Understanding PNC Monthly Service Charges
Hey readers,
Welcome to our comprehensive guide on PNC Bank’s monthly service charges. Whether you’re a current PNC customer or considering opening an account, understanding these fees is crucial to managing your finances effectively.
PNC Monthly Service Charges
Classic Checking Account
- $12: Monthly fee if balance falls below $500.
Performance Select Checking Account
- $25: Monthly fee if balance falls below $3,500.
Virtual Wallet Checking Account
- No Monthly Fee: No fees regardless of balance.
PNC Savings Accounts
Performance Select Savings Account
- No Monthly Fee: No fees regardless of balance.
PNC Money Market Accounts
Performance Select Money Market Account
- $15: Monthly fee if balance falls below $1,500.
Ways to Avoid PNC Monthly Service Charges
Maintain a Minimum Balance
- Keep the required minimum balance in your account to avoid the monthly fee.
Direct Deposit
- Set up a direct deposit from your paycheck or other sources into your PNC checking account.
Online Banking
- Enroll in PNC’s online banking service and make at least 10 qualifying transactions or payments per month.
PNC Monthly Service Charge Breakdown
| Account Type | Monthly Fee | Minimum Balance to Avoid Fee |
|---|---|---|
| Classic Checking | $12 | $500 |
| Performance Select Checking | $25 | $3,500 |
| Virtual Wallet Checking | $0 | N/A |
| Performance Select Savings | $0 | N/A |
| Performance Select Money Market | $15 | $1,500 |
Conclusion
Understanding PNC’s monthly service charges is essential for managing your finances wisely. By maintaining a minimum balance, setting up direct deposits, or using online banking, you can avoid these fees and keep more money in your pocket. PNC also offers accounts with no monthly fees, such as the Virtual Wallet Checking Account.
For more information on PNC Bank and its services, be sure to check out our other articles:
FAQ about PNC Monthly Service Charge
What is a monthly service charge?
A monthly service charge is a fee that PNC Bank charges for certain types of checking and savings accounts.
Why do I have to pay a monthly service charge?
Monthly service charges help to cover the costs of operating and maintaining your account, including providing access to online banking, mobile banking, and other services.
How much is the monthly service charge?
The monthly service charge varies depending on the type of account you have. For example, the Premier Performance Checking account has a monthly service charge of $25, while the Virtual Wallet Checking account has a monthly service charge of $7.
How can I avoid paying a monthly service charge?
There are a few ways to avoid paying a monthly service charge, including:
- Maintaining a minimum daily balance in your account
- Making a certain number of monthly transactions
- Using direct deposit
- Linking your account to a PNC Premier Savings account
What happens if I don’t pay my monthly service charge?
If you don’t pay your monthly service charge, PNC Bank may charge you an overdraft fee. Overdraft fees can add up quickly, so it’s important to avoid them.
How can I find out more about my monthly service charge?
You can find more information about your monthly service charge by contacting PNC Bank customer service or by visiting the PNC Bank website.
Can I negotiate my monthly service charge?
In some cases, you may be able to negotiate your monthly service charge with PNC Bank. However, this is not always possible.
What are the benefits of having a PNC bank account?
PNC Bank offers a variety of benefits to its customers, including:
- Access to online and mobile banking
- Free access to PNC ATMs
- A variety of checking and savings accounts to choose from
- Competitive interest rates
- 24/7 customer service
How do I open a PNC bank account?
You can open a PNC bank account online, by phone, or at a local branch.
What are the requirements to open a PNC bank account?
The requirements to open a PNC bank account vary depending on the type of account you want to open. However, you will generally need to provide your name, address, Social Security number, and a valid form of identification.
