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lifehacks
lifehacks

When opening the Treasury Enterprise Plan or Analysis Business Checking accounts, it’s worth highlighting that you need need to strictly adhere to the term “Maintain a minimum average ledger balance of $30,000 for each of the first three statement cycles”.

There is no grace period to deposit your money before the calculation for your average daily balance starts.

This means from day 1 when the account is open your average daily balance needs to be $30,000+. If you plan on keeping this minimum amount to meet the threshold, you need to make a deposit the day you open the account, which means:

1) ponying up $30,000 cash to deposit in the bank, or
2) sending a very expensive same-day wire of $30,000.

Another alternative is to transfer more than $30,000, enough so that your daily average reaches $30,000 for the billing period.

Beware, PNC’s external account transfer has a maximum $20,000 limit, and it takes anywhere from 3-7 days for the money to be received. You’ll likely not make the threshold in time using this method.

Beware!

jcp
jcp

I got this targeted letter https://ibb.co/XSmPpzp which offers up to $300 statement credit if you use PNC Merchant Services. Has anyone tried this? Is it worth it?

chiang Li
chiang Li

Maintain an average minimum monthly collected balance of $500 – is this just a $500 in the account?

Carly
Carly

William Charles EXtended thru 03/31/23.

arch
arch

Selected coupon to be emailed to me, good to 03 Jan. I was hoping it would be later when my $ is freed up.

SA
SA

Applied 8 days ago, went pending and still pending. That too after the fact that I already have a business card with them. Same case with P2.

I have been busy this week so I could not call. Will call them on Monday for an update.

Cate the MSer
Cate the MSer

It wants me to have a virtual meeting with the PNC team? WTF?! Should I just ignore it and let it go?

I applied as sole prop “biz.” Wondering if anyone has gone through this recently and cares to share the experience. I’m good at BSing on the fly.

MeowzyWowzy
MeowzyWowzy

I live in Texas which is not in the list of eligible states for the $200 offer but I was still approved. Had to turn in DBA form and DL picture. I then had a TEAMS meeting with a banker. She was very nice. Approved.

TD
TD

stingerzing: Did you receive $500 bonus?

stingerzing
stingerzing

Yes I did, posted yesterday 10/21.

I got a call from a back office rep on Wednesday as I have been asking my in-person rep every month to refund the fee. The back office stated they could put a request to expedite it and of course I requested. So it must have done something.

TD
TD

It was surprise I got my bonus on 10/21/22 too. I also got my fee credit and downgrade my account immediately.

Jun
Jun

is sole prop allowed for branch visit

TD
TD

Yes. I did