Update 9/12/23: extended through Oct 31
Update 7/4/23: Extended through 8/31
Update 4/1/23: Extended until 06/30/2023.
Update 1/3/23: Extended until 3/31/23
Terms state good through 01/02/2022. I assume it should be 01/02/2023.
Update 8/29/22: Deal is back and valid until 10/31/2022.
Offer at a glance
- Maximum bonus amount:Â $200 or $400
- Availability:Â Nationwide
- Direct deposit required:Â $2,000-$5,000 depending on bonus
- Additional requirements:Â None
- Hard/soft pull:Â SoftÂ
- ChexSystems: Unknown
- Credit card funding:Â Codes as a cash advance
- Monthly fees:Â $15-$25, avoidable
- Early account termination fee:Â
$25 if closed within six monthsnone - Household Limit:Â None
- U.S. Citizenship Required:Â Yes, for online applications. Resident alien and non-resident aliens now allowed online.
- Expiration date:Â
10/31/20216/30/22
Contents
The Offer
- PNC is offering checking bonuses of up to $400. Both bonuses require the following direct deposits within 60 days of account opening:
- Open a Virtual Wallet Performance Spend and receive $200Â with direct deposits totaling $2,000
- Open a Virtual Wallet Performance Select and receive $400Â with direct deposits totaling $5,000
- To qualify for the reward, the new Virtual Wallet product must be opened online via the application links on this page and completed with a mobile device between 5/03/2022 to 6/30/2022
The Fine Print
- Offer is contingent on product availability and may vary based on where you open your account and the Zip code of your primary address. For online or phone origination, the Zip code of your primary address will be used to determine product availability. For origination through a PNC location, product availability will be based on the physical PNC location. You may earn a $400 reward if you open a new Virtual Wallet with Performance Select or a $250 reward if you open a new Virtual Wallet with Performance Spend. Changing your product type any time after account opening and prior to the payout of your earned reward, could result in different offer requirements and reward amount.
- To qualify for the reward, the new Virtual Wallet product must be opened online via the application links on this page between 9/21/2021 to 10/31/2021, and a qualifying Direct Deposit(s) must be received within the first 60 days. Your Virtual Wallet product must remain open in order for you to receive the reward, which will be credited to the eligible account within 60â90 days after all conditions have been met and will be identified as “Cash Trans Promo Reward” on your monthly statement.
- A qualifying Direct Deposit for this offer, 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 into the Spend account of a Virtual Wallet with Performance Select or Virtual Wallet with Performance Spend. The total amount of all qualifying Direct Deposits credited to your Spend account must be at least $5,000 for Virtual Wallet Performance Select or $2,000 for Virtual Wallet Performance Spend. Credit card cash advance transfers, wire transfers, person to person transfers, transfers from one account to another or deposits made at a physical PNC location or ATM do not qualify as qualifying Direct Deposits.
- 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 24 months. If multiple accounts are opened with the same signers, only one account will be eligible for the premium. Trust, Estate and other specialty titled accounts are excluded from this offer. For this offer, signing authority will be defined by the customer name(s) and Social Security number(s) registered on the account. Offer may be extended, modified or discontinued at any time and may vary by market. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you. Please consult your tax adviser regarding your specific situation.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Virtual Wallet Checking Pro with Spend ($200 Bonus)
$15 avoidable by 2K DD or 2K average monthly balance
Virtual Wallet With Performance Select $25 Monthly Fee ($400 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 account
Early Account Termination Fee
There is an early account termination fee of $25. This is charged if you close your account within 180 days. There is some evidence to suggest that they donât actually charge this fee, but YMMV.
Our Verdict
Seems similar to the previous PNC deal, but this time the $400 link should be showing for more people. Not sure if this deal is available nationwide or not, but the $400 bonus is as good as it gets from PNC so we will add this to our list of the best bank account bonuses.
Hat tip to reader Jackie
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Donât Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Donât Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses â We Wonât Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Account opened April 27th
2×2500 from Chase Business using free ACH (showed up as ACH CREDIT XXXXX1234 JPMORGAN CHASE EXT TRNSFR) on May 20th and 27th
400$ Bonus Posted June 13th (ID CHECK REWARD????)
