Virtual Wallet is comprised of 3 accounts working together: Your Spend account is a non-interest-bearing checking account. Your Reserve account is an interest-bearing checking account used for short term savings goals. A valid U. You must be 18 years of age or older and will also need to provide a 2nd form of ID. What is PNC growth interest rate? What is a Spend account with PNC? Your Spend account is your everyday checking account and has tools to view your transactions, create budgets, pay bills and more.
What is PNC interest rate? What time are funds available PNC? It also functions as your overdraft protection account. If you would overdraft your Spend account, money will be moved from your Reserve account, free of charge.
That lets you avoid painful overdraft fees. The Virtual Wallet aims to be a one-stop shop for all your financial needs, including the need to keep track of your money. If your account will be in danger of being overdrawn due to a low balance, the days where that is a danger will be marked in red.
Maryland, Washington D. If you ever travel outside of the areas served by PNC, you may have to deal with hefty fees to access your cash. You can waive the fee by meeting any of the following requirements:. Even if you can avoid the monthly fee, you might want to be aware of the other fees that you may be charged:.
Having both in one Virtual Wallet account makes it somewhat difficult to compare the Virtual Wallet to other accounts. The convenience of having both in one account may not be worth passing up on features offered by other banks. These types of institutions tend to be able to offer better deals that meet the needs of customers.
The PNC Virtual Wallet is a highly unique bank account that combines a checking account and savings account into one. That means the account is a one-stop shop for your daily financial needs. Our top picks of timely offers from our partners More details. SoFi Personal Loans. LightStream Personal Loans. We may receive a commission from affiliate partner links. Click here to read more about Select. Click here to read our full advertiser disclosure. We may receive a commission when you click on links for products from our affiliate partners.
Learn More. Up to 6 free withdrawals or transfers per statement cycle. Overdraft protection offered by your Reserve and Growth accounts.
See our methodology , terms apply. View More. Here is how each is defined: Spend is your everyday checking account. Personal Finance. Your Practice. Popular Courses. Open Account. Cons Harder to open a stand-alone account Caveats to keep in mind to qualify for best interest rates or fees to be waived.
Company Overview. Year Founded Official Website www. ET ; Saturday—Sunday, 8 a. ET : Pros Explained. Cons Explained. Best For. Bank Offerings. Other Products. Customer Service. How to Bank. Pros Explained Sign-up bonuses for deposit accounts — While sign-up bonuses are more common among credit cards and business accounts, PNC offers a sign-up bonus when you open a Virtual Wallet.
ATM fee reimbursement — Depending on which type of deposit account you sign up for, you could either get non-network ATM fees reimbursed or have them dropped altogether. This might include being reimbursed for several specific ATM fees per statement cycle or receiving up to a certain amount in ATM fees back.
Wide range of products and services — Beyond deposit accounts, PNC offers everything from student loans to auto loans to wealth management to life insurance and much more.
Cons Explained Harder to open a stand-alone account — PNC takes a slight departure from standard banking products in how it packages its deposit accounts. If you want to open a Virtual Wallet, you can do so online, and get access to funds immediately after approval.
Some caveats to keep in mind —There are some caveats to keep in mind if you want to get your monthly fees dropped or to snag the best interest rate. For instance, to get the featured relationship rates, you'll need to link qualifying PNC accounts to your Virtual Wallet.
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