Paypal also showed up as ACH Credit. However, I pushed 2500 from Paypal so far, so it is confirmed that Chase worked.
Are people closing this right after getting the bonus? I usually wait six months but fees sound high. Do you have to talk to a person? I got my bonus last week.
I think a lot of folks (including myself) downgrade to Virtual Wallet after getting the bonus and when it’s available. I think it’s typically after a couple of months. You can search the comments for “downgrade.”
Successful DP:
4/1/25 – Opened “Virtual Wallet Performance Select”
4/11/25 – Real employer DD
4/25/25 – Real employer DD
….
(I was not working on other checking bonuses at the time, so I kept that DD going to keep the account free and went over the $5K bonus requirement)
6/6/25 – $400 “Check Rewards 6 Credits” posted
Will probably close out in a month
I tried to close the account by using secure message and they keep sending me a secure form to input information, but the form is blank and no text is visible. I tried different browsers and even mobile app, but it is the same issue.
Did anyone run into this same problem?
It has been an interesting ride with PNC the past year or two for me. I got this $400 bonus in June 2025, posted a few days ago. I opened the account in April 2025. Closed it out today. I do not have a PNC branch in my state so normally I am not eligible for the elevated $400 bonus but I found a workaround to that by opening the account over the phone. I have been denied by PNC when applying online at roughly three month intervals over the past 15 months or so but finally went into a branch when visiting family in Wisconsin last fall (2024). I was also denied in the branch and it seems they updated their application process because I have been churning PNC bonuses for many years and have had to sidestep their online applications in the past because of denials. In the past applying in the branch worked and I’ve done that at least twice and it was a traditional prolonged process. However in October of 2024 I applied in the branch and essentially, the banker used what appeared to be a process very similar to the consumer PNC website app so I think the app was denied in the branch because they converted to this new process which is more of a central decision than an in-branch verification process. It was a quite quick application process in branch October 2024. This was not a PNC cafe either. I had success applying for a PNC business checking online in January 2025 and so I thought maybe PNC might approve me for a consumer account since I now had an active relationship. I applied online and again was denied. However on a whim I tried calling in to apply and the banker who helped me said I could do the $400 bonus–I even offered a coupon but she said she could apply it herself. I was skeptical that I would get the bonus but it worked. So for those who may be having trouble getting approved and/or want the $400 bonus but don’t have a branch in state, try getting a business checking first online and then call in to apply for the consumer checking. Good luck.
4/15 – received $800 offer via mail for Virtual Wallet Performance Select
4/27 – opened account
5/1 – Push from Chase personal checking for $2500 (called JPMORGAN CHASE EXT TRNSFR) — auto-categorized as Paychecks and as ACH Credit
5/15 – second Chase push for $2500
6/6 – $800 bonus posted
4/21 â Opened
4/21 â $5000 push from Chase Personal (showed as ACH Credit)
6/06 â $400 Bonus
hi when u push from chase u choose standard method? i choose real time and it.show rtp, , standard need two days , i guess only standard will show as ach?
Yes, you need to choose standard and not real time. Good luck!
hi when u push from chase u choose standard method? i choose real time and it.show rtp, , standard need two days , i guess only standard will show as ach?
Did not show on my CHEX report.
Opened 4/9, got the bonus 6/7. Just used my normal work DD
Are people withdrawing and closing right away?
04/07 – account opened
04/13 – Payment from Wise (showed as ACH Credit)
04/21 – Payment from Wise (showed as ACH Credit)
04/27 – Payment from Wise (showed as ACH Credit)
05/21 – Payment from BofA (showed as ACH Web Payment)
No bonus. Will give it to Friday this week to confirm for sure but not looking good based on the timing of the other DPs here.
I opened around same time, just got the bonus today!
Yep I spoke too soon! Bonus just landed!
4/04 â Opened
4/22 â $5000 TreasuryDirect C of I
6/06 â $400 Bonus